Mar 1 1969
From The Space Library
Terminal countdown for Apollo 9 mission, scheduled for launch March 3, began at 10:00 pm EST. (NASA Proj Off)
ComSatCorp submitted Report to the President and the Congress for the Calendar Year 1968. Highlights included completion of three new ground stations in U.S. and seven in foreign countries, successful launch and operation of Intelsat-III F-2 (Dec. 18, 1968), increase in INTELSAT membership to 63 nations, award of $72-million contract to Hughes Aircraft Co. for four Intelsat IV satellites, and phasing out of regular service of Intelsat I (Early Bird ) after 42 mos of commercial service with 100% reliability. In 1968 ComSatCorp realized net income of $6,841,000 (68 cents per share), 47% increase over $4,638,000 (46 cents per share) earned in 1967. Revenues for 1968 totaled $30,495,000; they were $18,464,000 in 1967. Utilization of comsat system continued to increase, with ComSatCorp leasing 941 full-time circuits at end of 1968, up from 717 at end of 1967 and 73 at end of 1966. Demand for TV coverage of world news events increased, with 666 hrs of TV transmitted via satellite during 1968-nearly three times as many hours as in 1967. (Text; Annual Rpt to Shareholders)
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