Global Markets - Latest Developments


Washington, D.C., March 5, 2020

Satellite 2020, the industry's premier event will go on as scheduled from Monday, March 9-12 according to the organizers. Booth set-up begins today.  "We confirm that SATELLITE 2020 will take place as planned.  Our duty to the community is to foster an environment that encourages business discussions among many sectors and continue progression of innovation in the satellite and space industries," said show director Lindsay Fuller.

The organizers issued a statement on March 4, which says as follows:

Melville, NY, March 4, 2020

Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2020 and updated its fiscal 2020 guidance. The company reported net sales for the second quarter of fiscal 2020 were $161.7 million.

Fiscal 2020 Second Quarter Highlights

Strasbourg, France, March 2, 2020 by Omkar Nikam

The past year saw major traction in the global space sector from  both the government and private sectors. As many governments have taken the initiative to use space as an essential asset for the national economy, satellite applications are making inroads in the space market. 

Ruppichteroth, Germany, March 2, 2020 by Virgil Labrador, Editor-in-Chief

In September 2019, Latin America-based Axesat and Germany-based CETel, two leading companies  in the provision of satellite communications solutions, announced a merger to form AXESS Networks. Supported by Aksiom Group Limited, a specialist in the development of high growth technical services companies,  the new company has a substantial presence in the Americas, Europe, Middle East and Africa.

Ottawa, Canada, February 27, 2020

Telesat today announced its financial results for the three-month and one-year periods ended December 31, 2019. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. For the year ended December 31, 2019, Telesat reported consolidated revenue of $911 million, an increase of 1% ($8 million) compared to the same period in 2018.

McLean, Va, February 25, 2020

Iridium Communications Inc. (Nasdaq:IRDM)  today reported financial results for the fourth quarter of 2019 and issued its full-year 2020 guidance. Net loss was $107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019, as compared to net loss of $7.6 million, or $0.09 per diluted share, for the fourth quarter of 2018.

London, UK, February 20, 2020

A diverse and innovative programme of speakers – together with a cross cutting group of companies representing the satellite, cloudend-user groups and communications industries consisting of over 80 registered companies – characterises the uniqueness of ‘Satellite & The Cloud 2020Deployments Across the Satellite Driven Value Chain’ conference, which takes place at London’s Leonardo Royal

Luxembourg, Feb. 20, 2020

Intelsat S.A. (NYSE: I), today announced financial results for the three months and full-year ended December 31, 2019. Intelsat reported total revenue of $517.0 million and net loss attributable to Intelsat S.A. of $115.0 million for the three months ended December 31, 2019. For the year ended December 31, 2019, Intelsat reported total revenue of $2,061.5 million and net loss attributable to Intelsat S.A. of $913.6 million.

Petah Tikva, Israel – February 19, 2020

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2019.

Key Financial Highlights: