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Hughes Satellite Systems Corporation filed for Chapter 11 bankruptcy protection on Monday, with the intention of refocusing its operations around business-to-business, government, and defense customers amid a decline in consumer broadband subscribers due to competition.
According to bankruptcy filings, the company has approximately $1.5 billion debt that matured on Aug. 1 that it is unable to pay. The company intends to continue serving its customers during the restructuring process. Hughes appointed Robert Del Genio, senior managing director of FTI Consulting, as chief restructuring officer for this process. Del Genio said in a court filing that the bankruptcy is due to…[continued]
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Xona has received FCC approval to deploy its commercial navigation constellation called Pulsar, planned for more than 250 satellites. Xona announced Monday it has received…[continued] |
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Hisdesat has contracted Airbus and Thales Alenia Space to build the SpainSat NG-III secure satellite communications satellite for Spain. Airbus, the prime contractor, announced the…[continued] |
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LEO constellations are reshaping satellite development. Discover how engineers are balancing performance, reliability, SWaP-C requirements, and scalability using advanced processing, RF architectures, optical networking, and next-generation component strategies.
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ETL Systems has acquired Amphinicy Technologies, which develops software for satcom and Earth Observation markets, in a move the company said will help solve more…[continued] |
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AccelerCom has completed two engineering engagements with Eclipse Space, a sovereign satellite infrastructure company. AccelerComm supported Eclipse in defining the physical-layer architecture for its next-generation…[continued] |
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There’s no escaping the three-body problem—not in physics, but in project management. The classic constraints always apply: good, fast, cheap. Except in space, where there’s…[continued] |
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