Finance

Executives from SpaceX, Telesat, Iridium and SES gathered virtually at World Satellite Business Week Virtual Edition hosted by Euroconsult on Tuesday, to discuss their different approaches with Low-Earth Orbit (LEO) […]

Viasat‘s new CEO Rick Baldridge joined executives from major satellite operators SES, Intelsat, Hughes Networks Systems, and Eutelsat on a virtual executive panel just days after he was named the […]

Maxar Technologies on Thursday revealed financial results for its Third Quarter (Q3) 2020. The company reported a strong quarter with $436 million in revenue — an increase of $23 million […]

Viasat Chairman and CEO Mark Dankberg, who co-founded the company in 1986 is transitioning into the newly created position as executive chairman of the company. President and COO Rick Baldridge […]

Intelsat’s Third Quarter (Q3) financial results showed revenue at similar levels to the same time period in 2019, despite the pandemic. For the three months that ended September 30, Intelsat […]

Hughes Network Systems confirmed in its 2020 Third Quarter (Q3) financial results that it is pushing back the launch of its Jupiter 3 satellite to 2022 due to manufacturing delays.  […]

SES’s results were a mixed bag on Thursday with good news in terms of overall revenues, but profits seeing a significant fall. In the nine months to the end of […]

Slingshot Aerospace raised $8 million in Series A funding, the company revealed Oct. 29, bringing its total funding to $17.1 million. This round was led by by ATX Venture Partners, […]

Iceye announced Oct. 29 that COO and CFO Jerry Welsh will take on the role of CEO of it’s U.S. subsidiary Iceye US. Welsh joined the company in 2017 and […]

L3Harris Technologies, Inc. segment Space and Airborne Systems saw 6.5% revenue growth in the Third Quarter (Q3) of 2020 compared to Q3 2019, the company reported Oct. 30. Space and […]

Airbus released its Third Quarter (Q3) results on Oct. 29, reporting a revenue decrease of 27%, mainly driven by lower deliveries at Airbus and lower revenues at Airbus Defence and […]

Space solutions company Redwire on Thursday said it has acquired Roccor, a designer and manufacturer of subsystems and products for small satellites. Roccor, which is based in Longmont, Colo., provides structures […]

Telesat reported a 15% decrease in revenue for the Third Quarter (Q3) compared to the same period 2019. On Thursday, the satellite operator reported revenue of $202 million Canadian dollars […]

Eutelsat posted steady First Quarter (Q1) results on Thursday, with 315 million euros ($368 million) in revenue. Total revenues were down less than 1%, which Eutelsat said highlights the resiliency […]

Boeing’s Defense, Space & Security segment is helping to stabilize the company as it is significantly impacted by COVID-19 and the 737 MAX grounding, President and CEO Dave Calhoun said […]

Ansys will acquire Analytical Graphics, Inc. (AGI), which provides simulation and modeling for aerospace, telecommunication, and defense and intelligence applications.  Ansys is purchasing the company for $700 million, 67% of […]

Airbus Ventures last week revealed that it has invested in Zero Error Systems (ZES), a Singapore-based startup debuting “smart chip” technology to protect satellites from radiation damage. The approximately $1.8 […]

Ligado Networks that it has raised $3.85 billion in new capital from new and existing investors, led by JPMorgan Chase & Co. This capital  raise, announced Oct. 23, will support Ligado […]

Northrop Grumman reported a strong Third Quarter (Q3), led by double-digit sales increase in its Space Systems segment. Space Systems sales increased 17% from Q3 2019, to about $2.2 billion. […]

Inmarsat and Hughes first started to talking about a potential In-Flight Connectivity (IFC) collaboration in North America over a year ago. This week, the companies announced a deal that Inmarsat […]

Inmarsat and Hughes Network Systems confirmed that they have been secretly collaborating on a new satellite connectivity solution that will allow commercial airlines to offer free, in-flight Wi-Fi. The service, […]

Lockheed Martin Space continues to benefit from increased government spending, as the company reported a 6% increase in 2020 Third Quarter (Q3) net space sales totaling $163 million. Approximately $90 […]

Microsoft is making a play to be the cloud platform of choice for the space industry as it unveiled Azure Space on Tuesday, which will bring together Azure technology and […]

Virginia-based satellite operator Iridium Communications is raising its full-year 2020 guidance after turning in a better-than-expected Third Quarter (Q3) result for investors. Despite facing headwinds from a pandemic-fueled recession, Iridium […]

Intelsat has hit back at SES for a claim filed in its bankruptcy case earlier this year that Intelsat owes SES $1.8 billion for an alleged breach of contract, arguing […]

Gilat Satellite Networks will provide satellite cellular backhaul services to Southern Linc, a wireless communications provider owned by Southern Company, under the terms of a new three-year contract announced October […]

The very first virtual OilComm in the show’s 20-year history spoke volumes about the interesting times we live in. In less than 12-months, our entire way of life has changed […]

AAC Clyde Space will acquire Virginia-based small satellite tech company SpaceQuest, Ltd. to grow operations in the U.S. and to expand Space-as-a-Service offerings. This follows after AAC Clyde Space, a […]

SmartSky Networks on Tuesday revealed that David Helfgott was named CEO. Helfgott most recently was president and CEO of Phasor, which went bankrupt in May. South Korean defense company Hanwha […]

Last week, the movers and shakers within the Russian space industry gathered virtually at SatComRus to talk about the future for satellite in Russia, and what the impact of the […]