Boeing space unit reports 3rd-quarter loss
Posted: Fri, Oct 29, 2004, 8:46 AM ET (1246 GMT)
Boeing's space unit reported another loss in its fiscal third quarter, the company announced Wednesday. The Launch and Orbital Systems unit of Boeing Integrated Defense Systems had a loss of $153 million on $822 million in revenue for the quarter ending September 30, compared to a loss of $58 million on $959 million in revenue for the same quarter of 2003. The company blamed the continued soft commercial space markets, as well as cost growth in unspecified satellite programs, for the loss, which offset profitability in its NASA programs. The space unit was an exception to the overall good fiscal news for the company, which beat Wall Street expectations for the quarter and raised its forecast for full-year earnings.
Boeing's space unit reported another loss in its fiscal third quarter, the company announced Wednesday. The Launch and Orbital Systems unit of Boeing Integrated Defense Systems had a loss of $153 million on $822 million in revenue for the quarter ending September 30, compared to a loss of $58 million on $959 million in revenue for the same quarter of 2003. The company blamed the continued soft commercial space markets, as well as cost growth in unspecified satellite programs, for the loss, which offset profitability in its NASA programs. The space unit was an exception to the overall good fiscal news for the company, which beat Wall Street expectations for the quarter and raised its forecast for full-year earnings.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, April 25
Boeing reports progress on containing Starliner costs
Space News — 5:52 am ET (0952 GMT) Katalyst Space acquires Atomos to accelerate in-space services
Space News — 5:51 am ET (0951 GMT) Okapi raises 13 million euros to expand space traffic management suite
Space News — 5:51 am ET (0951 GMT) Hidden and hampered: elevating the Office of Commercial Space Transportation
Space News — 5:51 am ET (0951 GMT) Shenzhou-20 crewed spacecraft arrives at Tiangong space station
Space News — 5:51 am ET (0951 GMT) |
