[Satellite Today 01-06-09] EMS Technologies expects its 2009 earnings to exceed $50 million, growing more than 40 percent compared with 2008, the company announced Jan. 5.
    “The guidance for the full year 2009 is based on expectations for organic revenue growth of 15 to 20 percent for our Satcom and Defense sectors,” EMS CEO Paul Domorski said in a statement. “For LXE, with the current economic conditions, our plan is based on flat revenue compared with 2008. We also believe that the profitability of all of our businesses will increase in 2009 as compared with 2008 as a result of the expected favorable mix of contracts and the benefit of successful initiatives to reduce costs and improve operating margins.”
    Domorski said the company expects more acquisitions in 2009. “The acquisition of U.S.-based Formation is expected to be completed by mid-January 2009, and the acquisition of the U.K.-based Satamatics is expected to be completed by the end of the first quarter 2009.”