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Article: ND SatCom Business Transformation Almost Complete.
- Article from:
- Satellite News
- Article date:
- September 10, 2008
CopyrightCOPYRIGHT 2008 Access Intelligence, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[Satellite News 09-03-08] ND SatCom likely will generate the majority of its revenues from the military/defence sector going forward, Karl Classen, ND SatCom's CEO, said.
"Due to the business we gained from the German armed forces, we were able to increase revenue share from the defence segment up to some 40 percent of our overall revenues," Classen told Satellite News. "Three to four years ago, it was just 20 percent of our revenues. We expect this to become the majority portion of our revenues in the next one to two years. Defence could reach 60 percent of our business in the next couple of years."
Success in the United States is key to this ...