Boeing Network and Space Systems president Roger Krone has said the company is in a “relatively healthy position” despite sequestration.
The space business is doing well because of new offerings and a strong commercial business the company can rely on when defense procurement goes down, according to an Aviation Week article.
“For us, the level of activity is higher than we have seen it historically,” Krone said.
The activity, is due in part to the new 702SP satellite which is all-electric and designed for communications in geosyncronous orbit.
Krone said the satellite has “opened up markets that we couldn’t have addressed two or three years ago.”
According to the article, 14 of Boeing’s most recent proposals the company has responded to have included the 702SP satellite.
Krone added that the company expects a shift toward lower weight satellites in both the public and private sector going forward.