SES CEO Sees 'Significant Opportunities' Including C Band Money
This year offers "significant opportunities" for SES, including its first $1 billion in incentive payments from C-band repurposing (see 2102250046), CEO Steve Collar said Thursday as the company announced results. He said the SES-17 high-throughput satellite and O3b mPower medium…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
earth orbit constellation have an increasing backlog of $740 million, before launch in the second half of 2021. SES-17 and mPower should bring "sustained profitable revenue" starting in 2023, he said. Collar said C-band clearing is on track to meet the company's December 2021 and December 2023 deadlines. SES said its SES-18, -19, -20 and -21 satellites are on track for launch in the second half of 2022 as part of the C-band clearing. SES said its $2.29 billion in revenue in 2020 is down from $2.43 billion the previous year.