Americas Markets - Latest Developments
Peraton, a portfolio company of Veritas Capital, has entered into a definitive agreement to acquire Solers, a leading provider of software development and systems integration for space situational awareness, satellite ground systems and operations, cybersecurity engineering, and enterprise cloud-based solutions.
Raytheon Company and United Technologies Corp. have entered into an agreement to combine in an all-stock merger of equals. The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defense. The merger of Raytheon, a leading defense company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defense technologies.
Intelsat S.A. (NYSE: I) announced today that its indirect wholly-owned subsidiary, Intelsat Jackson Holdings S.A., intends to offer US$ 300 million aggregate principal amount of its 9.750% senior notes due 2025 (the “Notes”). The offering would constitute an offering of additional notes having the same terms as Intelsat Jackson’s existing 9.750% Senior Notes due 2025 (other than issue price).
Three editions of the AI for Good Global Summit have showcased numerous artificial intelligence (AI) projects with promise to advance the United Nations Sustainable Development Goals (SDGs). From summit to summit, participants have recognized the significance of the leap from AI promise to global impact, a leap that they plan to take together with the development of an 'AI Commons'?
Comtech Telecommunications Corp.’s (NASDAQ: CMTL) net sales for the third quarter of fiscal 2019 rose to $170.4 million compared to the US$ 147.9 million achieved during the third quarter of fiscal 2018, representing an increase of US$ 22.5 million, or 15.2%.
Net sales for the first nine months of fiscal 2019 were US$ 495.4 million compared to the US$ 403.2 million achieved during the first nine months of fiscal 2018, representing an increase of US$ 92.2 million, or 22.9%.
The Asia Video Industry Association (AVIA) will be hosting its annual Satellite Industry Forum (SIF) at the Four Seasons Hotel, Singapore on 17 June 2019.
This year, SIA welcomes Steve Collar, president and CEO of SES, as he gives a keynote presentation and shares his views about spectrum war.
Managing new business challenges should encompass the entire satellite workflow and make it far easier to set up satellite antennas, reduce operator fails/ issues and ensure entire networks are continuously and automatically monitored. Integrasys has already worked and continues to do so, with a few satellite operators to drastically reduce running costs through better tools for installation and monitoring. Yet, there is one area that remains very tricky complicated and that is the process of buying and selling satellite capacity.
Following-on from the Aberdeen, Scotland, Oilfield Connectivity 2019 event back in May, the GVF-EMP Partnership will be presenting its next event – Cellular Backhaul 2019: Satellite and the 5G Journey (www.uk-emp.co.uk/current-events-zone/cellular-backhaul-2019/) – as an embedded feature of the biggest 5G-dedicated event in the world, taking place on 13 June at London’s Docklands ExCeL Center.
LiveU, a provider of live IP video solutions, is pleased to announce that Francisco Partners, a global technology-focused private equity firm, together with co-investor IGP Capital, have acquired LiveU from its existing shareholders.
The Board of Directors of Inmarsat and majority of its shareholders have voted on May 10 in favor of the acquisition of a consortium, comprising Apax, Warburg Pincus, and a pair of Canadian pension funds for US$3.3 billion (€2.9 billion) for the satellite operator.
The deal is expected to close in Q4 this year following regulatory approvals. The offer of acquisition was first reported in March this year.
