Author: Rachel Jewett
April 26, 2024
Finnish satellite company Iceye has a new data collaboration with reinsurance broking arm Juniper Re for Iceye’s Flood and Wildfire Insights data. Iceye announced the new, multi-year agreement on April 25. Terms of the deal were not disclosed. Iceye, which recently raised $93 million in funding, operates a constellation of synthetic aperture radar (SAR) satellites.…
April 26, 2024
Space & Airborne Systems and Communication Systems led growth at L3Harris in the first quarter of 2024, contributing to a 17% year-over-year revenue increase. L3Harris reported Q1 results on Friday. Company-wide, revenue in the first quarter was $5.2 billion, up 17% with up 5% organically. The revenue increase was primarily from the Aerojet Rocketdyne acquisition,…
April 26, 2024
Hughes Network Systems has opened a new manufacturing facility and private 5G incubation center in Germantown, Maryland. The Hughes Manufacturing Facility (EXM) will serve as a testing ground for private 5G solutions for enterprise applications and the U.S. Department of Defense. The center is located next to the Hughes headquarters, in the Pinkney Innovation Complex…
April 25, 2024
Northrop Grumman’s Space segment posted $3.7 billion in sales in the first quarter of 2024, a 9% increase from the same period last year. Northrop Grumman reported Q1 financials on Thursday. Space posted the most revenue of the company’s four segments, but Aeronautics posted the most growth, at 18% year-over-year. Company-wide, Northrop Grumman reported $10.1…