Global Eagle has entered Chapter 11 bankruptcy protection in order to facilitate a sale of its assets to a group of loan holders. The company, which provides In-Flight Connectivity (IFC)...
Lockheed Martin continues to see sales increases despite the COVID-19 pandemic. On Monday, the company reported Second Quarter (Q2) 2020 net sales of $16.2 billion, compared to $14.4 billion in...
The acrimony between Comtech Telecommunications Corp. and Gilat Satellite Networks over the ongoing acquisition has heated up, as Comtech argues it is not required to close on the acquisition, and...
United States space companies are hoping to get more help against foreign competitors through financing from the U.S. Export-Import Bank, a federal lending agency that SpaceX pointed to on Thursday as...
A bankruptcy court has approved Intelsat’s request for an employee incentive plan worth $17 million, despite an objection from the U.S. Trustee overseeing the case. The U.S. Bankruptcy Court for...
The satellite industry is sometimes difficult to understand. OneWeb recently filed for bankruptcy, letting go of most of its staff, but not long after filed for an expansion of their...
The United States Trustee overseeing Intelsat’s Chapter 11 bankruptcy case has decided against forming an equity committee of common shareholders at this time. In a letter to the ad hoc...
Viasat is selling $400 million worth of senior notes. In a Wednesday announcement, the satellite operator said the net proceeds will be used to repay debt and to finance general...
On Wednesday, Comtech Telecommunications Corp., reported its operating results for its Third Quarter (Q3), which ended April 30, 2020, reporting $135 million in net sales, a 20% decrease from the...
Intelsat S.A. released its First Quarter (Q1) 2020 results on Thursday, its first quarterly results since filing for bankruptcy in May. The company reported a net loss attributable to Intelsat...