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Intelsat Receives FCC Approval For Loral Transaction
Intelsat announced that the Federal Communications Commission (FCC) has approved the transfer of FCC licensesfor Loral Space and Communications‘ [OTCBB: LRLSQ] North American satellite assets to Intelsat. The regulatory nod […]
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RadioShack, EchoStar and Sirius Form Marketing Alliance
Ft. Worth, Texas-based electronics retailer RadioShack [NYSE: RSH], Littleton. Colo.-based satellite TV service provider EchoStar Communications [Nasdaq: DISH] and New York-based satellite radio service provider Sirius Satellite Radio [Nasdaq: SIRI] […]
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AsiaSat Buys Integrated Satellite System
Asia Satellite Communications Co. (AsiaSat) [NYSE: SAT], a Hong Kong-based satellite operator, agreed to buy a single consolidated primary satellite control system from Integral Systems [Nasdaq: ISYS], a Lanham, Md.-based […]
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ViaSat To Supply VSAT Systems for Iraq
ViaSat [Nasdaq: VSAT], a Carlsbad, Calif.-based satellite technology company, received a contract for more than $7 million from Lockheed Martin Integrated Systems [NYSE: LMT] for satellite equipment to be installed […]
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DirecTV Names Giacalone To Head Customer Service
El Segundo, Calif.-based DirecTV appears to be looking for a way to reduce its monthly churn by naming an executive vice president of customer satisfaction. The satellite TV service provider […]
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Hughes Revenues Rise, While One-time Charge Spurs Bottom-line Decline
El Segundo, Calif.-based Hughes Electronics [NYSE: HS] reported that its fourth quarter 2003 revenues rose more than 20 percent to $2.95 billion, on the strength of rising subscriber gains and […]
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American Wireless Expands Role With EchoStar
Campbell, Calif.-based American Wireless, a North American wireless retail distributor, has agreed to begin selling the satellite TV services of EchoStar Communications [Nasdaq: DISH] and its DISH Network nationally, rather […]
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Elektra Plans To Expand VSAT Network
Elektra, a Mexican-based home appliance retailer, plans to expand its VSAT network with the help of Israel’s Gilat Satellite Networks [Nasdaq: GILTF]. Elektra’s network provides internal connectivity services to its […]
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KVH Launches New Tracphone
KVH Industries [Nasdaq: KVHI], a Middletown R.I.-based manufacturer of mobile communication products, has introduced a new compact satellite communication device to offer global voice coverage. The device, called the Tracphone […]
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Sirius To Air Wall Street Journal Network
Sirius Satellite Radio, [Nasdaq: SIRI] has agreed to broadcast The Wall Street Journal Radio Network throughout the United States. Starting this month, subscribers will be able to hear hourly market […]
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Sirius, Standard Team To Offer Satellite Radio In Canada
Standard Radio, a Toronto-based radio broadcasting company, is the latest partner to team up with New York-based Sirius Satellite Radio [Nasdaq: SIRI] in an attempt to bring satellite radio to […]
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Gilat Introduces Next Generation of SkyEdge
Gilat Satellite Networks [Nasdaq: GILTF], an Israeli-based satellite communications company, has developed a new generation of products called the SkyEdge family. The SkyEdge product family includes a series of VSAT […]
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Cisco, Surrey Deploy Router in Space
VIENNA, Va. — U.S.-based Cisco Systems [NYSE: CSCO] and British small satellite manufacturer Surrey Satellite Technology have successfully launched and deployed a “router in space.” The Cisco-supplied router is part […]
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EGNOS Undergoes Test in China Before Mid-Year Launch
The European Geostationary Navigation Overlay System (EGNOS), designed to improve the accuracy of satellite global navigation systems, is now undergoing tests prior to service launch in the middle of the […]
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Metro Fuel Chooses Satellites for Tanker Control and Security
Satellite Security, a San Diego-based company that provides secure Global Positioning System (GPS) services, has signed a pact to monitor oil tankers for New York-based Metro Fuel Oil. No financial […]
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DirecTV Appoints New Senior Executive
El Segundo, Calif.-based DirecTV, the largest U.S. satellite television services provider, added to its executive team by naming Richard Slenker to become its executive vice president of technology and engineering […]
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The Satellite News Financial Ticker
Week of Jan. 30 – Feb. 5, 2004 Percentage Change Symbol Feb. 5 Price One Week One Month Three Month Year to Date Operators APT SATELLITE HLDGS ATS 2.41 (12.7) […]
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SS/L CEO Confident Company Will Rebound
Despite bankruptcy at its parent company, Space Systems/ Loral (SS/L) has picked up some key satellite manufacturing orders recently, most notably in October from DirecTV. The turnaround has clearly been […]
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Is the VOIP Revolution Salvation or Armageddon?
By Maury Mechanick As the satellite industry emerges from its most recent downturn, a number of new opportunities and threats loom on the horizon. Among these, voice over Internet Protocol […]
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Spotlight: IP Video Aids Mobile Medical System
Satellite-based video services are expected to help save lives through a Houston-based program jointly operated by the U.S. Army, Texas A&M University and the University of Texas Health Science Center […]
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FCC Responds To Trend For Hybrid Services
Hybrid services are changing the shape of the satellite industry and causing a ripple effect in the regulatory arena. Satellite, wireless, wireline, Wi-Fi, and fiber-optic cable technologies are being used […]
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PanAmSat Shows The Money
Joe Wright, the president and CEO of Wilton, Conn.-based PanAmSat [Nasdaq: SPOT], characterized his company during last week’s earnings conference call as the world’s top-performing and best-positioned fixed satellite services […]
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Intelsat Sees Opening For IPO
Intelsat is preparing to pursue its long-anticipated initial public stock offering (IPO) at a time when the market for such transactions appears to be recovering. The plan is for Intelsat […]
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ITT Agrees To Buy Remote Sensing Systems For $725 Million
White Plains, N.Y.-based ITT Industries [NYSE: ITT] signed a definitive agreement to purchase the Remote Sensing Systems (RSS) business from Eastman Kodak Co. [NYSE: EK] for $725 million to significantly […]
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SPACEHAB’s Financial Performance Is Hurt By Suspension Of Space Shuttle Flights
Houston-based SPACEHAB‘s [Nasdaq: SPAB] revenue for the second fiscal quarter of 2004, excluding a $17.5 million long-term contract prepayment, decreased by approximately 46 percent from the prior year’s quarterly revenue […]
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Integral Systems Boosts Financial Performance
Lanham, Md.-based Integral Systems [Nasdaq: ISYS] notched a 2.5 percent rise in revenues for the first quarter of fiscal 2004 to reach $20.1 million, up from $19.6 million in the […]
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New Skies Satellites Unveils New Teleport In Greece
New Skies Satellites N.V.[AEX, NYSE: NSK], a global satellite communications company based in The Hague, Netherlands, introduced a new teleport in Athens, Greece, to become the company’s primary European gateway […]
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Canada To Develop C$140M Multipurpose Satellite
The Canadian Space Agency and Industry Canada announced Friday that they will develop a multipurpose satellite called CASSIOPE, which will require the building of a satellite platform adaptable for a […]
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ILS Launches AMC-10 Bird Into Orbit
International Launch Services launched the AMC-10 satellite Thursday at 6:46 p.m. (EST) on board an Atlas IIAS rocket from Cape Canaveral, Fla. The satellite is an A2100 model, built by […]
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Consortia Short-Listed For Galileo Concession
A number of consortia have been short-listed for the Galileo satellite navigation system concession. One consortium is led by Alcatel [NYSE: ALA] and includes Finmeccanica and VICNI Concessions. Another consortium […]