Finance

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 […]

USSI Global last Thursday revealed that Anthony Morelli was named Chief Operating Officer (COO). Morelli will report to CEO and President David S. Christiano, and oversee daily USSI Global business […]

Astroscale Holdings Inc. has closed its Series E funding round with additional funding of $51 million. This round puts Astroscale’s total investment raised at $191 million, making it the most-funded […]

Jordi Hereu is now president of Hispasat after the company’s board of directors approved the appointment on Oct. 8. Sociedad Estatal de Participaciones Industriales (SEPI), which holds 7.41% of Hispasat’s […]

This week’s Thursday Morning Conversation (TMC) goes back to France to talk one of the most exciting new companies in the European space sector. We talk to ThrustMe CEO and […]

The Brooke Owens Fellowship revealed Wednesday, through a press release posted to their Twitter account, the introduction of the Patti Grace Smith Fellowship. This fellowship will provide Black undergraduate students […]

Momentus will become a publicly traded company through a merger with special purpose acquisition company (SPAC), Stable Road Acquisition Corp. In a Wednesday announcement, Momentus said the combined company will […]

Aerojet Rocketdyne has opened a new, 17,000 square-foot large solid rocket motor manufacturing facility in Camden, Arkansas. Aerojet Rocketdyne said in a Tuesday release that the large solid rocket motors […]

SES’s relationship with Microsoft continues to deepen. Last year, the operator reached a deal with Microsoft to become an ExpressRoute partner and to offer cloud-enabled video playout services. Now, SES is becoming […]

The merger of Comtech Telecommunications Corp. and Gilat Satellite Networks Ltd. is no more. The two companies announced Monday they have terminated their merger agreement, and Comtech has agreed to […]

OneWeb’s sale to the U.K. government and Bharti Global Limited has been approved. On Oct. 2, the United States Bankruptcy Court for the Southern District of New York confirmed OneWeb’s […]

ManSat revealed on Monday that Katherine Gizinski was appointed as group CEO. Previously the group’s CCO, Katherine will continue to work closely with ManSat founder Chris Stott, in his new […]