With SS/L, Loral Sees ‘Steady’ Earnings, Outlook
Loral Space & Communications saw revenues increase by 17 percent in the second quarter, and 22 percent for the first half of the year, the company announced Aug. 8. For the three- and six-month periods ended June 30, 2007, total consolidated revenue for the second quarter reached $226 million, up from $193 million for the same period of 2006. For the first half of 2007, revenue totaled $447 million, up from $365 million reported for the first half of 2006.
Its Space Systems/Loral (SS/L) satellite manufacturing division saw satellite construction contracts boost second quarter 2007 revenues before eliminations to $210 million, or a 29 percent improvement over $163 million in the second quarter of 2006. For the first half, SS/L’s revenues totaled $411 million, up 36 percent from the similar period in 2006. In the second quarter, SS/L both gained a contract to construct NSS-12 for SES New Skies and a delivery order from the NASA Goddard Space Flight Center’s Rapid Spacecraft Development Office (RSDO) for a Landsat Data Continuity Mission (LDCM) Spacecraft Accommodation Study.
Last week, with SS/L already involved in construction of a fifth satellite for Sirius Satellite Radio, the companies announced signing a contract for the construction of Sirius FM-6, a highly inclined elliptical orbit (HIEO) satellite.