Archive

Globecomm Forges Three Agreements With Partners

Globecomm Systems [Nasdaq: GCOM], a provider of end-to-end satellite-based communications, entered into three agreements that involve two satellite equipment contracts for $2.3 million and a separate deal to turn OneTouch...

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...