News Analysis

Chandler,Ariz., March 3, 2025– Comtech Telecommunications Corp. (NASDAQ: CMTL)  today announced an amendment to its senior secured credit agreement that cures the covenant breaches as of January 31, 2025, that the company had disclosed it anticipated in its earnings release, 10Q and conference call on January 13, 2025. The agreement also provides for improved financial flexibility with the suspension of the fixed charge coverage ratio and the net leverage ratio covenants in the senior secured credit agreement such that the next test will be for the quarter ending on October 31, 2025. Furthermore, the agreement reduces the interest rate on the senior secured loans.

New York City, NY, March 1, 2025 - The South China Sea is a triangle of ocean bordered by Vietnam, the Philippines, Taiwan, Indonesia – and China. In 1988, strange things started happening there. China’s Navy fired on three Vietnamese vessels, sinking them and killing 74 sailors. The dispute was over China’s claim to a group of mostly uninhabited islands far beyond its territorial waters. 

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.

The February 2025 issue of the Satellite Executive Briefing is now available.  Featuring:

Satellite Industry Disruption by Bruce Elbert

A Rising China in the Global Market by Blaine Curcio

Executive Roundtable on the Small and Medium Satellite Manufacturing Market featuring Gordon Wasilewski, Business Development Manager, Creotech Instruments; Andrew Swain, Business Development Manager, NanoAvionics (A Kongsberg Company); Carol Craig – CEO and Founder, Sidus Space; Alex da Silva Curiel, Business Development Manager, Surrey Satellite Technology, Ltd..

Where AI is Paying Off for Satellite Service Providers by Robert Bell

Company Spotlight: ND Satcom: Looking Back at the Past Year,  Going Forward in 2025

Executive Spotlight: iKOMG Co-Founder Shmulik Koren on Content Distribution for  the Religious Broadcast Market

Plus   Mergers and Acquisitions, Market Trends, Executive Moves, Vital Stats and many more. Click here to read or download the file

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.