Archive

Artemis has finally reached geostationary orbit, some 36,000 kilometers above the Earth, at 21.5 degreesE, the European Space Agency announced Friday. The satellite was orginally launched July 12, 2001, into...

Orbital Sciences Corp. [NYSE: ORB] has been awarded a major contract by the U.S. Air Force to provide space launch and missile defense target vehicles using deactivated Peacekeeper ICBM assets...

New Valley Corp. [Nasdaq: NVAL], a company that offered to provide bankrupt Globalstar with $55 million in debtor-in-possession (DIP) financing to gain majority control, failed in its bid to proceed...

Mobile satellite operators should benefit from a Federal Communications Commission decision to let them add wireless capabilities as ancillary terrestrial component (ATC) services. High-profile business failures by mobile satellite services...

Don’t miss the world’s largest satellite industry conference and exhibition! SATELLITE 2003 February 26 – 28, 2003 Washington Convention Center Washington, DC http://www.satellite2003.com SATELLITE 2003 is the industry event where...

AOL Time Warner this week sold its 8.4 percent stake in Hughes Electronics for around $800 million. AOL sold the stake in Hughes–parent of DirecTV, Hughes Network Systems, and PanAmSat...

New Skies Satellites [NYSE: NSK] has signed a multi-year, multi-transponder deal with Indian telecom company Reliance Infocomm, enabling Reliance to offer international long-distance telephone services to the United States. The...

The government of Norway has agreed to purchase $15 million Canadian (US$9.8 million) worth of RADARSAT-2 data. Under the agreement, the first of its kind in Europe, Norway has committed...

Canada’s Norsat International Inc. [NSAT; NII], a designer and marketer of satellite products for high-speed data transmission, sold a specialized terminal to an unidentified New York-based broadcaster, company officials said....

Washington D.C.-based XM Satellite Radio Inc. [Nasdaq: XMSR] took a big step toward gaining the financial breathing room it needed this week by closing on its previously announced $475 million...