Intelsat Feels Pinch of U.S. Military Withdrawal from Iraq

摘要

Satellite fleet operator Intelsat on March 1 said the drawdown of U.S. troops in Iraq is cutting into the company's revenue but that so far it is mainly affecting mobile satellite capacity that Intelsat leases from other operators. In a conference call with investors, Intelsat Chief Executive David McGlade said that in some cases business lost in Intelsat's mobile satellite services contracts returns in the form of contracts for Intelsat's own Ku-band satellite capacity. The total negative impact of the troop withdrawals is likely to be limited to less than 1 percent of Intelsat's total revenue, he said, which would mean a hit of around $26 million in 2012.