SES Q3 revenue up 4.2% as aviation and defence lift Networks segment 6% like-for-like
SES reported a 4.2% increase in overall revenue for Q3, driven by growth in its Networks segment.
SES's Networks segment grew 6% like-for-like in Q3, and overall revenue rose 4.2% year over year. Government & Defence brought in 216 million euro ($242 million), up 4.2% like-for-like.
Growth in Government & Defence was led by strategic space mission prime awards, which CEO Adel Al-Saleh tied to the Protected Tactical Satellite-Global (PTS-G) award, IRIS², and managed-services demand. Mobility also saw growth during the quarter, up 19% year-over-year (LFL) to 234 million euro ($263 million), led by the aviation business.
Sourcesatellitetoday.com