News Analysis

Chicago, Ill., July 25, 2013--Boeing Co. reported  second-quarter profit increased 13 percent to US$ 2.0 billion from the same period last year driven by strong performance across the company's businesses, particularly sales of sales of commercial airplanes and exports of military equipment.

Falls Church, Va., July 25, 2013--Northrop Grumman reported earnings and revenues that surpassed analysts' expectations, posting a 1.7 percent rise in second-quarter earnings as the defense company posted modestly stronger revenues. Northrop reported a profit of US$ 488 million, or US$ 2.05 a share, up from US$ 480 million, or US$ 1.88 a share, a year earlier.  Revenue increased to US$ 6.29 billion from US$ 6.27 billion a year ago.

Bethesda, MD., July 24, 2013 — Lockheed Martin Corp. reported on Tuesday profits rose by 10 percent to $859 million during the second quarter, prompting the company to raise its profit guidance for the year.

Mexico City, Mexico, July 19, 2013- Mexican satellite opeartor  Satélites Mexicanos, S.A. de C.V. (Satmex) is reported up for sale, according to various media reports quoting surces familiar with the matter.Satmex has reportedly hired Credit Suisse Group AG and Goldman Sachs Group Inc. to represent them in the sale.

According to sources quoted by the Wall Street Journal, the company is currently in its second round of bidding, with around five bidders including private-equity firms and “strategic” corporate bidders.

by Peter Galace

Moscow, Russia, July 19, 2013--Russian officials have suspended all launches of Proton rockets following the July 2 launch failure of a Proton M rocket carrying three GLONASS navigational satellites into space.  The Russian Federal Space Agency, commonly called Roscosmos, announced last week that a Russian State Commission has been established and has started investigating the potential causes of the failure.

Dulles, Va., July 18, 2013--Orbital Sciences Corp. reported lower second quarter revenue by 10 percent, but better profit margins improved its bottom line. Second quarter revenue dropped to US$ 333.1 million, down 10 percent from the second quarter of 2012. Net income rose to US$16.3 million, or 27 cents per share, compared to US$ 14.6 million, or 25 cents per share, as the company benefited from lower interest expenses after refinancing debt last year.

Cambridge, UK, July 15, 2013--Amino Technologies reported on Monday flat revenue of GBP20.1 million pounds (US$30.36 million) for the half year that ended May 31, but said its pretax profit rose to GBP2.6 million (US$3.93 million) from £200,000 (US$302,140) as the company benefited from rebates totalling GBP1.7 million (US$2.57 million) on duties paid on international product sales.

New York, NY, July 12, 2013 — In a sudden twist of events, 21st Century Fox, NBCUniversal and The Walt Disney Co. stopped the bidding of Hulu and jointly announced that they will maintain their respective ownership positions in the video company. In a statement, the owners said they agreed to provide cash infusion of $750 million to propel future growth.

New York, NY, July 10, 2013--The increase in digital distribution and the continued shift to mobile devices for the delivery of all communications and content, is helping drive revenues for media and telecom companies, according to a recent poll of industry
executives by KPMG.

Ottawa, Canada, July 9, 2013--C-COM Satellite Systems Inc., a provider of mobile auto-deploying satellite antenna systems, today announced financial results for its second quarter ending May 31, 2013. The company is reporting a net profit of CDN $ 966,997 or 2.8 cents per share compared with results for the same period last year when there was a net profit of CDN $ 542,251, or 1.6 cent per share.