IS-29e satellite failure review appears to clear Boeing; Intelsat applauds military return to “Total Value” bid review

by Peter B. de Selding


PARIS — Satellite fleet operator Intelsat saw its backlog drop $400 million in the three months ending June 30, mainly due to the April failure of the IS-29e satellite, which was less than four years old and had been a pillar of Intelsat’s future growth strategy.

Backlog stood at $7.5 billion on June 30, down from $7.9 billion on March 31.

Intelsat booked an asset-impairment charge of $382 million during the period as a result of the failure, which a board of . . .

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