News Analysis

Ottawa, Canada, July 20, 2020 – C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF),announced today financial results for the second quarter ended May 31, 2020. The company generated revenues of $1,061,665 and a net after tax loss of $466,930 or -1 cent per share. This compared with revenues of $2,566,595 and a net after tax profit of $267,342 or 1 cent per share for Q2, 2019 – representing a decrease of 59% and 275% respectively.

Wilmington, Del., July 15, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL) and its wholly owned subsidiary, Convoy Ltd. filed a complaint in the Delaware Court of Chancery against Gilat Satellite Networks Ltd. on July 7, 2020.  The complaint relates to the agreement and plan of merger dated January 29, 2020 between Gilat and Comtech providing for the acquisition of Gilat by Comtech and seeks a declaratory judgment that certain actions, if taken by Gilat, would breach Gilat’s obligations under the Merger Agreement.

New York City, NY, July 3, 2020--OneWeb announced today that it has entered into an agreement with a consortium led by the UK Government (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and Bharti Global for the acquisition of the OneWeb business in connection with its court-supervised sale process.

by Virgil Labrador, Editor-in-Chief

Los Angeles, California, July 3, 2020--In the time of COVID-19 pandemic, when most activities are being conducted remotely, the effective and efficient management of satellite networks is more crucial than ever.

The July-August 2020 issue of  the Satellite Executive Briefing magazine focusing on Satellite Network Managment sponsored by Spacebridge is now available.  Featuring:

Satellite Network Management by Virgil Labrador

Satellites, Public Health and the End of the Non-Stick Fry Pan by Lou Zacharilla

The New Webinar Epoch? by Martin Jarrold

Better Satellite World Series: Making the Siberian Connection

PLUS Product and Services Spotlight, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more. Click here to read or download the file

by Lou Zacharilla

New York City, NY, July 2, 2020--Haven’t we been using banal reasons to justify space exploration (and by extension satellites) like non-stick frying pans?”  “Yes. Our nation has never had a philosophy of space exploration.”

New York City, NY, July 2, 2020--It is a vast land, making up three quarters of all Russia.  It is an empty land, where fewer than one in four Russians live.  Notorious for long, harsh winters but rich in gold and diamonds, oil and coal.

Montreal, Canada, July 2, 2020 — Grass Valley announces the completion of its acquisition by private equity firm, Black Dragon Capital, from Belden Inc. The completion of the transaction, announced earlier this year, puts Grass Valley in an ideal position to continue driving innovation as it leads the media and entertainment industry's transition to a cloud-based future and pay-as-you-go business models.

San Diego, Calif., July 1, 2020--Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), announced that it has completed its acquisition of CPI ASC Signal Division Inc. (ASC) from Communications & Power Industries LLC (CPI) following the receipt of regulatory approval from all required government authorities and completion of other closing items.

Nonthaburi, Thailand, June 26, 2020 – Thaicom Public Company Limited and CAT Telecom Public Company Limited today announced a satellite business joint venture in order to strengthen Thailand’s telecommunications infrastructure and to support the growth of the digital economy and satellite industries. The two companies are partnering to form a joint venture company called ‘Nation Space and Technology Company Limited’. The joint venture has a registered capital of Baht 10 million. Thaicom holds a 75 percent stake, whereas CAT holds a 25 percent stake in the joint venture.