[Satellite Today 04-10-09] EMS Technologies is adjusting the low end of the range of its previous earnings guidance for the 2009 fiscal year from $1.55 to $1.35 per share, due to concerns over the economy, the company announced April 9.
    The company said that the status of its LXE business, combined with delays in customer orders, especially in North America, are an increasing concern and have called for rate adjustments. EMS also cited accounting standards used in 2008 and prior years as a motivating factor, which excluded acquisition-related charges from the income statement.
    EMS said it expects to continue pursuing its plan of restructuring for LXE, which the company now expects will take a loss for the first quarter or the full year. EMS defense and space segment, as well as its communications and tracking segment, are on course to meet expectations for the year, the company said.