DOCSLIB.ORG

2019 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Annual Report March 18, 2020 Dear EchoStar Corporation Shareholder, 2019 was a successful year for EchoStar with many accomplishments across the business and around the world. We focused on initiatives to drive long-term growth and to capitalize on the growing global demand for broadband Internet services and connectivity solutions. This year, we significantly expanded services in Central and South America, grew our presence in Europe, Africa, the Middle East and southwest Asia, and continued the construction of our next-generation, Ultra High Density Satellite. Additionally, the completed spin-off to DISH Network has enabled us to sharpen our focus on the growing broadband and connectivity markets and other strategic opportunities, while also increasing shareholder value. Notable highlights include: • Completed spin-off of satellite and other non-strategic assets to DISH Network returning approximately $800 million to our shareholders. • Launched a new project with Facebook, bringing satellite-enabled Community Wi-Fi Hotspots to previously unserved communities in Brazil, Colombia and Mexico. • Commenced our strategic joint venture arrangement with Al Yah Satellite Communications Company PrJSC (Yahsat) to expand our commercial satellite broadband services in Brazil. • Expanded the footprint of HughesNet®, our high-speed satellite Internet service, into two new countries in Latin America, Chile and Mexico. • Increased sales of our JUPITER™ System for broadband satellite implementations, which represents more than 50% global share of deployed very small aperture terminals (VSATs), with contracts from major operators like SES and Eutelsat. • Expanded development and deployment of EchoStar Mobile Satellite Services in Europe using our EchoStar XXI S-band satellite and acquired Helios Wire Corporation (renamed EchoStar Global) to further our efforts to build a next generation hybrid 5G/IoT network using S-band technologies. • Continued construction of EchoStar XXIV/JUPITER 3, our Ultra High Density Satellite, designed to augment capacity for our growing HughesNet® service across the Americas as well as for aeronautical and enterprise broadband services, with a planned 2021 launch. EchoStar continues to rank as one of the world’s leading satellite operators, owning and/or leasing 10 satellites or payloads. Last year, HughesNet® continued to build on its success as the #1 consumer satellite Internet service, reaching over 1.4 million subscribers in the Americas with approximately 69% U.S. market share and approximately 237,000 subscribers in Central and South America. We are well positioned to take advantage of the full economic potential of our high-growth consumer business, reinforcing our global leadership overall in satellite network services and technologies. We intend to utilize our expertise and success in the Americas to propel growth internationally across both consumer and enterprise markets. Year over year our consolidated revenue and adjusted EBITDA grew by 7% and 5%, respectively. Our Hughes segment revenue and adjusted EBITDA, which represents the significant majority of our total revenue and adjusted EBITDA, each increased 8% in 2019. Our balance sheet remained strong at year end with approximately $2.5 billion of cash and marketable securities. Throughout 2019, we advanced our mission to be the global connectivity provider for people, enterprises and things. Looking forward at the dawn of the new decade, we plan to leverage our innovations in technologies and services to pursue strategic opportunities for long-term growth – whether organically, by acquisition or through strategic partner alliances. Across our industry, winning companies are those that never cease creating new opportunities and breaking new ground. At EchoStar, the innovative spirit of our experienced and diverse workforce will continue to drive our success. Thank you for your continued support. Sincerely, Charles W. Ergen Chairman of the Board of Directors [This page intentionally left