Northrop Grumman Chairman and Chief Executive Officer (CEO) Wes Bush announced today that he is leaving the company in 2019. Northrop Grumman’s board of directors has already elected President and Chief Operations Officer (COO) Kathy Warden to replace him. Bush’s decision surprised analysts and traders, as Northrop Grumman shares dropped about 1.5 percent in early…

Following the rejection of a $3.2 billion takeover bid from EchoStar, U.K. satellite operator Inmarsat is now under pressure to show its vision of the future, said Berenberg satellite equity analyst Sarah Simon in a July 12 research note. EchoStar has made two bids to acquire Inmarsat, but has been met with stiff resistance. The $3.2…

The European Space Agency (ESA) and the European Investment Bank (EIB) are joining forces to boost the European space sector in Europe. Ambroise Fayolle, vice president of the EIB, and Jan Wörner, director general of ESA, signed a joint statement which will see the two organizations cooperate on supporting increased investment in the European space…

U.K. satellite operator Avanti Communications is set to receive more than $20 million from the Indonesia government in August as the result of a legal action it brought against the nation in the London Court of International Arbitration. The legal dispute concerned orbital slot rights for an L-band satellite that Avanti had leased to the…