[Satellite Today 01-29-09] Despite an increase of revenue in Boeing Co.’s network and space systems unit, the company’s overall revenues declined, dropping $4.8 billion to $12.7 billion from $17.5 billion in 2007, the company announced Jan. 28 in their 2008 fourth quarter report.
The company blamed the long-lasting strike by its machinists for the revenue shortfall.
Network and space systems performed well, increasing revenues to $2.9 billion with operating margins at 8 percent on solid performance across the segment’s range of programs. Boeing’s backlog orders also grew 8 percent in 2008 to a record $352 billion.
Boeing Blames Strike for $4.8 Billion Revenue Loss
Eutelsat Signs New Broadcast Deals in Mexico and Caribbean
Eutelsat has announced three new broadcast deals this week in Mexico and the Caribbean. The satellite operator is to partner with Co-op Cable, introducing an expanded direct-to-home (DTH) and connectivity […]
Trending Now
-
Government/MilitarySpace Force Awards $3.2 Billion to 12 Companies for Space-Based Interceptor Work
-
Government/MilitaryFCC Rejects Requests for Sharing in MSS Spectrum, Maintaining Exclusive Rights
-
Government/MilitarySDA’s Need for Speed Pushes Startups for Results
