Global Markets - Latest Developments
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS)announced today that it will acquire CPI ASC Signal Division, Inc. from Communications & Power Industries LLC (CPI) for US$ 35 million in cash. ASC is a manufacturer of high-performance, highly engineered antenna systems for satellite communications, radar, electronic warfare (EW), and high-frequency (HF) applications. The transaction is expected to close within the next 60 days, subject to normal and customary closing conditions and regulatory approvals.
Baylin Technologies Inc. (TSX: BYL) a diversified, global wireless technology company focused on research, design, development, manufacturing and sales of passive and active radio frequency products and services, today announced its financial results for the three months ended March 31, 2020.
All amounts are stated in Canadian dollars unless otherwise indicated.
QUARTERLY HIGHLIGHTS
Satellite rideshare launch provider Spaceflight Inc. announced its acquisition by Mitsui & Co., Ltd. in partnership with Yamasa Co., Ltd. is now complete with the final review of the Committee on Foreign Investment in the United States (CFIUS).
Communications & Power Industries LLC (CPI) has successfully completed the purchase of SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics. The transaction was funded using a new committed debt financing.
Intelsat S.A. (OTC: INTEQ), today announced financial results for the three months ended March 31, 2020. Intelsat reported total revenue of US$ 458.8 million and net loss attributable to Intelsat S.A. of US$ 218.8 million for the three months ended March 31, 2020. Intelsat reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 263.3 million and Adjusted EBITDA1 of US$ 294.0 million, or 64 percent of revenue, for the three months ended March 31, 2020.
The May 2020 issue of the Satellite Executive Briefing magazine is now available. Featuring:
Vertical Markets for Satellite IoT by Hub Urlings, Herbie Rijndorp and Marco Franken
Business Agility Lessons from the COVID-19 Pandemic by Hari Abburi
Satellite Companies' Responses to the COVID-19 Pandemic
The Satellite Ecosystem and COVID-19 by Martin Jarrold
Better Satellite World Series: In Search of the World's Missing Girls
PLUS 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
Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for its third fiscal quarter ended April 30, 2020 and provided an update on business developments and the UHP and Gilat acquistions.
Fiscal 2020 Third Quarter Highlights
The Connecting Africa series of events team has been closely monitoring global developments, alongside those in East and West Africa. As the situation and impact of the coronavirus continues to develop, they have decided to move East Africa Com to a fully virtual event for 2020 on 14 - 15 September and West Africa Com to a fully virtual event for 2020 (30 September - 1 October), uniting the region’s Francophone and Anglophone TMT markets online.
East Africa Com Virtual
Informa Markets today announced that ConnecTechAsia - Asia’s leading Infocomm Media and Technology event organised in partnership with Singapore’s Infocomm Media Development Authority (IMDA), will be held on a virtual platform during the same dates, 29 September to 1 October 2020. This shift to a virtual event is in response to the dynamic situation of the COVID-19 pandemic, where travel and physical restrictions are still in effect globally.
UHP Networks, the Canadian manufacturer of advanced VSAT networking equipment and systems posted record results at the end of its fiscal year ending April 30, 2020. Despite the COVID-19 pandemic and a major economic downturn unfolding in the last quarter, the company recorded highest revenue and profitability in its history.
