...the quarter ended September 30, 2012. For continuing operations, third quarter operating earnings1 were $28 million ($0.89 per share) on revenues of $171 million. This is compared to operating earnings of $30 million ($0.73 per share) and revenues of $182 million for the third quarter of 2011. Net earnings this quarter were $41 million ($1.30 per share) compared to $41 million ($0.98 per share) for the third quarter of last year.

Funded order backlog at September 30, 2012 was $752 million (June 30, 2012 - $656 million). Orders booked during the third quarter included contracts to provide the communications payload solution for the HYLAS-3 satellite and to extend surveillance services for the Australian Defence Force. The Company continues to work on the communications payload solution for the AMOS-6 satellite under an authorization to proceed as the terms of the contract are being finalized.

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