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Telenor Satellite Exec Touts the Benefits of In-Orbit Satellite Servicing satellitetoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from satellitetoday.com Daily Mail and Mail on Sunday newspapers.
Intelsat’s North America headquarters. Photo: Intelsat Intelsat turned in its first year-over-year double-digit revenue increase in at least eight years, thanks to contributions from its recently acquired Gogo Commercial Aviation business. The satellite operator’s first fiscal quarter 2021 revenues were $502.8 million an increase of $43.9 million (0r 10%) from Q1 2020. The operator also cut its total quarterly net losses from $218.8 million in Q1 2020 to $174.9 million for the three-month period that ended March 31. Intelsat completed its $400 million cash acquisition of Gogo Commercial Aviation in December and transformed it into a business unit under its Network Services division, which delivered $214 million in Q1 revenue. This represents a 43% year-over-year increase for the division and makes Network Services Intelsat’s largest and most profitable business unit, surpassing the Media unit. ....
Mission Extension Vehicles succeed as Northrop Grumman works on future servicing/debris clean-up craft May 7, 2021 With the successful docking of Mission Extension Vehicle 2, or MEV-2, to the Intelsat 10-02 satellite last month, Northrop Grumman not only repeated the task of successfully attaching one of their MEV spacecraft to a functioning satellite but also successfully proved the ability to grab a still-transmitting telecommunications satellite without disrupting service. The success of both MEV-1 and -2 has led to an increasing interest in the use of those crafts after their current five-year missions with their present satellites are complete. Meanwhile, Northrop Grumman has already begun work on the next generations of remote, on-orbit servicing and debris clean-up vehicles. ....
Intelsat Announces First Quarter 2021 Results First quarter net loss attributable to Intelsat S.A. was $174.9 million First quarter Adjusted EBITDA of $275.0 million or 55% of revenue March 31, 2021 contracted backlog of $5.9 billion Intelsat S.A. (the Company ) (OTC: INTEQ), today announced financial results for the three months ended March 31, 2021. Intelsat reported total revenue was $502.8 million and net loss attributable to Intelsat S.A. was $174.9 million for the three months ended March 31, 2021. Intelsat reported EBITDA 1, or earnings before net interest, taxes and depreciation and amortization, of $130.5 million and Adjusted EBITDA 1 of $275.0 million, or 55% of revenue, for the three months ended March 31, 2021. Intelsat s Chief Executive Officer, Stephen Spengler, said, Overall, we delivered solid quarterly operational results which now include our Gogo Commercial Aviation business. Network Services benefited from new business ....
Rebuilding America's Military: The United States Space Force heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.