Space & Satellite Industry Financial Report Database
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Telesat | June 28, 2022
In Q1 2022, operator Telesat reported: $186 million Canadian dollars ($144 million) in revenue, a 3% decrease compared to the same period in 2021. The revenue decrease was primarily due to the DTH reduction, termination and reductions on contract renewal of certain services, and a decrease in equipment sales to Canadian government customers. Net income…
Iridium | June 28, 2022
In Q1 2022, operator Iridium Communications reported: 15% revenue growth in the first quarter of 2022, compared to the first quarter of 2021, with a Q1 total revenue of $168.2 million. Iridium's total service revenue grew 9% YoY compared to 2021, reaching $126.1 million. Commercial service revenue was $99.6 million, up 10% from last year’s…
Maxar Technologies | June 28, 2022
In Q1 2022, manufacturer Maxar Technologies reported: The company continues to be impacted by delays in launching WorldView. Maxar pushed the first WorldView Legion launch back to September after encountering a test configuration anomaly. Consolidated revenues of $405 million, up 3.3% over the same time last year. Net loss was $7 million, compared to $84…
Lockheed Martin | June 28, 2022
During Q1 2022, Lockheed Martin Space Systems reported: $2.6 million in revenue in Q1, down 15% compared to Q1 in 2021. The company said there was about $95 million revenue decrease for commercial civil space programs due to lower volume on the Orion and Human Lander System (HLS) programs. Space segment decreases were partially offset by…
Boeing | June 28, 2022
In Q1 2022, Boeing's Defense, Space & Security division reported: Revenue of $5.5 billion in the first quarter, a 24% dip compared to $7.2 billion in the first quarter of 2021, driven by lower volume and charges on fixed-price development programs for military aircraft. Backlog for the segment stands at $60 billion, with 33% representing…
Northrop Grumman | June 28, 2022
In Q1 2022 Northrop Grumman reported: $2.9 billion in Space Segment, a 13% increase compared to the same quarter last year. Both the Launch & Strategic Missiles and Space business contributed to the increase, driven by higher volume on Commercial Resupply Service to the International Space Station and restricted programs. In 2021, Space Systems grew…
L3Harris Technologies | June 28, 2022
In Q1 2022 L3Harris Technologies reported: $4.1 billion in Q1 revenue - a 10% decline compared to the first quarter of 2021 Each segment — Integrated Mission Systems, Space and Airborne Systems, and Communication Systems — saw revenue decline. Space & Airborne Systems reported $1.5 billion in revenue for the quarter. This segment saw the…
Boeing | January 12, 2021
In its FY 2021 results, space systems manufacturer Boeing's Defense, Space & Security division reported: Defense, Space & Security segment reported $26.5 billion in revenue for 2021, up 1% from the prior year. A double-digit YoY decrease in Defense, Space & Security 4Q 2021 sales at $5.9 billion --$917 million less than Q4 sales in…
Northrop Grumman | January 12, 2021
In FY 2021 space systems manufacturer Northrop Grumman Corp. (NGC)'s Space Systems division reported: NGC Space Systems led the company in sales increases for the year. Full year Space Systems Division ended FY 2021 with $10.6 billion in sales, up 21% from the 2020 total, which was itself a record year that represented an 18% jump from…