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…
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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.