blank] Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019. OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . Commission File Number: 001-33807 EchoStar Corporation (Exact name of registrant as specified in its charter) Nevada 26-1232727 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 100 Inverness Terrace East, Englewood, Colorado 80112-5308 (Address of principal executive offices) (Zip Code) (303) 706-4000 Not Applicable (Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Class A common stock $0.001 par value The NASDAQ Stock Market LLC (Title of each class) (Name of each exchange on which registered) SATS (Ticker symbol) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer Accelerated filer Emerging growth company Non-accelerated filer Smaller reporting company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No As of June 30, 2019, the aggregate market value of Class A common stock held by non-affiliates of the registrant was $2.1 billion based upon the closing price of the Class A common stock as reported on the NASDAQ Global Select Market as of the close of business on that date. As of February 10, 2020, the registrant’s outstanding common stock consisted of 50,115,719 shares of Class A common stock and 47,687,039 shares of Class B common stock, each $0.001 par value. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement to be filed in connection with its 2020 Annual Meeting of Shareholders are incorporated by reference in Part III. [This page intentionally left blank] TABLE OF CONTENTS Disclosure Regarding Forward Looking Statements i PART I Item 1. Business 1 Item 1A. Risk Factors 14 Item 1B. Unresolved Staff Comments 33 Item 2. Properties 34 Item 3. Legal Proceedings 34 Item 4. Mine Safety Disclosures 34 PART II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 35 Item 6. Selected Financial Data 36 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A. Quantitative and Qualitative Disclosures about Market Risk 62 Item 8. Financial Statements and Supplementary Data 63 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 64 Item 9A. Controls and Procedures 64 Item 9B. Other Information 65 PART III Item 10. Directors, Executive Officers and Corporate Governance 66 Item 11. Executive Compensation 66 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 66 Item 13. Certain Relationships and Related Transactions, and Director Independence 66 Item 14. Principal Accounting Fees and Services 66 PART IV Item 15. Exhibits, Financial Statement Schedules 67 Item 16. Form 10-K Summary 73 Signatures 74 Index to Consolidated Financial Statements F-1 [This page intentionally left blank] DISCLOSURE REGARDING FORWARD LOOKING STATEMENTS This Annual Report on Form 10-K (“Form 10-K”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about our estimates, expectations, plans, objectives, strategies, financial condition, expected impact of regulatory developments and legal proceedings, opportunities in our industries and businesses and other trends and projections for the next fiscal quarter
Load more

Recommended publications
  • Get the Data Slides
    Pg. 1 Mood of the Country Still Not Recovered American's Feelings In Light of Current Events March 2020-Present Concerned Worried Anxious 70% 70% 70% 60% 60% 60% 50% 50% 50% 40% 40% 40% 30% 30% 30% 20% 20% 20% 10% 10% 10% 0% 0% 0% Mar Apr May Jun July Aug Sep Oc t Nov Dec Jan Feb Mar Apr Mar Apr May Jun July Aug Sep Oc t Nov Dec Jan Feb Mar Apr Mar Apr May Jun July Aug Sep Oc t Nov Dec Jan Feb Mar Apr 20 20 20 20 20 20 20 20 20 20 21 21 21 21 20 20 20 20 20 20 20 20 20 20 21 21 21 21 20 20 20 20 20 20 20 20 20 20 21 21 21 21 Cautious Hopeful Optimistic 70% 70% 70% 60% 60% 60% 50% 50% 50% 40% 40% 40% 30% 30% 30% 20% 20% 20% 10% 10% 10% 0% 0% 0% Mar Apr May Jun July Aug Sep Oc t Nov Dec Jan Feb Mar Apr Mar Apr May Jun July Aug Sep Oc t Nov Dec Jan Feb Mar Apr Mar Apr May Jun July Aug Sep Oc t Nov Dec Jan Feb Mar Apr 20 20 20 20 20 20 20 20 20 20 21 21 21 21 20 20 20 20 20 20 20 20 20 20 21 21 21 21 20 20 20 20 20 20 20 20 20 20 21 21 21 21 BASE: n=1,001 Pg. 2 Q210: Please select the words below that best describe the way you feel right now in light of current events.
