• Preliminary fourth quarter revenue of $571.3 million; preliminary full year 2015 revenue of $2,352.5 million
• Expects to incur a non-cash impairment charge resulting in a substantial reduction of our $6.8 billion goodwill and other intangible assets
• Preliminary fourth quarter net income attributable to Intelsat S.A. of $49.1 million, prior to the effect of any impairments; preliminary full year 2015 net income attributable to Intelsat S.A. of $242.0 million, prior to the effect of any impairments
• $9.4 billion contracted backlog provides visibility for future revenue and cash flow
• Reports open market purchase of approximately $25 million of Intelsat Luxembourg Senior Notes due 2018
• Intelsat EpicNG satellite era begins, following successful launch and orbit raising of Intelsat 29e
  Intelsat issues 2016 Guidance

Luxembourg | February 22, 2016– Intelsat S.A. (NYSE: I), the world’s leading provider of satellite services, today announced preliminary financial results for the three months and full year ended December 31, 2015.

Intelsat reported preliminary total revenue of $571.3 million for the three months ended December 31, 2015.

The company expects to incur a non-cash impairment charge resulting in a substantial reduction of our $6.8 billion goodwill and other intangible assets. The charges primarily reflect a reduction to the goodwill value established as a result of the acquisition of Intelsat in 2008.

At present, we believe this process will be completed in the next two weeks after which we would expect to file our Annual Report on Form 20-F for the year ended December 31, 2015.

All three months ended and year ended 2015 financial information provided in this release is preliminary and presented prior to giving effect to any impairment charges we ultimately incur.

The company reported preliminary net income attributable to Intelsat S.A. to be $49.1 million, or $0.42 per share on a diluted basis, prior to the effect of any impairments, for the three months ended December 31, 2015. Preliminary adjusted net income per diluted common share1 is $0.55, prior to the effect of any impairments, for the three months ended December 31, 2015.

Intelsat S.A. reported preliminary EBITDA1, or earnings before net interest, gains on early extinguishment of debt, taxes and depreciation and amortization, of $443.5 million, prior to the effect of any impairments, and preliminary Adjusted EBITDA1, of $452.6 million, or 79 percent of revenue, prior to the effect of any impairments, for the three months ended December 31, 2015.

For the year ended December 31, 2015, Intelsat reported preliminary total revenue of $2,352.5 million and preliminary net income attributable to Intelsat S.A of $242.0 million, or $2.06 per share on a diluted basis, prior to the effect of any impairments. The company reported preliminary adjusted net income per diluted common share to be $2.80, prior to the effect of any impairments, for the year ended December 31, 2015. Intelsat also reported preliminary EBITDA of $1,818.4 million, and Adjusted EBITDA of $1,854.5 million, or 79 percent of revenue, prior to the effect of any impairments, for the year ended December 31, 2015.

Intelsat Chief Executive Officer, Stephen Spengler said, “With Intelsat 29e successfully launched and now completing in-orbit testing, a new era for Intelsat has begun. The higher performance, improved economics and simple access of Intelsat EpicNG is unlocking new sources of demand for our global network. Our top priorities include placing the Intelsat EpicNG and other satellites in our launch program into service and introducing data networking services that leverage our scale and global reach. We are also advancing further innovations in new antenna and networking hardware that will open new applications for Intelsat, such as the connected car. These three initiatives will propel us into attractive new markets and expand our leadership in large and fast-growing applications, such as mobility. Over time, these opportunities should eclipse the challenging environment we are seeing today.”

“With $2.35 billion in revenue and $1.85 billion in Adjusted EBITDA, prior to the effect of any impairments, in 2015 we delivered on plan for the year,” continued Mr. Spengler. “Performance by customer set was generally as expected, with network services meeting guidance, the government sector outperforming and our media business falling slightly short of our plan. While ongoing headwinds will continue to impact our business in 2016, the launches of Intelsat 29e, Intelsat 31, Intelsat 36, and Intelsat 33e during this period will position us for a return to growth.”

Mr. Spengler added, “Our backlog continues to provide the visibility into future revenue and cash flows that allows us to invest in our fleet and pursue our long-term business strategy. Year-end 2015 backlog of $9.4 billion was four times annual revenue.”

To read the full version of the earnings release, including detailed financial results, please download the Earnings Release.

To read the new Quarterly Commentary, including business trends, please download the Quarterly Commentary.

