News Analysis

Stockholm, Sweden, February 20, 2025--Satelltie operator Ovzon  released its year-end results for the period January–December 2024.  Revenues for the period was Swedish Kroner 107 million (approximately US$ 10.4 million) resulting in operating loss of Swedish Kroner 18 million (approx. US$ 1.69 million).  Highlights of the results are as follows (all amounts ar MSEK--Million Swedish Kroner):

Mahia, New Zealand. February 19, 2025 – Rocket Lab USA, Inc. (Nasdaq: RKLB) today successfully launched its 60th Electron to deploy the next satellite in the Earth-imaging satellite constellation of real-time space-based intelligence company BlackSky.

Paris, France,February 14, 2025–The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), chaired by Dominique D’Hinnin, released the financial results for the Half Year ended  December 31, 2024.  The company reported operating verticals revenues of €600m-up 3.9% like-for-like and adjusted EBITDA margin of 55.2%.

 McLean, Va., Feb. 13, 2025 - Iridium Communications Inc. (Nasdaq:IRDM) today reported financial results for the fourth quarter and full-year 2024 and issued its full-year 2025 guidance. Net income was US$ 36.3 million, or US$ 0.32 per diluted share, for the fourth quarter of 2024, as compared to net income of US$ 38.0 million, or US$ 0.30 per diluted share, for the fourth quarter of 2023. Operational EBITDA (OEBITDA)(1) for the fourth quarter was US$ 117.1 million, as compared to US$ 114.1 million for the prior-year period, representing a year-over-year increase of 3%.

Theale, Berkshire, UK,  February 3, 2025--Cohort PLC has completed the acquisition of Australian satellite communication terminal specialist, EM Solutions, expanding its naval defence offer and reinforcing the group’s presence in Australasia.

Falls Church,Va, February 1, 2025–Northrop Grumman Corporation (NYSE: NOC) and Serco Inc., today announced a definitive agreement for Serco Inc. to acquire Northrop Grumman’s training services business for US$ 327 million in cash. The transaction is expected to close mid-year 2025, subject to regulatory approvals and customary closing conditions.

TECHBrief Report on Ground System Requirements for Software Defined Satellites sponsored by ST Engineering iDirect 

Featuring:

Ground Systems for Software Defined Satellites by Elisabeth Tweedie

Ground Networks in a Software-Defined Era: Key Requirements by Jo de Loor

To read or download the pdf of full report click here.

Dubai, UAE, January 23, 2025 –Satellite operator ABS Group reports full-year results the twelve months ended 30 September 2024 and update on recent developments.  The company reported revenues of US$ 66.3 million, down 4% YoY under very competitive market conditions. Adjusted EBITDA was US$ 35.9 million at 54% margin.

Jacksonville, Fla., January 20, 2025--Redwire Corporation (NYSE: RDW),announced that it has signed a definitive agreement to acquire Edge Autonomy, a  provider of field-proven uncrewed airborne system (UAS) technology. Under the terms of the merger agreement, Redwire will acquire Edge Autonomy for US$ 925 million on a debt free, cash free basis and subject to customary working capital, cash and debt adjustments.