Replacement Satellite News

Inmarsat, a provider of global mobile satellite communications services, said it has triggered an option to purchase a fourth Inmarsat-5 satellite under its existing contract with Boeing Satellite Systems International, Inc. The program schedule from Boeing has a satellite delivery date of mid-2016. The fourth Inmarsat-5 satellite will have a dual strategic role. Initially the satellite will serve to provide an early available spare in the unlikely event of a launch failure of any of the first three Inmarsat-5 satellites. As a result, Inmarsat will be able to achieve global service launch for Global Xpress (GX) more rapidly than if a replacement satellite were only commissioned following a launch failure.

Intelsat S.A. reported financial results for the 2012 fourth quarter and full year. Intelsat S.A. reported revenue of $672.4 million and a net loss of $3.7 million for the three months ended December 31, 2012. The company also reported Intelsat S.A. EBITDA1, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, of $520.0 million, and Intelsat S.A. Adjusted EBITDA1 of $516.5 million, or 77 percent of revenue, for the three months ended December 31, 2012. For the 12 months ended December 31, 2012, Intelsat S.A.