    [Show full text]
  • Complaint : U.S. Et Al., V. Echostar Communications Corp. Et Al
    IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA ____________________________________ ) UNITED STATES OF AMERICA ) United States Department of Justice ) Antitrust Division ) 1401 H Street, N.W., Suite 8000 ) Washington, DC 20530, ) ) CASE NUMBER 1:02CV02138 STATE OF MISSOURI ) Missouri Attorney General’s Office ) JUDGE: Ellen Segal Huvelle P.O. Box 899 ) Jefferson City, MO 65102, ) DECK TYPE: Antitrust ) STATE OF ARKANSAS ) DATE STAMP: 10/31/2002 Office of the Attorney General ) Antitrust Division ) 323 Center Street, Suite 200 ) Little Rock, Arkansas 72201, ) ) STATE OF CALIFORNIA ) California Department of Justice ) Ronald Reagan Building ) 300 S. Spring St., Suite 5N ) Los Angeles, CA 90013, ) ) STATE OF CONNECTICUT ) Office of the Attorney General ) 110 Sherman Street ) Hartford, CT 06105, ) ) STATE OF HAWAII ) Department of the Attorney General ) 425 Queen Street ) Honolulu, Hawaii 96813, ) ) STATE OF IDAHO ) Office of Attorney General ) P.O. Box 83720 ) Boise, Idaho 83720-0010, ) ) STATE OF ILLINOIS ) Office of the Attorney General ) James R. Thompson Center ) 100 W. Randolph Street, 13th Floor ) Chicago, IL 60601, ) ) STATE OF IOWA ) Department of Justice ) Hoover Office Building, 2nd Floor ) Des Moines, IA 50319, ) ) COMMONWEALTH OF KENTUCKY ) 1024 Capital Center Drive ) Frankfort, KY 40601, ) ) STATE OF MAINE ) Office of the Attorney General ) 6 State House Station ) Augusta, Maine 04333, ) ) COMMONWEALTH OF ) MASSACHUSETTS ) Office of the Attorney General ) One Ashburton Place, 19th Floor ) Boston, MA 02108, ) ) STATE OF MISSISSIPPI ) P.O. Box 22947 ) Jackson, MI 39225, ) ) STATE OF MONTANA ) P.O. Box 200501 ) Helena, MT 59620-0501, ) ) STATE OF NEVADA ) Office of the Attorney General ) 1000 East William Street ) Suite 200 ) Carson City, Nevada 89701, ) ) STATE OF NEW YORK ) Office of the Attorney General ) 120 Broadway, 26C ) New York, New York 10271, ) ) STATE OF NORTH CAROLINA ) Department of Justice ) P.O.
    [Show full text]
  • AT&T Benefits
    GET STARTED CONTACT INFO Where to go for COPIES AND CLAIMS more information Important Benefits Contacts � January 2017 OTHER NIN: 78-39607 Please keep this document for future reference GET STARTED Contents Important Information This document is a one-stop reference guide Distribution About this document Distributed to all employees and Agent for service of process for frequently called numbers, websites and other eligible former employees How do I look up a contact (including LTD recipients) of all important AT&T benefits contact information. AT&T companies (excluding CONTACT INFO employees of AT&T Support Services Company, Inc.; Este documento contiene un aviso y la información bargained employees of AT&T COPIES AND CLAIMS Alascom, Inc., and international en Inglés. Si usted tiene dificultad en la comprensión employees not on U.S. payroll). de este documento, por favor comuníquese con Distributed to alternate payees OTHER and beneficiaries receiving AT&T Benefits Center, 877-722-0020. benefits from the retirement plans. This document replaces your existing Where to Go Distributed to COBRA participants, recipients of company-extended On the left side of each for More Information: Contact Information for coverage, surviving dependents page, you will find navigation and alternate recipients bars that allow you to quickly Employee Benefits Plans and Programs SMM dated (QMCSOs) of the populations noted above receiving benefits move between sections. January 2015. from the health and welfare plans. Where to go for more information | January 2017 1 Contents Important information ....................................... 5 PDF NAVIGATION: What action do I need to take? ................................... 5 How do I use this document? ....................................
