INMARSAT
Total halfway revenues $616.2m
It has been a difficult haul for Inmarsat over the past couple of years, but this does not seem to have been reflected of late in the share price. The main hitch was the failure to launch its third GlobalXpress satellite in May on one of the unreliable Proton rockets from Baikonur in Kazakhstan.
The satellite finally went up at the end of last month and this completes the array of three that Inmarsat needs to provide global coverage of GX by the end of the year. This is a significant milestone, because GX will be providing revenues of $500 million within five years. The company is also no longer reliant on any more Proton launches,
Yesterday Inmarsat, which joined