Inmarsat shifts next satellite to Proton
Posted: Wed, Aug 8, 2007, 7:57 AM ET (1157 GMT)
Mobile satellite company Inmarsat has signed a contract with International Launch Services to launch its next satellite on a Proton next year. The contract, announced yesterday, will allow the Inmarsat 4 F3 satellite to launch in March or April of 2008 on a Proton M. Inmarsat had a contract with Lockheed Martin for an Atlas 5 launch of the spacecraft, but given the current Atlas manifest could not secure a launch slot until early 2009. Inmarsat will retain the Atlas 5 launch reservation, but possibly sell it to another company. The announcement came the same day that Inmarsat announced its financial results for the second quarter of 2007, with revenues of $143.4 million, up 15.5% over the same quarter of 2006, and EBITDA of $101.2 million, up 22.8% from a year ago.
Mobile satellite company Inmarsat has signed a contract with International Launch Services to launch its next satellite on a Proton next year. The contract, announced yesterday, will allow the Inmarsat 4 F3 satellite to launch in March or April of 2008 on a Proton M. Inmarsat had a contract with Lockheed Martin for an Atlas 5 launch of the spacecraft, but given the current Atlas manifest could not secure a launch slot until early 2009. Inmarsat will retain the Atlas 5 launch reservation, but possibly sell it to another company. The announcement came the same day that Inmarsat announced its financial results for the second quarter of 2007, with revenues of $143.4 million, up 15.5% over the same quarter of 2006, and EBITDA of $101.2 million, up 22.8% from a year ago.
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