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.

Satellite operator SES reported 1^st 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.

Adjusted EBITDA was EUR 582.0 million, -2.3% as reported (-3.5% at constant FX) compared with H1 2019 and representing an Adjusted EBITDA margin of 61.4% including a 2.2% year-on-year reduction in recurring operating expenses.

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.

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. 

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.

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Iridium Communications Inc. (Nasdaq: IRDM) today reported financial results for the second quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 12.4 million, or US$ 0.09 per diluted share, for the second quarter of 2020, as compared to net loss of $18.1 million, or $0.16 per diluted share, for the second quarter of 2019.

ConnecTechAsia - Asia’s leading Infocomm Media and Technology event organised in partnership with Singapore’s Infocomm Media Development Authority (IMDA),  announces the launch of the first-ever CommunicAsia Awards to be held on 30 Sept at this year’s virtual event.

Global Eagle Entertainment today announced that it has agreed upon a definitive “stalking horse” asset purchase agreement under which substantially all of the company’s assets will be acquired for total consideration of $US 675 million by an entity established at the direction of holders of approximately 90% of the Company’s senior secured first-lien term loans. To facilitate the sale process, Global Eagle and certain of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 

Teledyne today reported second quarter 2020 net sales of US$7 43.3 million, compared with net sales of $782.0 million for the second quarter of 2019, a decrease of 4.9%. Net income was US$ 93.7 million ($2.48 diluted earnings per share) for the second quarter of 2020, compared with US$ 104.6 million ($2.80 diluted earnings per share) for the second quarter of 2019, a decrease of 10.4%.