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Inmarsat Plc : Inmarsat announces Satcom Direct as Distributor of GX Aviation

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05/20/2013 | 07:52am EDT

20 May 2013: Inmarsat (LSE:ISAT.L), the world's leading provider of mobile satellite communications services, has today announced it will be working with Satcom Direct, the provider of satellite voice, fax, datalink and Internet communications solutions, to take its GX Aviation proposition to the business aviation market.

Responding to passenger, airline and business jet operators' needs, GX Aviation offers consistent, global coverage with the level of broadband speeds, data rates and bandwidth that consumers are used to receiving on the ground. After signing an agreement with Honeywell, the designated business aviation reseller for Inmarsat's GX Aviation Ka-band connectivity services, Satcom Direct has become a business aviation partner for Inmarsat GX Aviation services and will be a distributor of GX Avionics equipment manufactured by Honeywell.

"Satcom Direct is a very important Inmarsat partner, so we are delighted that they will be adding our GX Aviation services to their product portfolio which includes Inmarsat's SwiftBroadband for the business aviation sector," said Leo Mondale, Managing Director for Inmarsat GX. "As the first high-speed global broadband aviation service, GX Aviation offers consistent connectivity, including the ability to stream Internet content live or hold uninterrupted video calls from 30,000 feet. The service will revolutionize connectivity in the sky."

Offering not only a premium experience to consumers, GX Aviation enables total network provision for the entire aircraft, providing new services to aircraft operators, crew and air traffic control, such as predictive maintenance and enhanced communications regardless of location. Inmarsat's GX Aviation Ka-band is scheduled to be commercially available in early 2015.

Media contact for Inmarsat

Susie Burnett
Tel: +44 (0)20 7932 1867

About Inmarsat

Inmarsat plc is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. Inmarsat employs around 1,600 staff in more than 60 locations around the world, with a presence in the major ports and centres of commerce on every continent. Inmarsat is listed on the London Stock Exchange (LSE:ISAT.L).

About Satcom Direct

Satcom Direct is the leading provider of satellite voice and broadband data solutions for flight deck and cabin communications serving business, military, government, and heads of state aircraft. The company is a premier Inmarsat Distribution Partner, Iridium Service Partner, and ViaSat Yonder's preferred reseller, supporting more than ninety percent of all corporate flight departments worldwide. Satcom Direct continues to advance its services through mobile applications and value adds - from flight deck datalink to cabin communications - making Satcom Direct the leader in aeronautical satcom service. For more information regarding Satcom Direct, visit www.satcomdirect.com, e-mail sales@satcomdirect.com, or call +1.321.777.3000. To view Satcom Direct's portable satellite communication equipment and services, including satellite phones and BGAN units, visit www.satcomstore.com, e-mail mobileops@satcomdirect.com, or call +1.321.777.0771.

About Honeywell

Based in Phoenix, Arizona, Honeywell's aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges.www.honeywellnow.com.

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Financials ($)
Sales 2019 1 383 M
EBIT 2019 182 M
Net income 2019 69,0 M
Debt 2019 1 911 M
Yield 2019 3,99%
P/E ratio 2019 39,78
P/E ratio 2020 28,70
EV / Sales 2019 3,33x
EV / Sales 2020 3,15x
Capitalization 2 692 M
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