Finance

Speedcast’s Board of Directors has accepted the resignation of CEO PJ Beylier in light of a disappointing preliminary 2019 Full-Year (FY19) financial result for the remote communication and IT solutions […]

Northrop Grumman’s Innovation Systems division posted a 2019 Fourth Quarter (4Q) sales increase of $138 million to a total of $1.59 billion, a 9% jump from the same period last […]

Raytheon Space and Airborne Systems (SAS) enjoyed a 7% increase in fourth quarter (4Q) 2019 net sales to $2.018 billion, compared to $1.88 billion in the fourth quarter 2018, with […]

Earlier this month, OneWeb and SatixFy announced a significant deal where the two companies announced plans to add a digital technology pathway payload that will include a full digital payload […]

General Dynamics Mission Systems division, which includes the General Dynamics SATCOM Technologies business, reported $1.3 billion in Fourth Quarter (4Q) revenue, a 2.5% increase from the same three-month period ending […]

Boeing Defense, Space & Security provided no silver lining for the overall company in its comparatively rough Fourth Quarter (4Q) and Full Year 2019 financial report. On Wednesday, The Boeing […]

Comtech Telecommunications has agreed to acquire Israeli ground segment company Gilat Satellite Networks in a transaction that could produce a “dominant” force in the cellular backhaul market. Comtech announced Wednesday […]

Lockheed Martin reported its Fourth Quarter (Q4) 2019 financial results Tuesday, in which it saw a 14% net sales increase in its Space segment, compared to the same period in […]

OneWeb has signed a Memorandum of Understanding (MoU) with Astana International Financial Centre  (AIFC), a financial hub in Central Asia, to accelerate broadband connectivity in Kazakhstan. The partners will work […]

This year, Capella Space is making the transition from building its technology and business case to commercial operations, as it begins to launch its constellation of Synthetic Aperture Radar (SAR) […]

Spanish multinational telco Eurona and Spanish satellite operator Hispasat have renegotiated their contracts for commercial satellite capacity to bring broadband Internet to unserved and underserved cities in Spain. According to […]

Made In Space (MIS) is relocating its headquarters and satellite manufacturing operations to a new headquarters facility in Jacksonville, Florida, the state’s governor, Ron DeSantis announced on Friday. The new […]

Startup Loft Orbital wants to shake up space with technology standardization. Their proprietary Payload Hub technology is a universal payload adapter that can fly any payload on a standard satellite […]

Skylo has emerged from stealth mode with $116 million in total funding. The new Series B round raised $103 million, led by SoftBank Group and joined by all existing investors. […]

After an investigation into a malfunction on one of EUTELSAT 5 West B satellite’s solar rays, Eutelsat confirmed Friday that the satellite’s South solar array has been lost. The attendant […]

Eutelsat Communications has requested that Moody’s Investors Service withdraw all of its ratings on the company. According to Eutelsat, the decision was made in the context of ongoing cost rationalization. […]

Virgin Galactic Holdings has appointed Enrico Palermo, the current president of The Spaceship Company (TSC) as its first COO, the company announced Wednesday. Palermo will be responsible for helping maintain […]

Gogo has signed an agreement with Hispasat for capacity on Amazonas Nexus satellite in order to meet the growing demand for high-speed in-flight connectivity services. Gogo, a provider of in-flight […]

Smallsat launcher Rocket Lab has started construction on a new Long Beach, California, facility which will serve as its headquarters, provide incremental production capacity, and Mission Control Center capabilities. The facility […]

Latin America met Europe in one of the more interesting consolidations that took place in the satellite industry in 2019. AXESS Networks was created through the merger of Axesat and […]

Antennas Direct has acquired Mohu, making it the largest company in the U.S. delivering TV antennas to the Over-the-Air (OTA) market. Antennas Direct plans to integrate Mohu’s indoor antennas alongside […]

Samsung Electronics has completed an agreement to acquire TeleWorld Solutions (TWS), a network services provider headquartered in Chantilly, Virginia. TWS provides network design, testing and optimization services to mobile service […]

CropX has acquired of Nebraska-based CropMetrics, a provider of cloud-based, precision-irrigation tools. Current CropMetrics and CropX partners and customers will now have access to the companies’ combination of in-soil data, […]

SkyWatch Space Applications, a Canadian space technology startup, has completed a $7.5 million Series A round of financing. SkyWatch aims to provide companies with affordable and reliable access to Earth […]

Sprint is closing its Virgin Mobile USA prepaid wireless business. A note to customers posted on the website in early January said that Virgin Mobile USA will be discontinued and […]

Blue Origin opened its new headquarters and R&D facility in Kent, Washington on Monday. The new hub for the Jeff Bezos-owned spaceflight company is named the O’Neill Building after physicist […]

MDA will design and manufacture space-based L-band navigation antennas as part of a hosted payload on the MEASAT-3d satellite, which is currently being built by Airbus. The navigation antennas will […]

The global GPS market size is expected to reach $128.7 billion by 2025,  according to a new report from KBV Research. This estimate shows a market growth of 20.3% CAGR […]

In 2018, natural disasters claimed 10,400 lives and caused $160 billion worth of damage, according to German reinsurer Munich Re. That’s down from $350 billion and 13,000 lives lost in […]

Geoforce will acquire the assets of Trakopolis’ subsidiary Trakopolis SaaS. Based in Calgary, Alberta, Trakopolis SaaS provides global traceability solutions. Geoforce, which is headquartered in Plano, Texas, plans to integrate […]