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Export Missteps Spur Reforms
Hughes Electronics [GMH] and Boeing Satellite Systems, formerly Hughes Space and Communication (HSC), have agreed to jointly pay a $32 million penalty to the U.S. Department of State to resolve […]
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Rising Insurance Rates Inflict Pain
Insuring satellites and launchers is becoming increasingly difficult as underwriters charge ever-higher prices and insist upon broad exclusions for certain risks. Satellite operators and insurance brokers are looking for ways […]
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Top Executives at Gilat Step Down
Gilat Satellite Networks [Nasdaq:GILTF] on Monday announced the resignations of its co-founders, Chairman and CEO Yoel Gat and President Amiram Levinberg. The resignations will take effect at the April meeting […]
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EADS To Cut 1,700 Jobs At Space Division
The European Aeronautic Defence and Space Co. [Amsterdam: EAD] is eliminating 1,700 jobs at its Space Division. The division reported a loss of 268 million euros ($296 million) in 2002 […]
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Boeing Delta IV Launch Delayed for Weather
The planned launch Sunday night of Boeing‘s [NYSE: BA] Delta IV rocket from Cape Canaveral, Fla., was rescheduled for tonight after a forecast of 50 mph winds last night caused […]
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Globecomm Forges Three Agreements With Partners
Globecomm Systems [Nasdaq: GCOM], a provider of end-to-end satellite-based communications, entered into three agreements that involve two satellite equipment contracts for $2.3 million and a separate deal to turn OneTouch […]
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Thrane & Thrane Received Capsat Fleet77 Order From P&O Nedlloyd
Through its Dutch distributor, Thrane & Thrane of Denmark will deliver 27 Capsat Fleet77 terminals to P&O Nedlloyd, a global shipping and international logistics company. This will result in 27 […]
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Americom Government Services Awarded Federal Satellite Contract
Americom Government Services, a wholly-owned subsidiary of SES Global [Luxembourg: SESG] unit SES Americom, won a federal satellite communications services contract from the General Services Administration. Terms were not disclosed. […]
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Integration Of Two Loral Units Eliminates Two COOs
The chief operating officers of both Loral Skynet and Loral Cyberstar are leaving their jobs as part of the integration of the two units of Loral Space and Communications [NYSE: […]
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Boeing’s Settlement With State Department Will Not Spur Export Flow
The settlement announced this week between Boeing Satellite Systems, Hughes Electronics [GMH] and the U.S. State Department resolving technology transfer violations stemming from Chinese launch failure reviews in 1995 and […]
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Globalstar Receives Final Approval of Debtor-in-Possession Financing
Satellite phone provider Globalstar LP has been granted final court approval for its $10 million debtor-in-possession (DIP) financing. The court had earlier granted approval on an interim basis, making an […]
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Star One Cautious Over LatAm Prospects
This year is likely to be a tough year for satellite operators in Latin America, according to Lincoln Oliveira, chief technology officer of Latin American satellite operator Star One. He […]
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Tandberg Launches nCompass Integrated Control and Monitoring
Tandberg Television, a supplier of open-standard products for digital broadcasting, plans to launch its integrated control and monitoring system, nCompass, at the upcoming National Association of Broadcasters 2003 conference. The […]
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Motorola Settles Chase Manhattan Claims Stemming From Iridium’s Collapse
Motorola [NYSE: MOT] reached an out-of-court settlement that covers all five remaining lawsuits filed against the company by Chase Manhattan Bank due to the financial failure of Iridium LLC, a […]
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Boeing, Hughes Agree To Pay $32 Million Penalty For Alleged Export Missteps
Hughes Electronics [NYSE: GMH] and Boeing Satellite Systems, formerly Hughes Space and Communication Co., reached a $32 million settlement with the U.S. Department of State involving claims of technology transfer […]
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Hughes Moves Closer To Sale After AOL Break-up
The break-up of an alliance between Hughes Electronics [NYSE: GMH] and America Online appears to be a move to prepare for the eventual sale of Hughes, a non-core business unit […]
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Israel Court Approves Gilat’s Debt Restructuring Plan
Gilat Satellite Networks [Nasdaq:GILTF] has received approval from the Israel District Court in Tel Aviv for its debt-restructuring plan. The court’s approval of the plan, allowing the company to restructure […]
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Boeing Delta IV Launch Set for First Air Force EELV Mission
A Boeing [NYSE: BA] Delta IV rocket is scheduled to launch the first satellite for the U.S. Air Force Evolved Expendable Launch Vehicle program on Saturday from Cape Canaveral Air […]
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ICESAT Spacecraft Passes Final Test
The Goddard Space Flight Center‘s Ice, Cloud and Land Elevation Satellite (ICESat) has completed testing of its laser altimeter, its final test before full operation. The focus of the operations […]
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U.S. Aerospace Industry Employment Hits 50-Year Low
U.S. aerospace employment has reached its lowest level since 1953, dropping to 689,000 jobs at the end of 2002. Based on the latest data from the Department of Labor‘s Bureau […]
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Hughes Terminates Strategic Alliance With AOL
The strategic alliance forged between Hughes Electronics [NYSE: GMH] and America Online in 1999 has been terminated, Hughes reported in a document filed with the Securities and Exchange Commission. The […]
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FAA Selects Lockheed Martin-Led Team To Provide WAAS Satellite Services
The Federal Aviation Administration has awarded a contract to Lockheed Martin Air Traffic Management for wide-area augmentation system (WAAS) satellite leased communication services. As the FAA moves toward implementation of […]
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ITT To Build Teleports for Naval Satellite Communications System
ITT Industries [NYSE:ITT] has been awarded a contract by the Department of the Navy‘s Space, and Naval Warfare Systems Command to provide hardware and software for the management and control […]
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FiberSat Gains Pact With Hotelevision
FiberSat Global Services, previously known as McKibben Communications, won a contract from Hotelevision to handle satellite installation services, technical support and installation base management, company officials said. FiberSat Global Services’ […]
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Sirius Debt Holders Approve Refinancing
The path is clear for Sirius Satellite Radio [Nasdaq: SIRI] to operate without the financial questions that have followed it in recent months after its debt holders approved a recapitalization. […]
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EchoStar Adds 400,000 Net New Subscribers
EchoStar Communications [DISH] netted approximately 400,000 new subscribers during the fourth quarter to boost its subscriber total to 8.18 million at the end of 2002. EchoStar (Littleton, Colo.) also reported […]
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M2sat, Thuraya Launch a New Mobile Broadband Service
M2sat and Thuraya Satellite Telecommunication are teaming up to offer satellite broadband services of 192 Kbps to the international broadcasting industry and other high-capacity users. Thuraya’s (Abu Dhabi, UAE) satellite […]
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Sirius Stockholders Approve $1.2B Recapitalization
Sirius Satellite Radio [Nasdaq: SIRI] said its stockholders have overwhelmingly approved the company’s proposed recapitalization. A majority of Sirius (New York City) stockholders voted to approve transactions to exchange $700 […]
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NetCentrex Expands into Latin America with LatAmNap
NetCentrex, which provides next-generation networking products and applications for voice-over-IP (VoIP), PSTN and mobile networks, announced today that LatAmNap will use its CCS Softswitch and Media Server architectures to deploy […]
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Army Engineers Monitor Water Levels Using Satellites
U.S. Army Corps of Engineers hydraulic engineers are monitoring water levels in the New England region’s major rivers and the depth of snow cover throughout the region to regulate Corps […]