Hughes Moves Closer To Sale After AOL Break-up
The break-up of an alliance between Hughes Electronics [NYSE: GMH] and America Online appears to be a move to prepare for the eventual sale of Hughes, a non-core business unit...
Author: Staff Writer
Boeing, Hughes Agree To Pay $32 Million Penalty For Alleged Export Missteps
Hughes Electronics [NYSE: GMH] and Boeing Satellite Systems, formerly Hughes Space and Communication Co., reached a $32 million settlement with the U.S. Department of State involving claims of technology transfer...
Motorola Settles Chase Manhattan Claims Stemming From Iridium's Collapse
Motorola [NYSE: MOT] reached an out-of-court settlement that covers all five remaining lawsuits filed against the company by Chase Manhattan Bank due to the financial failure of Iridium LLC, a...
Sirius Debt Holders Approve Refinancing
The path is clear for Sirius Satellite Radio [Nasdaq: SIRI] to operate without the financial questions that have followed it in recent months after its debt holders approved a recapitalization....
FiberSat Gains Pact With Hotelevision
FiberSat Global Services, previously known as McKibben Communications, won a contract from Hotelevision to handle satellite installation services, technical support and installation base management, company officials said. FiberSat Global Services’...
ITT To Build Teleports for Naval Satellite Communications System
ITT Industries [NYSE:ITT] has been awarded a contract by the Department of the Navy‘s Space, and Naval Warfare Systems Command to provide hardware and software for the management and control...
FAA Selects Lockheed Martin-Led Team To Provide WAAS Satellite Services
The Federal Aviation Administration has awarded a contract to Lockheed Martin Air Traffic Management for wide-area augmentation system (WAAS) satellite leased communication services. As the FAA moves toward implementation of...
Hughes Terminates Strategic Alliance With AOL
The strategic alliance forged between Hughes Electronics [NYSE: GMH] and America Online in 1999 has been terminated, Hughes reported in a document filed with the Securities and Exchange Commission. The...
U.S. Aerospace Industry Employment Hits 50-Year Low
U.S. aerospace employment has reached its lowest level since 1953, dropping to 689,000 jobs at the end of 2002. Based on the latest data from the Department of Labor‘s Bureau...
Sirius Stockholders Approve $1.2B Recapitalization
Sirius Satellite Radio [Nasdaq: SIRI] said its stockholders have overwhelmingly approved the company’s proposed recapitalization. A majority of Sirius (New York City) stockholders voted to approve transactions to exchange $700...