Satellite ground terminal builder Ovzon reports flat revenue, higher losses as it finances its own satellite

by Peter B. de Selding

PARIS — Swedish mobile satellite ground terminal provider Ovzon AB, which plans to launch its own satellite in 2021, reported a 3.4% increase in revenue in 2018 on stronger terminal sales and a favorable foreign-exchange environment, but deeper losses as it incurred the cost of its satellite and R&D expenses.

Ovzon is transitioning from a company that leases capacity on others’ satellites to one that operates its own spacecraft. The first of these, Ovzon-3, will use an Ovzon-designed on-board processor to provide higher revenue for the company . . .

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