|
Three Months Ended |
|
Six Months Ended |
|||||||||||||
|
June 30, |
|
June 30, |
|||||||||||||
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|||||||||
($ millions) |
|
|
|
|
||||||||||||
Revenues |
$ |
278 |
|
$ |
263 |
|
$ |
549 |
|
$ |
517 |
|
||||
Adjusted EBITDA |
$ |
146 |
|
$ |
124 |
|
$ |
279 |
|
$ |
249 |
|
||||
Adjusted EBITDA Margin |
|
52.5 |
% |
|
47.1 |
% |
|
50.8 |
% |
|
48.2 |
% |
||||
For the three months ended June 30, 2020, Earth Intelligence segment revenues increased to $278 million from $263 million, or by $15 million, compared to the same period of 2019. The increase was primarily driven by a $10 million increase in revenue from international defense and intelligence customers and $5 million in revenue growth from new contract awards and expansion of existing programs within the U.S. government. Revenue from international customers increased due to a new direct access facility which became operational and contracts that signed in the second half of 2019.
Adjusted EBITDA increased to $146 million from $124 million, or by $22 million, for the three months ended June 30, 2020, as compared to the same period of 2019. The increase was primarily driven by an increase in revenues, a decrease in service costs, and an increase in income related to our Vricon joint venture.
Space Infrastructure
|
Three Months Ended |
|
Six Months Ended |
|||||||||||||
|
June 30, |
|
June 30, |
|||||||||||||
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|||||||||
| ($ millions) |
|
|
|
|
||||||||||||
| Revenues |
$ |
184 |
|
$ |
181 |
|
$ |
316 |
|
$ |
391 |
|
||||
| Adjusted EBITDA |
$ |
11 |
|
$ |
7 |
|
$ |
(28 |
) |
$ |
5 |
|
||||
| Adjusted EBITDA Margin |
|
6.0 |
% |
|
3.9 |
% |
|
(8.9 |
) % |
|
1.3 |
% |
||||
