Inmarsat reiterated earnings guidance for the year 2016. The company reiterated most of its full year guidance for 2016, although it said that its capital expenditure for the year would be around USD 400 million, lower than the USD 500 million previously guided, as a result of the launch of its fourth GX satellite being delayed. However, it said at that time that it still expected revenue in 2016 of USD 1.18 billion to USD 1.25 billion for the 2016 excluding US contract Ligado. The company kept its 2018 revenue guidance of USD 1.45 billion to USD 1.60 billion.