Insiders Insight By Roger Rusch
Lessons Learned from Iridium, ICO, and Globalstar – Part 3 The aerospace industry has been notorious for over-runs on government programs. However, the commercial space industry has been operated like...
Month: September 2000
Orbcomm Woes Likely To Not Have A Dramatic Effect On Orbital
It seems like Wall Street was ready for Orbcomm’s filing for Chapter 11 Bankruptcy protection, at least in terms of how it affected one of its parent companies – Orbital...
Lockheed Martin Sells One-third Of Its Inmarsat Equity For More Than $100 Million
Lockheed Martin Corp. [LMT] has agreed to sell about one-third of its equity interest in Inmarsat Ventures Ltd. to Telenor, the largest Norwegian carrier, for more than $100 million. Lockheed...
ACeS's Garuda 1 Satellite Capacity Appears Limited By Antenna 'Anomaly'
The calling capacity of the Asia Cellular Satellite’s Garuda 1 mobile services satellite “is likely to be limited by an antenna-related anomaly discovered…during testing by its manufacturer, Lockheed Martin Corp.”...
Globalstar Secures An Additional $105 Million In Financing
In another shrewd financing move by Globalstar Telecommunications Ltd. [GSTRF], the company has secured an additional $105 million. The company earlier this week (Sept. 19) announced that it has entered...
Gilat-To-Home Changes Its Name To StarBand Communications
Gilat-To-Home Inc. has a new name, StarBand Communications, but its plan to become America’s first consumer, two-way, high-speed satellite Internet service remains the same. The McLean, Va.-based company said the...
A Conversation With Mobile Satellite Users Association President Ahmad Ghais
The Mobile Satellite Users Association is an industry organization representing the users of mobile satellite services. The group is hosting its first users conference in Crystal City, Va., just outside...
Hughes Will Build Three More Satellites, Modify 11 For New ICO
Hughes Space and Communications Co. [GMH] will build at least three additional satellites for New ICO, the reorganized and refinanced company that has emerged from the bankrupt ICO Global Communications....
Satellite Industry Faces Next LEO Bankruptcy
Orbcomm Files For Voluntary Chapter 11 Bankruptcy Protection In a move that should have come as no surprise to industry observers, Orbcomm Global L.P. [ORB] voluntarily filed for Chapter 11...
NEWS BYTES...
Rupert Murdoch has, after several failed attempts, succeeded in getting a foothold in Germany’s radio market. The US-Australian media entrepreneur whose News Corp so far was only active in Germany’s...