The company on Jan. 23 announced its preliminary earnings for the fourth quarter of 2024, with total revenues of $5.4 billion and an operating margin of 41.9%.
Intelsat has lost power on one of its satellites serving Europe, Africa and some of Asia-Pacific, and it will likely be unable to recover the spacecraft.
Winding down BGS would simplify the organization, raise cash and signal that Boeing is returning to its roots of aircraft development and manufacturing.