[05-11-11] Loral Space & Communications<\/b> generated $67.8 million in 2011 first quarter net income, which more than doubled its $29.4 million intake during the same period in 2010, the company announced in its latest financial results issued May 10.
\n Loral\u2019s satellite manufacturing division Space Systems\/Loral<\/b> (SS\/L) grew its revenues by $50 million to $280.7 million compared to the first quarter of 2010. Loral satellite service subsidiary Telesat<\/b> previously reported 2011 first quarter revenues of $205.7 million \u2013 an improvement over the $191.5 million revenue mark it recorded last year.
\n Loral CEO Michael Targoff credited Telesat and SS\/L\u2019s continued focus on operating efficiencies and growth strategies for the company\u2019s overall performance and hinted that the results could improve its bargaining power in a possible division sell-off.
\n\u201cThe previously announced process to explore strategic alternatives for Telesat and SS\/L is ongoing. The operating strength and prospects of both Telesat and SS\/L provide us with a number of favorable alternatives ranging from sale or public offerings to staying the course with or without an SS\/L spinoff or Telesat recapitalization or other internal restructuring. We would hope to have more clarity this quarter and will provide updates as events warrant,\u201d Targoff said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
[05-11-11] Loral Space & Communications generated $67.8 million in 2011 first quarter net income, which more than doubled its $29.4 million intake during the same period in 2010, the company announced in its latest financial results issued May 10. Loral\u2019s satellite manufacturing division Space Systems\/Loral (SS\/L) grew its revenues by $50 million to $280.7 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-84857","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84857"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=84857"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84857\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}