• Aerospace sales up 6% in quarter driven by Electrical Power & Motion products
• Realized record annual sales of $692 million and record net income of $67 million in 2015
• Achieved record annual Aerospace sales of $550 million, up 11.1% over 2014
• 2016 sales guidance revised to $665 million to $725 million
East Aurora, NY | February 17, 2016– Astronics Corporation (NASDAQ: ATRO), a leading supplier of products to the global aerospace, defense, and semiconductor industries, today reported financial results for the fourth quarter and year ended December 31, 2015. Earnings per share for all periods presented are adjusted for the 3 for 20 (15%) distribution of Class B Stock for shareholders of record on October 8, 2015.

Peter J. Gundermann, President and Chief Executive Officer, commented, “Fourth quarter revenue was somewhat lighter than we expected, because some anticipated Aerospace deliveries slid out of the year and into 2016. Still, the quarter capped off a very strong year for our Company, one in which we set numerous records for financial performance, including record sales and record profits. We made solid progress in the year with our capabilities and our customer relationships, setting us up well for continued success in the future.”

Click here to download the entire release and accompanying financial tables.

• 2015 first quarter diluted earnings per share was $0.47 vs. $0.33 in 2014 first quarter
• First quarter Aerospace segment sales, bookings and backlog reached new records of $142.4 million, $141.1 million and $234.0 million, respectively
• Consolidated organic sales grew 9.9%, organic Aerospace segment sales were up 10.9%

East Aurora, NY | May 12, 2015– Astronics Corporation (NASDAQ: ATRO), a leading supplier of products to the global aerospace, defense, electronics and semiconductor industries, today reported financial results for the first three months ended April 4, 2015.

Consolidated Review

First Quarter 2015 Results

Peter Gundermann, CEO of Astronics, said “Our first quarter was largely as anticipated. Performance in our Aerospace segment was strong and steady, while our Test Systems segment dealt with an adverse combination of product mix and delivery schedules. We expect Test shipments to improve dramatically in the coming quarters, particularly in the third quarter, resulting once again in new records. All in all, we view our first quarter results as a solid start to the year.”

Consolidated sales for the first quarter of 2015 increased 14.7% to $161.6 million compared with $141.0 million for the same period last year. First quarter 2014 sales included four weeks of activity for Astronics Test Systems, Inc. (“ATS”), which was acquired on February 28, 2014. The 2015 first quarter included incremental sales of $6.6 million from Armstrong Aerospace, Inc. (“Armstrong”), acquired on January 14, 2015, while organic sales increased $14.0 million, or 9.9% to $155.0 million. Aerospace segment sales increased $19.9 million to $142.4 million and Test Systems segment sales increased $0.7 million to $19.3 million.

Consolidated gross margin was 24.8% compared with 21.3% in the first quarter of 2014. The expanded margin primarily was due to $8.7 million related to inventory step-up expense in the first quarter of 2014, compared with $0.6 million in the first quarter of 2015. Engineering and development (“E&D”) costs were $22.2 million, which included an incremental $1.9 million for ATS and $1.3 million for Armstrong. E&D costs in the prior year’s first quarter were $17.2 million.

Selling, general and administrative (“SG&A”) expenses were $22.6 million, or 14.0% of sales, compared with $16.4 million, or 11.6% of sales, in the same period last year. The increase was due primarily to the incremental SG&A costs of ATS and Armstrong, which added $3.1 million to SG&A in the first quarter of 2015, including $0.8 million of amortization expense for acquired intangible assets of those businesses. Additionally, higher SG&A expense reflects increased headcount and compensation costs to support growth.

Diluted earnings per share for the 2015 first quarter were $0.47 compared with $0.33 in the same period last year.

First Quarter 2015 Webcast and Conference Call

The Company will host a teleconference today at 11:00 a.m. EST. During the teleconference, Peter J. Gundermann, President and CEO, and David C. Burney, Executive Vice President and CFO, will review the financial and operating results for the period and discuss Astronics’ corporate strategy and outlook. A question-and-answer session will follow.

The Astronics conference call can be accessed by calling (201) 689-8562. The listen-only audio webcast can be monitored at www.astronics.com. To listen to the archived call, dial (858) 384-5517 and enter conference ID number 13607337. The telephonic replay will be available from 2:00 p.m. EST on the day of the call through Tuesday, May 19, 2015. A transcript of the call will also be posted to the Company’s Web site once available.