News Analysis

Munich, Germany, July 5, 2022 -Mynaric (NASDAQ:MYNA)(FRA:M0Y) and L3Harris (LHX) today signed agreements related to an investment in Mynaric by L3Harris and to future collaboration. With the strategic investment, the companies seek to build on their existing collaboration in the airborne domain and widen the scope to cover all domains including space, air, maritime and ground. Pursuant to the agreements, L3Harris will invest approximately EUR 11.2 million by means of a capital increase from authorized capital (under exclusion of subscription rights) and acquire 409,294 new bearer shares of Mynaric at a price of around EUR 27.37 per share. Following the capital increase, L3Harris will initially own 7.2% of Mynaric's total shares.

Portland, OR, July 05, 2022-- According to a report published by Allied Market Research, the global commercial satellite imaging market generated US$3.3 billion in 2021, and is estimated to reach US$9.2 billion by 2031, witnessing a CAGR of 11.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Oslo, Norway, July 5, 2022 – Kongsberg Defence & Aerospacehas entered into an agreement to acquire Lithuanian smallsat mission integrator and bus manufacturer NanoAvionics. NanoAvionics is a leading smallsat mission integrator and bus manufacturer with significant global growth in recent years, including expansions into the United Kingdom and the United States.

London, UK, July 1, 2022-- Providence Equity Partners completes of the acquisition of a majority shareholding  from Apax Partners SAS.
 Under the agreement terms, Apax will retain a significant minority shareholding in Marlink, and the current management team and Ardian have also committed to minority interests.

Melville, NY, June 9, 2022--Comtech today reported results for the third quarter ended April 30, 2022.  Consolidated net sales were US$ 122.1 million, up 1.4% sequentially from Q2 2022 and Adjusted EBITDA  of US$ 11.2 million, a 14.3% sequential increase.

The June 2022 issue of the Satellite Executive Briefing magazine focusing on the Asia-Pacific market sponsored by Comtech is now available.  Featuring:

A Rising Chinese Space Sector: Expectations vs. Reality by Blaine Curcio

Innovations in Satellite Technology by Elisabeth Tweedie

Securing Spectrum Authorization by Rotoiti International

Cambridge, Mass., June 1, 2022-- NSR’s Satellite Capacity Pricing Index, 8^th Edition finds Satellite Operators sitting at a crossroads of multiple macro-economic headwinds, external competitive pressures, and supply chain challenges, driving need for innovative strategies. As pricing stabilizes in Q2 2022, technology efficiencies, supply-demand gap and macro-economic factors trigger increasingly complex pricing negotiations.

by Lou Zacharilla

New York City, June 1, 2022--I am not an economist but rather a keen observer.  I know how to watch a 401k fall to the bottom of an elevator shaft. 

Laussane, Switzerland, June 1, 2022–Astrocast, a nanosatellite IoT network operator, today announced the signing of an agreement to acquire Hiber, a Netherlands-based, IoT-as-a-Service provider. Under the agreement, Astrocast agreed to acquire all of Hiber’s shares in exchange for the issuance of new Astrocast shares, representing 16.5% of Astrocast’s share capital, calculated prior to its previously announced public offering on Euronext Growth Paris. Hiber’s shareholders also agreed to invest €10.45 million in Astrocast’s public offering.