Author: Staff Writer

Globecomm Systems [GCOM], a provider of satellite-based communications, received a $15 million contract to provide satellite infrastructure to a European customer. Under the terms of the contract, Globecomm will modernize...

UniTracking VTU, a division of Kabu Concept Marketing, has increased coverage for UniTracking VTU, its Global Positioning System and cellular vehicle tracking and monitoring device. Coverage is now available in...

After an analysis of its “strategic options” regarding its Commercial Space Systems unit, Lockheed Martin [NYSE: LMT] has decided not to sell or close it. “Rather than aligning [the unit]...

The 2003 outlook for Hughes Electronics [NYSE: GMH] subsidiary DirecTV Inc. is more promising that the company’s conservative guidance would suggest, concluded Karim Zia, the cable and satellite analyst with...

A new study about planned Ka-band satellite systems projects that 190 transponders will be available to provide broadband services by the end of 2004. The 42 commercial Ka-band transponders in...

New Valley Corp. [Nasdaq: NVAL], an investment firm primarily focused on the real estate business, has committed to give bankrupt satellite phone service provider Globalstar much-needed debtor-in-possession financing as the...

The Mexican government and Mexican satellite operator Satelites Mexicanos (Satmex) are holding talks with the Canadian government and Canadian satelliteoperator Telesat Canada to reach a new coordination agreement for fixed...

Inforetech Wireless Technology Inc., a supplier of Global Positioning System technology for the golf industry, announced that Satellite Golf Inc., had acquired distribution rights in Nevada and first rights of...

Gilat Satellite Networks Ltd.’s [Nasdaq: GILTF] subsidiary Spacenet Inc. has signed multiple agreements with global lottery services provider GTECH Corp. to install more than 10,000 Gilat Skystar Advantage broadband satellite...

Hughes Electronics [NYSE: GMH] satellite TV subsidiary DirecTV Inc. on Thursday began offering local broadcast channels in the Richmond, Va., market to subscribers who request the upgrade. Richmond is the...