Global 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.
CETel, a satellite communications and network service provider, announces the acquisition of UK-based Cobbett Hill Earth Station Limited in terms of an asset purchase transaction for an undisclosed amount.
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%.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its board of directors declared a quarterly cash dividend of $0.10 per share, payable on August 16, 2019, to shareholders of record at the close of business on July 17, 2019.
The dividend is the company’s thirty-sixth consecutive quarterly dividend. Future dividends remain subject to compliance with financial covenants under the company's secured credit facility as well as Board approval.
NSR forecasts THE inflight connectivity (IFC) will be a US$ 36 Billion market over the next decade, as more airlines outfit fleets with high throughput satellite (HTS) services. However, the IFC market endured a challenging 2018 due to delays in installing equipment, indecisions by airlines, and uncertainty on business models, on top of technical and regulatory hurdles according to NSR . Overall, the market lost a bit of its shine as aeronautical connectivity grew in 2018 by US$400 million 40% less than expected. On the bright side, passenger aircraft retail revenues reached more than US$1 Billion for the first time. NSR expects 2019 revenue growth to be the same with a faster pace of inflight connectivity hardware installs to catch up on backlog.
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.
