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 Daily News Feed |
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TOP STORY
 Gilat to Acquire Comtech's Satellite and Space Business, Targeting US Defense GrowthGilat Satellite Networks has moved to acquire Comtech’s Satellite and Space Communications segment, in a deal announced Monday to bring together two major players in the satellite ground technology segment. Gilat, based in Israel, emphasized the acquisition will significantly expand its U.S. presence and exposure to the U.S. defense market. Gilat will acquire Comtech for $157.5 million in cash, with $10 million paid on June 15. The deal is expected to close by the end of the year. It is subject to review, including by the Committee on Foreign Investment in the United States (CFIUS), which reviews national security impacts…[continued] |
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Israel’s El Al Airline to Adopt Starlink for IFCIsrael’s national airline El Al will adopt SpaceX's Starlink in-flight connectivity (IFC). The airline said it is signing an agreement with Starlink, and service will…[continued] |
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Anuvu Names Former HBO Exec as CEOAnuvu has named a new CEO to replace longtime leader Josh Marks. The company announced former HBO executive Simon Sutton as CEO on June 15. …[continued] |
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SpaceX Begins Trading at $150 Making Elon Musk the World's First Trillionaire on PaperSpaceX began its first public trading on Nasdaq midday Friday, opening at $150 per share, an 11% increase over the initial IPO price of $135…[continued] |
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ICYMI: Satellite IoT is Becoming Essential Infrastructure as NTN and Cellular IoT Services ConvergeA network only proves its worth at the moment it is needed. For enterprises managing fleets, utilities, industrial sites and remote assets, that moment is…[continued] |
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