PARIS — Mobile satellite services provider Inmarsat said its U.S. government business improved in the first three months of 2019 but that it is still “the ultimate buyer’s market” with growth still not robust.
Including its Take-or-Pay contract with Boeing for U.S. government sales of Inmarsat’s Global Xpress Ka-band product, U.S. government revenue was up 28% in Q1, while non-U.S. government revenue was up 30%, mostly on sales of GX equipment that should generate service revenue later on.
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