EADS To Cut 1,700 Jobs At Space Division
The European Aeronautic Defence and Space Co. [Amsterdam: EAD] is eliminating 1,700 jobs at its Space Division. The division reported a loss of 268 million euros ($296 million) in 2002...
Month: March 2003
Top Executives at Gilat Step Down
Gilat Satellite Networks [Nasdaq:GILTF] on Monday announced the resignations of its co-founders, Chairman and CEO Yoel Gat and President Amiram Levinberg. The resignations will take effect at the April meeting...
Rising Insurance Rates Inflict Pain
Insuring satellites and launchers is becoming increasingly difficult as underwriters charge ever-higher prices and insist upon broad exclusions for certain risks. Satellite operators and insurance brokers are looking for ways...
Export Missteps Spur Reforms
Hughes Electronics [GMH] and Boeing Satellite Systems, formerly Hughes Space and Communication (HSC), have agreed to jointly pay a $32 million penalty to the U.S. Department of State to resolve...
Satellite Firms Can Improve Security Through ECM
By Michelle Dickey The U.S. government’s National Institute of Standards and Technology (NIST) recently released a study indicating that software errors cost the U.S. economy $59.5 billion yearly. These findings...
Spotlight: M2sat and Thuraya Go Mobile
M2sat Ltd. and Thuraya Satellite Telecommunication Co. are teaming up to offer mobile broadband services at speeds of 192 Kbps to the international broadcasting industry and other high capacity users...
Hughes Ends Expensive Venture With AOL
Hughes Electronics [GMH] has avoided expenditures of up to $1 billion by terminating its broadband alliance with struggling America Online, a unit of AOL Time Warner [AOL]. Had Hughes maintained...
EchoStar Impresses Analysts With Performance
EchoStar Communications [DISH] won praise from Wall Street satellite analysts and may well have caught the attention of cable TV operators by netting approximately 400,000 new subscribers during the fourth...
The Satellite News Financial Ticker
Week of Feb. 28 – March 6, 2003 Percentage Change Symbol March 6 Price One Week One Month Three Month Year to Date Operators APT SATELLITE HLDGS ATS 1.60 2.6...
Ka-band Milestones Can Feel Like Millstones
WASHINGTON, D.C. – “Meet your milestones.” That was the message the Federal Communications Commission’s Thomas Tycz conveyed to executives from companies planning to offer Ka- band broadband satellite services at...