News Analysis

Better Satellite World: Overcoming the Digital Drought

New York City, NY, September 3, 2020--For all of history, water has been the stuff of life, flowing in rivers nearby or drawn up from the hidden streams that flow underground.  

 

Calian Acquires Canadian Antenna Manufacturer Tallysman Wireless

Ottawa, Canada, September 3, 2020--Calian Group has acquired Tallysman Wireless, a manufacturer of precision Global Navigation Satellite Systems (GNSS) antennas, and related components.The definitive agreement is valued at up $24.5 million. Amount paid on closing is $15.7 million (net of cash received) and contains two earnout periods of $4M and $4.8M based on the achievement of a certain level of EBITDA performance over the next 30 months. Tallysman’s results will be consolidated and reported with Calian’s Advance Technology segment.

Applied Composites Acquires Alliance Spacesystems

Lake Forrest, Calif., September 2, 2020--Applied Composites Holdings announced today that it has acquired Alliance Spacesystems, a leading, vertically integrated provider of high-performance composite structures and assemblies for the commercial, civil and government satellite market.

Intelsat Acquires Gogo Commercial Aviation Business

McLean, VA, August 31, 2020–Despite being in bankruptcy proceedings,  Intelsat (OTC: INTEQ), today announced that it has entered into a definitive agreement to acquire the commercial aviation business of Gogo (NASDAQ: GOGO), the largest global provider of in-flight broadband connectivity, for US$ 400 million in cash, subject to customary adjustments.

Kymeta Corporation Acquires Lepton Global Solutions

Redmond, Wash., August 18, 2020--Kymeta Corporation acquired Lepton Global Solutions LLC  which will become a wholly owned direct subsidiary of Kymeta Corporation. Established in 2013, Lepton Global Solutions is a provider of satellite-based customized turnkey communications solutions and services with expertise in the Intelligence Community (IC), Special Operations Command (SOC) and other government sectors.

SES Reports 'Solid First Half 2020' Results

Betzdorf, Luxembourg, August 7, 2020--Satellite operator SES reported 1st half 2020 results in line with expectations and continued underlying growth in Networks of +7.1% year-on-year and  revenues of EUR 947.5 million, -1.5%  decrease as reported with underlying revenue 2.4% lower than H1 2019.

BAE Systems Completes Acquisition of Collins’ Military GPS Business

Cedar Rapids, Iowa, August 4, 2020--BAE Systems has completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation. Based in Cedar Rapids and Coralville, Iowa, with a workforce of approximately 700 employees, the Military GPS business has been a pioneer in its field for more than 40 years and has a global installed base in excess of 1.5 million devices on more than 280 airborne, ground, and weapon system platforms.

Eutelsat Reports Slight Decrease in Revenues in Fiscal Year 2020 But Affirms Company's Resilience in the Face of the COVID-19 Pandemic

Paris, France, July 31, 2020--The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), chaired by Dominique D’Hinnin, released the company's financial results for the fiscal year ended June 30, 2020. It reported total revenues of of €1,278 million--a 3.9 percent decrease from the previous fiscal year 2018-2019 on a reported basis and by -5.0% like-for-like. 

Telesat Reports Decreased Revenues for the 2nd Quarter and 1st Half 2020

Ottawa, Canada, July 30, 2020--For the quarter ended June 30, 2020, Telesat reported consolidated revenue of CDN$ 208 million, a decrease of 10% (CDN $23 million) compared to the same period in 2019. When adjusted for changes in foreign exchange rates, revenue declined 11% (CDN$ 25 million) compared to 2019.