Comtech Telecommunications reported its First Quarter (Q1) 2019 results, in which net sales saw a 5.9 percent increase year-over-year. Net sales for Q1 2020 were reported at $170.3 million, an increase of $9.5 million from Q1 2019. Adjusted EBITDA for Q1 2020  was $20.6 million, or 12.1 percent of consolidated net sales as compared to…

The private equity buyers of Inmarsat refused to bow to shareholder pressure and increase their $3.4 billion bid for the U.K. satellite operator on Monday, just one day before a scheduled court hearing to approve the deal. The buyout consortium, which includes Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension…

QinetiQ’s space business formally opened new cleanroom facilities and secured a new three-year contract with the European Space Agency (ESA). The $9.9 million (9 million euros) contract with The European Space Agency (ESA) will see QinetiQ developing a hosting facility and experiment modules, which will be launched to the International Space Station (ISS) in the…

Comtech Telecommunications entered into an agreement to acquire UHP Networks, a provider of  satellite ground station technology solutions, for a purchase price of approximately $40 million. Founded in 2005, UHP is based in Canada and has developed technology for the Very Small Aperture Terminal (VSAT) market. Fred Kornberg, President and Chief Executive Officer of Comtech, said,…