News Analysis

Petah Tikva, Israel, August 12, 2015-Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a provider  of satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2015.  

Lake Forrest, Calif, August 7, 2015--Panasonic Corporation today announced that it has completed its acquisition of ITC Global, a leading provider of satellite communication services for the energy, mining, and maritime markets.

Carlsbad, Calif. Aug. 6, 2015--ViaSat Inc. (NASDAQ: VSAT) announced financial results for the fiscal first quarter ended June 30, 2015.  Fiscal first quarter Adjusted EBITDA grew nearly 30% year-over-year to US$ 77.5 million. Revenues grew to $344.4 million, up 8% from the prior year period.

Englewood, Colo., August 6, 2015 – EchoStar Corporation (NASDAQ: SATS) today reported total revenue of US$ 794 million for the quarter ended June 30, 2015 compared to US$ 880 million for the corresponding period in 2014.  Net income attributable to EchoStar common stock was US$ 33.9 million and diluted earnings per share was $0.36 for the quarter ended June 30, 2015, compared with net income attributable to EchoStar common stock of US $33.8 million and diluted earnings per share of $0.36 during the corresponding period in 2014.

Cedar Rapids, Iowa, August 6, 2015--Rockwell Collins has acquired Newport News, Virginia-based International Communications Group (ICG), a leading provider of satellite-based global voice and data communication products and services for the aviation industry.

Dulles, Va, August 6, 2015--Orbital ATK, Inc. (NYSE: OA) today announced both GAAP and adjusted financial results for the second calendar quarter ended July 5, 2015. Orbital ATK reported GAAP revenues of US$ 1,130 million for the second quarter of 2015 compared to US$ 714 million in the same quarter in 2014.

Middletown, R.I., August 4, 2015--KVH Industries, Inc., (Nasdaq: KVHI) reported financial results for the second quarter ended June 30, 2015 today.  Overall revenues grew 10% to US$ 44.9 million (consensus $44.0 million), reflecting service growth of 35% (organic growth of 6%) and a 14.5% decline in hardware revenues (largely defense-related). 

Mexico City, August 3, 2015- Private equity fund manager Northgate Capital has acquired a majority stake in Elara Comunicaciones, S.A.P.I. de C.V. through a transaction in which Northgate will invest up to US$ 38 million in both primary and secondary transactions.

Ottawa, Canada, July 30, 2015--For the quarter ended June 30, 2015, Telesat reported consolidated revenue of CDN$ 227 million, an increase of CDN$ 1 million compared to the same period in 2014. During the quarter, the U.S. dollar was 13% stronger than it was during the second quarter of 2014, resulting in a positive impact on the conversion of U.S. dollar denominated revenue and a negative impact on the conversion of U.S. dollar denominated expenses.

McLean, Va., July 30, 2015--Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the second quarter of 2015 and updated its full-year 2015 and long-range outlook. Net income was US$ 26.0 million, or US$ 0.21 per diluted share, for the second quarter of 2015, as compared to US$ 15.0 million, or US$ 0.14 per diluted share, for the second quarter of 2014.