{"id":88115,"date":"2009-11-12T19:09:44","date_gmt":"2009-11-12T11:09:44","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/loral-boosts-revenue-ss-l-doubles-adjusted-ebitda-in-third-quarter\/"},"modified":"2009-11-12T19:09:44","modified_gmt":"2009-11-12T11:09:44","slug":"loral-boosts-revenue-ss-l-doubles-adjusted-ebitda-in-third-quarter","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/loral-boosts-revenue-ss-l-doubles-adjusted-ebitda-in-third-quarter\/","title":{"rendered":"Loral Boosts Revenue; SS\/L Doubles Adjusted EBITDA in Third Quarter"},"content":{"rendered":"<p>[11-11-09] <strong>Loral Space &amp; Communications <\/strong>reported its 2009 third quarter combined satellite manufacturing and service segment revenues increased about 9 percent to $424 million, up from $386 million in the corresponding period of 2008, according to the company\u2019s financial results, released Nov. 11. <br \/>\n&nbsp;&nbsp;&nbsp; Loral reported net income for the quarter at $108 million compared to a loss of $44 million for the third quarter of 2008. Loral\u2019s income statement reflects its 64 percent economic interest in Telesat. However, even without Telesat\u2019s contribution, which also showed strong growth in the quarter,&nbsp; Loral\u2019s revenues were $249 million, compared to $213 million in 2008. <br \/>\n&nbsp;&nbsp;&nbsp; <strong>Space Systems\/Loral<\/strong>\u2018s (SS\/L) third quarter adjusted EBITDA was $32 million, contributing to a nine-month total adjusted EBITDA of $54 million, which more than doubles SS\/L\u2019s adjusted EBITDA of the first nine months of 2008.<br \/>\n&nbsp;&nbsp;&nbsp; SS\/L\u2019s satellite manufacturing revenues increased by about $100 million for the nine months of 2009 from $646 million in 2008 to $746 million. &#8220;In addition to the five contracts already awarded this year, we continue to see strong customer activity. This is likely to lead to additional bookings in the near term,&#8221; Loral CEO Michael Targoff said in a statement.<\/p>\n<h2>Related Stories-<\/h2>\n<p>\n<b class=\"titlelink\">SS\/L CEO to Become Chairman of the Board After Retirement<\/b>&nbsp; \t\t \t\t\t&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tOctober 16, 2009<br \/>\n[10-16-09] Space Systems\/Loral (SS\/L) appointed CEO Patrick DeWitt the company s chairman, the company Oct. 15. DeWitt will relinquish his duties as CEO and retire at the end of 2009 to take up his new position. <\/p>\n<p><b class=\"titlelink\">Satellite Manufacturers Ready to Get Tough on Pricing<\/b>&nbsp;<img loading=\"lazy\" decoding=\"async\" width=\"12\" height=\"14\" align=\"top\" src=\"..\/..\/..\/..\/images\/icon_lock.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSatellite News&nbsp;&nbsp; \t\t\tSeptember 11, 2009<br \/>\n[09-11-09] In the Satellite Manufacturers Adapting to Changing Requirements panel at Euroconsult s World Satellite Business Week, industry leaders admitted some of the biggest issues facing satellite manufacturers was keeping\u2026<\/p>\n<p><b class=\"titlelink\">SS\/L Delivers Nimiq 5 to ILS<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tAugust 19, 2009<br \/>\n[08-19-09] Space Systems\/Loral (SS\/L) delivered the Nimiq 5 communications satellite to International Launch Service s (ILS) Baikonur Space Center in Kazakhstan, where it will be launched on Sept. 18, SS\/L announced Aug. 18. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>[11-11-09] Loral Space &amp; Communications reported its 2009 third quarter combined satellite manufacturing and service segment revenues increased about 9 percent to $424 million, up from $386 million in the corresponding period of 2008, according to the company\u2019s financial results, released Nov. 11. &nbsp;&nbsp;&nbsp; Loral reported net income for the quarter at $108 million compared [&hellip;]<\/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-88115","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/88115"}],"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=88115"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/88115\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=88115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=88115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=88115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}