Hughes Network Systems saw an 8.6% boost in revenue during the second quarter of 2021 compared to 2020, driven by higher sales for equipment and consumer broadband. This revenue growth came despite a decline in subscribers for the third quarter in a row. Hughes had 1,542,000 broadband subscribers as of June 30, 2021, down 11,000…

Despite buzz around growth in satellite services, revenue for this segment of the satellite industry is predicted to be virtually flat through 2025, according to Euroconsult figures. Nathan de Ruiter, Euroconsult’s managing director of Canada discussed industry financials in a panel with analysts from Barclays and Avascent during SATELLITE 2021 Future Space Forum on July…

Eutelsat Communications reported a 3.5% dip in revenues in its 2020-21 fiscal year compared to the prior year, but the 1,220 million euros ($1447 million) in revenue was at the high end of the company’s guidance.  Eutelsat reported its full year 2020-21 financial results just before the scheduled launch of its QUANTUM satellite on July…

Northrop Grumman reported strong second quarter financial results on July 29, led by a number of programs in its Space Systems and Mission Systems segments. The company again raised its top and bottom-line guidance for the year. Net income increased 3% to $1.04 billion, $6.42 earnings per share from $1.01 billion ($6.01 EPS) a year…