UPDATE Feb. 19: This story was updated to add Intelsat's comment on the regulatory status of the IS-39 satellite
PARIS — Satellite mobile-broadband service provide Ovzon AB of Sweden reported increased revenue and profit in 2019 on the strength of new contracts with the U.S. Defense Department.
It was the third consecutive year of growth for Ovzon and also a year when it reversed operating losses of the previous year to report a 5% operating profit margin in 2019.
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