Boeing space unit reports 3rd-quarter loss
Posted: Fri, Oct 29, 2004, 8:46 AM ET (1246 GMT)
Boeing's space unit reported another loss in its fiscal third quarter, the company announced Wednesday. The Launch and Orbital Systems unit of Boeing Integrated Defense Systems had a loss of $153 million on $822 million in revenue for the quarter ending September 30, compared to a loss of $58 million on $959 million in revenue for the same quarter of 2003. The company blamed the continued soft commercial space markets, as well as cost growth in unspecified satellite programs, for the loss, which offset profitability in its NASA programs. The space unit was an exception to the overall good fiscal news for the company, which beat Wall Street expectations for the quarter and raised its forecast for full-year earnings.
Boeing's space unit reported another loss in its fiscal third quarter, the company announced Wednesday. The Launch and Orbital Systems unit of Boeing Integrated Defense Systems had a loss of $153 million on $822 million in revenue for the quarter ending September 30, compared to a loss of $58 million on $959 million in revenue for the same quarter of 2003. The company blamed the continued soft commercial space markets, as well as cost growth in unspecified satellite programs, for the loss, which offset profitability in its NASA programs. The space unit was an exception to the overall good fiscal news for the company, which beat Wall Street expectations for the quarter and raised its forecast for full-year earnings.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
New Virgin Galactic spaceplane arrives at Spaceport America
Posted: Sat, Oct 31 10:38 AM ET (1438 GMT) |
|
news links
|
|
Monday, November 2
Forum: Springs’ space future is bright without Space Command
Colorado Springs Gazette — 5:37 am ET (1037 GMT) S. Korea's Air Force to participate in U.S.-led space war game for 1st time
Yonhap News — 5:35 am ET (1035 GMT) The growing threats that make the Space Force essential
Washington Examiner — 5:33 am ET (1033 GMT) Lawfare against Elon Musk could affect the Artemis program
The Hill — 5:26 am ET (1026 GMT) Southland's global space company won't write down military policy
The Southland App (NZ) — 5:25 am ET (1025 GMT) |
