Intelsat S.A. I, -10.25% said late Thursday it has lost one of its satellites, made by Boeing Co. BA, -2.97%, after an incident earlier this month. An "anomaly" previously disclosed "has resulted in the total loss of the Intelsat 29e spacecraft," the satellite company said. A review board has been convened to go over the incident alongside Boeing, Intelsat said. The Intelsat 29e propulsion system leaked on April 7, resulting in a service disruption to customers on the satellite, the company said. While working to recover the satellite, a second problem occurred "after which all efforts to recover the satellite were unsuccessful," the company said. Restoration paths on other Intelsat satellites and third-party satellites have been provided for a majority of the disrupted services. Shares on Intelsat fell 1.8% in the extended session after ending the regular trading day up 1.4%. Boeing shares were flat after closing 0.7% higher on Thursday.
Communications satellite services provider Intelsat has revealed it has lost its Boeing-made one spacecraft after efforts to recover it were unsuccessful. A leak from the device's propulsion system on 7 April disrupted service from the satellite and, while working to fix the issue, an "anomaly" led to a second malfunction occurring, which resulted in the "total loss" of the craft, according to the Luxembourg-based company. The firm has set up a review board in conjunction with Boeing to investigate the incident, while satellites from Intelsat and third-parties are filling in for most of the disrupted services.