Satellite services provider Speedcast still awaiting energy-sector recovery, says airborne ISR up 34%

by Peter B. de Selding

LONDON — Maritime, energy and government connectivity services provider Speedcast has been predicting a turnaround in the global energy sector for two years and is still waiting for it. But the company said indications are that it will occur in 2019.

The continued sluggish energy market is one reason why Speedcast missed its revenue and EBITDA targets for 2018 despite growth in its three other divisions — maritime, enterprise and emerging markets, and government.

Also contributing were the late entry into effect of its Globecomm acquisition, which closed in December, and . . .

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