    [Show full text]
  • Maxar Technologies with Respect to Future Events, Financial Performance and Operational Capabilities
    Leading Innovation in the New Space Economy Howard L. Lance President and Chief Executive Officer Forward-Looking Statement This presentation contains forward-looking statements and information, which reflect the current view of Maxar Technologies with respect to future events, financial performance and operational capabilities. The forward-looking statements in this presentation include statements as to managements’ expectations with respect to: the benefits of the transaction and strategic and integration opportunities; the company’s plans, objectives, expectations and intentions; expectations for sales growth, synergies, earnings and performance; shareholder value; and other statements that are not historical facts. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Any such forward-looking statements are subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this presentation. Additional information concerning these risk factors can be found in the Company’s filings with Canadian securities regulatory authorities, which are available online under the Company’s profile at www.sedar.com, the Company’s filings with the United States Securities and Exchange Commission, or on the Company’s website at www.maxar.com, and in DigitalGlobe’s filings with the SEC, including Item 1A of DigitalGlobe’s Annual Report on Form 10-K for the year ended December 31, 2016. The forward-looking statements contained in this presentation are expressly qualified in their entirety by the foregoing cautionary statements and are based upon data available as of the date of this release and speak only as of such date.
    [Show full text]
  • Echostar Annual Report Year Ended December 31, 2012 March 20, 2013
    NASDAQ: SATS 100 Inverness Terrace East Englewood, CO 80112 303.706.4000 | echostar.com EchoStar Annual Report Year Ended December 31, 2012 March 20, 2013 Dear EchoStar Corporation Shareholders; 2012 was a very busy year for EchoStar. One of the most exciting accomplishments for 2012 was the addition of two new satellites to our growing fleet through the successful launches of EchoStar XVI and EchoStar XVII, bringing our total number of owned, leased and managed spacecraft to twenty-two. EchoStar operates the world’s fourth largest commercial geostationary satellite fleet and we continue to solidify our position as a premier global leader in satellite communications and operations. EchoStar ended 2012 with revenue of $3.1 billion, a growth of 13% over 2011. EBITDA in 2012 was $794 million, a growth of 64% over 2011. We generated a healthy $508 million of cash from operating activities in 2012 as a result primarily of the strong net income in 2012 and ended the year with a strong balance sheet with $1.5 billion of cash and marketable securities. EchoStar reached two very important long-term North America goals in 2012 with the market implementation of the HughesNet Gen4 service and the roll-out of the Hopper Whole Home DVR solution for DISH. Both solutions are garnering high praise and rapid adoption by consumers, a glowing testament to the capabilities and ingenuity of the EchoStar team. Additional notable accomplishments for 2012 include the very successful introduction of two new Slingbox retail products, several large enterprise contract renewals and new customers for Hughes data network services around the globe, and above-forecast sales of set-top-box products and video services to our established operator customers.
    [Show full text]
  • Realizing Resilient Tactical Networks with Maximum Government Control on High-Throughput Satellites
    WHITE PAPER Realizing Resilient Tactical Networks with Maximum Government Control on High-throughput Satellites 1 Wide-beam connectivity is an essential aspect of military satellite communications and High Throughput Satellite (HTS) technology is proving to be ideally suited for many Government applications. While most satellite operators offer closed HTS architectures that are vendor-locked with very little control offered to users, the Intelsat Epic Next Generation (Epic) HTS architecture is enterprise- grade, open architecture and vendor-agnostic. Intelsat Epic allows Government and military access to bandwidth-efficient, higher data throughputs on a global-scale via a wide variety of user-chosen waveforms, modems and antennas. Intelsat is proud to present the next generation of satellite communications that features higher data throughput rates and security while offering cost-efficiencies across the board. Introduction High Throughput Satellites (HTS) have been the center of solutions. Interoperability between the various military attention for the past five years. It is important to note that branches, allied, and coalition forces continues to be a most of these systems have been purpose-built solutions to challenge. Finally, most military and government users require service homogeneous sets of users via closed architectures. operational coverage in remote and austere regions such Systems such as ViaSat Exede, Inmarsat Global Express, Hughes as deserts, jungles, and oceans—well outside of population Jupiter, and Eutelsat KA-SAT require new investments in centers for which these closed architectures are optimized. proprietary modem technologies and service architectures. These closed systems offer star-only connectivity and keep With the disconnects between these closed HTS solutions and quality of service control with the service provider, not the end the challenges faced by the Government, it is no wonder that users.
