Space & Satellite Industry Financial Report Database
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EchoStar / Hughes Network Systems | August 5, 2022
In its 2Q 2022 financial results, satellite operator EchoStar and its subsidiary Hughes Network Systems reported: Hughes' long-awaited Jupiter-3 satellite is pushed back again - now expected to launch in the first half of 2023 instead of the most recently expected forecast of the 2023 first quarter. Maxar Technologies is building the satellite and has…
SES | August 5, 2022
In its 2Q and First Half 2022 financial results, satellite operator SES reported: The first launches for SES’s next-generation O3b mPOWER constellation were pushed back to the fourth quarter of this year. The satellites were previously expected to launch in the third quarter. During the investor call, SES CEO Steve Collar would neither confirm nor…
Telesat | August 5, 2022
In its Q2 2022 financial results, Canadian satellite operator Telesat reported: Consolidated revenue of $187 million, a decrease of $1 million compared to the same period in 2021. When adjusted for changes in foreign exchange rates, revenue declined 3% compared to 2021. The decline was attributed to a partial renewal of a long-term contract with…
Astra Space | August 5, 2022
In its 2Q 2022 financial results, launch service provider Astra Space reported: The big news was that the company was terminating its Space Launch System 1.0 (including the Rocket 3.3 iteration) after two NASA launch failures and that it was moving to the next version of its launch system. The discontinuation of Launch System 1.0.…
L3Harris Technologies | July 29, 2022
In its Q2 2022 quarterly financial update, space and airborne systems provider L3Harris reported: A $53 million YoY increase in Space-related revenues. Despite this, revenue for the entire Space & Airborne Systems (SAS) segment decreased 1% compared to the second quarter last year because of a $35 million decline in the airborne business. The company…
In its Q2 2022 financial results, manufacturer Northrop Grumman Corp.'s (NGC) Space Systems division reported: NGC Space Systems logged about $3 billion in sales in the second quarter, up 8% compared to the same time last year. This is an increase of $231 million, due to higher sales in the Launch & Strategic Missiles business…
Boeing | July 27, 2022
In its Q2 2022 financials, manufacturer Boeing's Defense Space & Security division reported: A 10% YoY decline in revenues for Defense, Space & Security in the second quarter of 2022 - $6.2 million, compared to $6.9 million in the same time last year. Most of the decline was attributed to "unfavorable performance on other programs…
Iridium | July 26, 2022
In Q2 2022, satellite operator Iridium Communications reported: Another strong quarter of growth, adding to an already extended period of growth. Net income grew 17% YoY. The company reported $4.6 million in net income for the second quarter of 2022, as compared to net income of $3.8 million, for the second quarter of 2021. Iridium…
Lockheed Martin | July 19, 2022
During Q2 2022, manufacturer Lockheed Martin's Space Systems division reported: Space segment sales decreased 11% YoY or $352 million, compared to the same period in 2021. Comparatively, the overall company's sales declined 9.4% (with the Aeronautics division reporting the largest decrease). $425 million of the division's sales decline can be attributed to the loss of…
Astra Space | June 28, 2022
In Q1 2022, launch service provider Astra Space reported: $3.9 million in revenues from launch services during the quarter: LV0008 for NASA in February, which failed; and LV0009 for Spaceflight on March 15. A GAAP net loss of $85.7 million. The cost of revenues was $11 million during the quarter, including $5.5 million in cost of launch…