News Analysis

Telesat Reports US$173-M Revenue for the Quarter Ended September 30, 2018

Ottawa, Canada, Nov. 1, 2018 —  Telesat Canada today announced its financial results for the three and nine-month periods ended September 30, 2018. For the quarter ended September 30, 2018, Telesat reported consolidated revenues of US$173.37 million (Ca$227 million), an increase of 6% US$9.93 million (Ca$13 million) compared to the same period in 2017.

Intelsat Posts US$ 374.6 Million Loss in 3Q 2018 Due to Taxes and Retirement of Debt

Luxembourg, Nov. 1 , 2018 — Intelsat S.A. (NYSE: I) today reported total revenue of US$ 536.9 million and net loss attributable to Intelsat S.A. of US$ 374.6 million for the three months ended September 30, 2018.

SES Posts Slight Increase in 2018 YTD Revenues to EUR 1.469 Billion

Luxembourg, Oct. 26, 2018 — SES S.A. announced solid financial results for the nine and three months ended September 30,  2018 with group revenue growing, fuelled by strengthening double-digit growth at SES Networks.

Boeing Reports Solid Third Quarter of US$25.1-Billion; Reaffirms Cash and Raises Revenue and EPS Guidance

Chicago,Ill. Oct. 24, 2018 — The Boeing Company [NYSE: BA] reported third-quarter revenue of US$ 25.1 billion driven by higher defense volume and services growth. GAAP earnings per share increased to US$ 4.07 and core earnings per share increased to US$ 3.58 primarily driven by strong operating performance at Commercial Airplanes and a tax benefit related to a tax settlement. Results also reflect charges related to planned investments in the newly awarded T-X Trainer and MQ-25 programs ($0.93 per share). Boeing delivered strong operating cash flow of US$ 4.6 billion, repurchased US$ 2.5 billion of shares, and paid US$1 billion of dividends.

Verimatrix Acquires Akamai Identity Services

San Diego, Calif., Oct. 23, 2018 – Verimatrix, a specialist in securing and enhancing revenue for network-connected devices and services, has announced the acquisition of the assets that comprise the Akamai Identity Services (AIS) product from Akamai (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences. Adding TV Everywhere (TVE) type service capabilities to the Verimatrix portfolio underscores the importance of a common authentication system to reduce friction within the content distribution workflow and ultimately support new ways to increase the value of the content chain on a global level.

C-COM Reports a 71% increase in Revenue, 30th Consecutive Profitable Quarter

Ottawa, Canada, Oct. 15, 2018 — C-COM Satellite Systems Inc. (TSXV: CMI), a leading global provider of mobile auto-deploying satellite antenna systems, announced today financial results for the third quarter ended August 31, 2018.C-COM said it generated revenues of CDN$ 4,002,223 and a net after tax profit of CDN$ 641,930 or 2 cents per share. This compared with revenues of CDN$ 2,341,016 and a net after tax profit of CDN$ 130,183 or 0 cents per share as reported in the same quarter of 2017, representing an increase of 71% and 393% respectively.

Harris Corp., L3 Technologies Combine in Merger

New York, NY, Oct. 14, 2018 — Harris Corporation (NYSE:HRS) and L3 Technologies, Inc. (NYSE:LLL) have agreed to combine in an all stock merger of equals to create a global defense technology leader, focused on developing differentiated and mission critical solutions for customers around the world. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, L3 shareholders will receive a fixed exchange ratio of 1.30 shares of Harris common stock for each share of L3 common stock, consistent with the 60-trading day average exchange ratio of the two companies.

Boeing HorizonX Ventures Invests in Accion Systems to Accelerates Development of Satellite Propulsion Capabilities for LEOs and MEOs

Chicago, Il., Oct. 10, 2018  Boeing [NYSE: BA] is investing in Accion Systems Inc., a Boston, Mass.,-based startup pioneering scalable electric propulsion technology to transform satellite capabilities in and beyond Earth's orbit.

IRG Becomes Satcoms Innovation Group

 Isle of Man, Oct. 9, 2018 – The Satellite Interference Reduction Group today announced it is expanding its reach to encompass all types of innovation within the satellite communications industry. As part of that expansion, it has changed its name to Satcoms Innovation Group (SIG). SIG was officially launched today during Satellite Technology Asia in Singapore. The event is being co-hosted with Intelligence-Sec.

NEP Group Acquires SIS LIVE

Pittsburgh, PA, Oct. 9, 2018  — NEP Group, a worldwide outsourced technical production partner supporting premier content producers of live sports and entertainment, announced today its acquisition of SIS LIVE Limited, a leading provider of connectivity services and a subsidiary of UK-based Sports Information Services (SIS).