    [Show full text]
  • APSCC Monthly E-Newsletter JANUARY 2017
    APSCC Monthly e-Newsletter JANUARY 2017 The Asia-Pacific Satellite Communications Council (APSCC) e-Newsletter is produced on a monthly basis as part of APSCC’s information services for members and professionals in the satellite industry. Subscribe to the APSCC monthly newsletter and be updated with the latest satellite industry news as well as APSCC activities! To renew your subscription, please visit www.apscc.or.kr/sub4_5.asp. To unsubscribe, send an email to [email protected] with a title “Unsubscribe.” News in this issue has been collected from 1 to 31 December 2016. INSIDE APSCC APSCC Session at PTC'17, What do End Users Actually Want? 16 January 2017, Honolulu, Hawaii, USA, www.ptc.org/ptc17 While new technology is good, as are lower prices, are we actually meeting end user needs in the Pacific? Why/why not? What is being provisioned now and future? What gaps we must fill? Where does the satcom model fall short? The session, “What do End Users Actually Want?” would discuss end user needs across various applications and markets. Pierre-Jean Beylier, CEO, SpeedCast Richard Swardh, SVP, Comtech EF Data Imran Malik, RVP, O3b Networks Jacques-Samuel Prolon, General Manager, Kacific Broadband Satellites Moderated by Chris Baugh, President, NSR APSCC members can enjoy discounted rate when PTC’17 registration. Gregg Daffner Elected as APSCC President Gregg Daffner (CEO, GapSat) was elected and inaugurated as the President of APSCC at the 2016 APSCC General Assembly held on 13 December 2016. As the main representative of APSCC, Gregg will be responsible for setting the policies and goals of APSCC in consultation with the APSCC Board of Directors, Vice Presidents and Executive Director.
    [Show full text]
  • Satellite Industry Association Comments in Docket No
    June 7, 2021 Via E-Mail Attn: Diane Steinour National Telecommunications and Information Administration 1401 Constitution Ave NW Room 4701 Washington, DC 20230 Re: Satellite Industry Association Comments in Docket No. 210503–0097 Dear Ms. Steinour, The Satellite Industry Association (SIA)1 hereby provides its comments in the Telecommunications/ICT Development Activities, Priorities and Policies To Connect the Unconnected Worldwide in Light of the 2021 International Telecommunication Union (ITU) World Telecommunication Development Conference (WTDC–21) proceeding referenced above (hereinafter, RFC).2 SIA is a U.S.- based trade association representing the leading satellite operators, manufacturers, launch providers, and ground equipment suppliers who serve commercial, civil, and military markets. The satellite industry has a long history of supporting ICT development activities and providing connectivity to unserved and underserved communities worldwide, and fully supports the efforts of the Administration, the Department of Commerce (DOC) and the National Telecommunications and Information Administration (NTIA) in this area. 1. ICT Development Priorities a. Over the next five years, what should the U.S. government priorities be for telecommunications/ICT development? b. Are there particular areas of focus for economic development, as well as telecommunications/ICT development that might help the United States align with developing countries’ development interests? c. What are valuable venues, forums, or methods to focus this work? 1 SIA
    [Show full text]
  • Echostar DBS Corporation
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2004 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 333-31929 EchoStar DBS Corporation (Exact name of registrant as specified in its charter) Colorado 84-1328967 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 9601 South Meridian Boulevard Englewood, Colorado 80112 (Address of principal executive offices) (Zip code) (303) 723-1000 (Registrant’s telephone number, including area code) Not Applicable (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark whether the registrant is an accelerated filer (as defined by Rule 12b-2 of the Exchange Act). Yes [ ] No [X] As of July 30, 2004, the Registrant’s outstanding common stock consisted of 1,015 shares of Common Stock, $0.01 par value. The Registrant meets the conditions set forth in General Instruction (H)(1)(a) and (b) of Form 10-Q and is therefore filing this Form 10-Q with the reduced disclosure format.
