Finance
May 15, 2024
Eutelsat Group’s operating vertical revenue in the third quarter increased 8.5% year-over-year, fueled by double-digit growth in fixed and mobile connectivity and government services. Eutelsat issued its third quarter 2023-24 results on May 14. Eutelsat achieved overall revenues of 300 million euros ($326 million) in the third quarter that ended March 31, an increase of…
May 14, 2024
Lockheed Martin awarded Terran Orbital another subcontract for its work for the Space Development Agency (SDA). Lockheed Martin awarded Terran Orbital a subcontract to produce 18 satellite buses for its Tranche 2 (T2) Tracking Layer contract, the company announced on May 13 ahead of its first quarter results. Terran Orbital previously built 10 buses for…
May 10, 2024
MDA Space posted modest revenue growth of 3.6% year-over-year in the first quarter of 2024, and a 169% year-over-year increase in backlog. The company reported $209 million Canadian dollars ($153 million) in revenue on May 9, citing strong contributions from its Robotics & Space Operations business. Revenue in the Robotics & Space Operations increased 12%…
May 10, 2024
Revenue for Canadian satellite operator Telesat dipped 17% in the first quarter of 2024 compared to the same time last year. Telesat reported $152 million Canadian dollars ($111 million) in revenue in the first quarter of 2024. The revenue decline was due to reduction of services and lower renewal rate on a direct-to-home capacity deal.…