Orbiting Wall Street
PA & NSE Intelsat threw the satellite industry a curveball when it announced that it agreed to acquire Panamsat for $3.2 billion to create the world’s largest Fixed Satellite Services...
Author: Staff Writer
Loral Targets Oct. 1 To Emerge From Bankruptcy
PARIS–Loral Space and Communications expects to emerge from bankruptcy Oct. 1, Bernard Schwartz, the company’s chairman and CEO, said Sept. 7. The last remaining hurdle for Loral is to file...
Singapore Technologies Engineering Acquires iDirect For $165 Million
Communication network equipment provider iDirect Technologies Inc. agreed to be acquired by Singapore Technologies Engineering Ltd. for $165 million in cash. “This business acquisition will help us in many different...
Military Use Of Commercial Transponders To Dip In 2006-2007, Reach Record Heights By 2014
PARIS—The number of commercial transponders leased for military satellite communications services will dip slightly beginning in the 2006-2007 timeframe as new U.S. military systems become operational. But the demand will...
Sea Launch Inks Second Land Launch Deal With Panamsat
Sea Launch Co. said Sept. 6 it signed an agreement with Panamsat for the launch of the Horizons-2 satellite using the Land Launch system. It is the second Land Launch...
ILS Inks New Launch Contract With DirecTV
International Launch Services (ILS) announced Sept. 6 it signed a launch agreement with DirecTV. ILS will launch the satellite on a Proton/Breeze M rocket from the Baikonur Cosmodrome in Kazakhstan...
Discovery, Deutsche Welle Tap SES Americom For Program Delivery
SES Americom announced Sept. 8 that its Washington International Teleport (WIT) earth station and HD-Prime neighborhood aboard the AMC-10 and AMC-11 satellites have been selected to monitor and distribute all...
Worldspace Revenues Increase, Loss Narrows
Worldspace Inc. reported increased revenues and a narrowing of its losses for the second quarter 2005. For the quarter, the company reported revenues of $2.3 million, a 21 percent increase...
Satellite Companies Continue To Contribute To Katrina Recovery Efforts
Several companies announced Sept. 8 they would be providing assistance to Katrina relief efforts in the Gulf area: EMS Technologies Inc. said it is supplying communications hardware to support restoring...
Raytheon Nabs National Weather Service Contract
The National Oceanic and Atmospheric Administration‘s National Weather Service awarded Raytheon Co. a contract to provide operations and maintenance for the Advanced Weather Interactive Processing System (AWIPS), a nationwide operational...