    [Show full text]
  • Spectrum and the Technological Transformation of the Satellite Industry Prepared by Strand Consulting on Behalf of the Satellite Industry Association1
    Spectrum & the Technological Transformation of the Satellite Industry Spectrum and the Technological Transformation of the Satellite Industry Prepared by Strand Consulting on behalf of the Satellite Industry Association1 1 AT&T, a member of SIA, does not necessarily endorse all conclusions of this study. Page 1 of 75 Spectrum & the Technological Transformation of the Satellite Industry 1. Table of Contents 1. Table of Contents ................................................................................................ 1 2. Executive Summary ............................................................................................. 4 2.1. What the satellite industry does for the U.S. today ............................................... 4 2.2. What the satellite industry offers going forward ................................................... 4 2.3. Innovation in the satellite industry ........................................................................ 5 3. Introduction ......................................................................................................... 7 3.1. Overview .................................................................................................................. 7 3.2. Spectrum Basics ...................................................................................................... 8 3.3. Satellite Industry Segments .................................................................................... 9 3.3.1. Satellite Communications ..............................................................................
    [Show full text]
  • The Annual Compendium of Commercial Space Transportation: 2012
    Federal Aviation Administration The Annual Compendium of Commercial Space Transportation: 2012 February 2013 About FAA About the FAA Office of Commercial Space Transportation The Federal Aviation Administration’s Office of Commercial Space Transportation (FAA AST) licenses and regulates U.S. commercial space launch and reentry activity, as well as the operation of non-federal launch and reentry sites, as authorized by Executive Order 12465 and Title 51 United States Code, Subtitle V, Chapter 509 (formerly the Commercial Space Launch Act). FAA AST’s mission is to ensure public health and safety and the safety of property while protecting the national security and foreign policy interests of the United States during commercial launch and reentry operations. In addition, FAA AST is directed to encourage, facilitate, and promote commercial space launches and reentries. Additional information concerning commercial space transportation can be found on FAA AST’s website: http://www.faa.gov/go/ast Cover art: Phil Smith, The Tauri Group (2013) NOTICE Use of trade names or names of manufacturers in this document does not constitute an official endorsement of such products or manufacturers, either expressed or implied, by the Federal Aviation Administration. • i • Federal Aviation Administration’s Office of Commercial Space Transportation Dear Colleague, 2012 was a very active year for the entire commercial space industry. In addition to all of the dramatic space transportation events, including the first-ever commercial mission flown to and from the International Space Station, the year was also a very busy one from the government’s perspective. It is clear that the level and pace of activity is beginning to increase significantly.
    [Show full text]
  • 2017 Annual Report
    ANNUAL REPORT YEAR ENDING DECEMBER 31, 2017 A Nasdaq-100 Company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¶VKLVWRULFDOO\ORZSD\79VDWLVIDFWLRQZLWK³7XQHG,Q7R<RX´D',6+79SURPLVHWROLVWHQWRDQG ILJKWIRUFXVWRPHUV:HLQWURGXFHGZKROHKRPHKDQGVIUHH79DVWKHILUVWSD\79SURYLGHUWRLQWHJUDWH$OH[DYRLFHFRQWURO $VWKH\HDUFORVHG',6+79ZDVUDQNHGLQ&XVWRPHU6HUYLFHQDWLRQDOO\E\-'3RZHUDQGRXUFXVWRPHUV 6OLQJ79ZDVWKHILUVWDQGUHPDLQVWKHOHDGLQJOLYHDQGRQGHPDQGVWUHDPLQJVHUYLFH:HEXLOWDGLIIHUHQWPRGHOWKDWJLYHV
    [Show full text]