Norwegian company Kongsberg Defence & Aerospace is acquiring smallsat manufacturer NanoAvionics under a deal announced Tuesday, valuing NanoAvionics at 65 million euros ($67 million). Kongsberg will acquire 77% of the company, and majority owner AST SpaceMobile will divest all its shares. NanoAvionics management will retain 23% of the company.  NanoAvionics is known as a leading…

The global space industry grew 4% in 2021, to $386 billion in revenue, the Satellite Industry Association (SIA) recently reported. SIA released the annual State of the Satellite Industry report on June 29, reporting growth across the industry. BryceTech produced the report.  For a fourth consecutive year, the commercial satellite industry launched a record 1,713…

Yahsat has appointed Sulaiman Al Ali as its new chief commercial officer, the company announced July 1. Al Ali will lead both YahClick, Yahsat’s data solutions arm, and Thuraya, its mobility business. Al Ali replaces Farhad Khan, who has been the CCO of Yahsat for the past six years. Al Ali has been with Yahsat…

Aerojet Rocketdyne President and CEO Eileen Drake won her bitterly contested proxy battle with the company’s dissident executive chairman, Warren Lichtenstein, after shareholders on Thursday voted in favor of Drake and all of her nominees to sit on the board of directors. Drake and her faction enjoyed the support of the two leading independent proxy…