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Business briefs: April 23
Posted: Wed, Apr 24, 2002, 8:02 AM ET (1202 GMT)
  • Orbital Sciences Corporation reported Tuesday a small profit in the first quarter of 2002. Orbital said it had a net income of $2.4 million ($0.05/share) in the first quarter on revenues of $120.7 million, compared to a $21.6 million loss ($0.57/share) in the same quarter of 2001. The company said its "back-to-basics" strategy is taking hold.
  • Lockheed Martin reported a first quarter 2002 profit of $218 million, or $0.50/share, double of what the company reported in the same quarter a year ago. The company's Space Systems division had earnings of $122 million on $1.87 billion in sales, a third higher than the same quarter a year ago because of increased commercial launches and government satellite work.
  • XM Satellite Radio reported a net loss of $117.7 million ($1.56/share) in the first quarter, $75 million more than the same quarter last year. The company said it had over 76,000 subscribers to its satellite digital radio service by the end of the quarter and was on track to have 350,000 by the end of the year.
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news links
Thursday, November 23
Cover Story: The ultimate frontier market
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Next-generation weather satellite in orbit, gets new name
Huntsville Times — 1:56 am ET (0656 GMT)
Successful First International Moon Village Workshop at ISU
International Space University — 1:53 am ET (0653 GMT)
The Short Life and Death of a Space Tourism Company
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Building for a Future in Space
University College Dublin Observer — 1:47 am ET (0647 GMT)


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