Aug 31 1975
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(New page: Communications Satellite Corp., U.S. representative in the International Telecommunications Satellite Consortium, transmitted its twelfth annual report to the President, covering the activ...)
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Communications Satellite Corp., U.S. representative in the International Telecommunications Satellite Consortium, transmitted its twelfth annual report to the President, covering the activities of ComSat from 1 July 1974-30 June 1975.
Two more INTELSAT IV satellites had been ;orbited, INTELSAT IV F-8 21 Nov. 1974 over the Pacific Ocean and INTELSAT IV F-122 May 1975 over the Indian Ocean. A third satellite, INTELSAT IV F-6, failed to achieve orbit when the launch vehicle malfunctioned.
By 30 June 1975 a network of 112 antennas-27 more than last year-at 88 earth stations was providing 379 Comsat pathways, with 107 countries leasing satellite services, an increase of 7 over the previous year.
Comsat General Corp., a subsidiary, had entered into a joint venture with the European Space Agency and the Government of Canada on 3 Dec. 1974 to provide satellite capacity for an Aerosat (aeronautical satellite) communications test and evaluation program. Comsat General and International Business Machines Corp. had notified the Federal Communications Commission that they would seek to enter the domestic satellite business with one or more partners. ComSat's earth stations in Connecticut and California neared readiness for Marisat (maritime satellite) communications services in the Atlantic and Pacific Ocean areas.
ComSat reported a net income of $44 918 000, or $4.49 per share, up from $36 299 000 or $3.63 per share in 1973. (Text)
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