Finance
July 26, 2024
L3Harris Space segment saw flat sales in the second quarter of 2024, while the Aerojet Rocketdyne acquisition contributed to revenue growth company-wide. L3Harris reported its second quarter results on July 26. Company-wide, revenue was up 13% year-over-year, primarily due to the Aerojet Rocketdyne acquisition. L3 Harris reported revenue of $5.3 billion during the second quarter. …
July 25, 2024
Northrop Grumman’s Space Systems segment posted the lowest growth rate among the company’s four segments in the second quarter of 2024, while leadership set expectations for flat Space sales this year. However, the Space segment improved its operating margin year-over-year by 14% in Q2. Northrop Grumman reported its second quarter results on July 25, posting…
July 23, 2024
Iridium Communications increased revenue by 4% in the second quarter of 2024 compared to the previous year with higher commercial revenue and higher government engineering revenue. The satellite operator reported its second quarter 2024 results on July 23, affirming its full-year guidance projecting service revenue growth between 4% and 6% for the full year. Also…
July 19, 2024
The founders of smallsat launcher Astra Space completed a deal to take the company private on July 18. Astra Space was one of the companies to go public in the special purpose acquisition company (SPAC) boom of 2021 but ran into financial trouble. Co-founders CEO Chris Kemp and CTO Dr. Adam London acquired all shares…