Ovzon reports sharp revenue, operating profit decline in 2020; Ovzon-3 satellite to launch late this year

by Peter B. de Selding

PARIS — Government/NGO satellite bandwidth provider Ovzon AB reported a 37 drop in revenue ini 2020 compared to 2019 as well as an operating loss that the company blamed on the Covid pandemic’s effects on sales and marketing, and lower sales to the U.S. Defense Department.

Ovzon’s U.S. DoD contracts in 2020 were for shorter durations and totaled $10.8 million, compared to $18 million in 2019. In addition to this $7.2 million gap, Ovzon was stranded with unsold capacity that cost about $2 . . .

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