Author: Rachel Jewett
January 25, 2022
Comtech Telecommunications rejected a takeover proposal from Acacia Research Corporation received earlier this year. The company announced Tuesday that the board of directors unanimously rejected an unsolicited proposal from Acacia received on Oct. 29, 2021. Comtech said the board and recently appointed members evaluated the proposal and found that it undervalued the company. Comtech recently…
January 25, 2022
The Federal Trade Commission (FTC) is suing to block Lockheed Martin’s proposed acquisition of Aerojet Rocketdyne Holdings, arguing that such consolidation would be harmful to national security and defense markets. The $4.4 billion proposed deal was announced in December 2020. Lockheed is the world’s largest defense contractor and the company competes against Raytheon Technologies, Northrop…
January 24, 2022
Kleos Space signed Advanced Ground Information Systems, Inc. (AGIS) as a customer for a data evaluation contract, Kleos announced Jan. 20. AGIS offers command and control communication capabilities to U.S. military, government, and first responders. Under the contract, AGIS will evaluate Kleos' Guardian Locate data product, which delivers radio frequency (RF) geolocation data. AGIS will…
January 24, 2022
Intelsat and Gilat Satellite Networks are expanding their strategic partnership in commercial aviation. Intelsat will use Gilat’s SkyEdge II-c system to expand commercial and business aviation services in Asia. Intelsat Senior Vice President of Commercial Aviation, Dave Bijur said in the Monday announcement that this collaboration will bring significant revenue growth in in-flight connectivity (IFC)…