Another failed rocket last weekend prompted the launch program of Inmarsat’s Russian satellite to be delayed. The company reported that ILS, its launching service had blasted off a Proton Breeze space vehicle in Kazakhstan for the government of Mexico which contracted “a disabling anomaly” eight minutes into its flight. Both the rocket and the satellite were lost as a result.
This is the third launch failure in recent times for Inmarsat and consequently the company has scheduled an investigation. All Proton Breeze operations have been postponed until the investigation is complete. Inmarsat’s CEO Rupert Pearce said: “This incident involving a failed Proton launch from the Baikonur Cosmodrome is extremely unfortunate and will inevitably delay our launch plans for our third Global Xpress satellite.” The event has prompted Inmarsat to adjust its finance projections, stating that there would be a minor negative influence on the year’s earnings and revenue. The company’s adherence to an 8% – 12% compound yearly rate of growth for 2014 to 2016 was also suspended.