News Analysis

Singapore, November 17, 2020 – ST Engineering today announced that effective January 1, 2021, the company will be reorganized as Commercial and Defence & Public Security clusters, replacing the sector-structure of Aerospace, Electronics, Land Systems and Marine.

Petah Tikva, Israel, Nov. 10, 2020--Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT),  today reported its results for the third quarter ended September 30, 2020. Revenues were US$ 37.3 million; compared to US$ 63.4 million in Q3 2019 and similar to that of the previous quarter.   GAAP operating loss was US$ 10.9 million compared to operating income of US$ 7.0 million in Q3 2019 and an operating loss of US$ 3.5 million in the previous quarter. The GAAP operating loss in the quarter includes $8.2 million in expenses related to the Comtech merger and litigation and their effects.

by Robert Bell

New York City, November 8, 2020--It’s not often in a technology business that billions in investment and revenue depend on one of the humblest components of the tech system. But that’s certainly the case for the existing MEO and fast-emerging LEO markets.  Those billions have gone into building spacecraft and launching them, gaining regulatory approvals and landing rights, and developing the complex systems to manage orbital paths and device handoffs.  With those items under control, the entire business proposition has come to rest on the development of a low-cost, high-performance antenna able to acquire and hand off multiple satellites passing overhead.  

New York City, NY, November 6, 2020--It’s the moment you dread. You reach into your pocket or handbag – and your phone isn’t there. A flash of panic runs through you. Where is it? Lost? Stolen? You rush online and use the “find my phone” feature to see where it is. And there it is at the restaurant where you left it last night.

The November 2020 issue of  the Satellite Executive Briefing magazine focusing on the Military Satellite Market sponsored by Comtech EF Data is now available.  Featuring:

The Military Satellite Market by Virgil Labrador

Executive Roundtable on Internet of Things via Satellite by Bernardo Schneiderman

Case Study: Building a Defense VSAT Network for the Egyptian MoD

TechBrief: Steering Sub-Saharan Communities to a Digital, Connected Future

Executive Spotlight:  Ali  Al-Kuwari, CEO-Es’hailSat

When the Future Depends on Being Flat by Robert Bell

Virtual CABSAT 2020 in GVF's Cyberspace... by Martin Jarrold

Better Satellite World Series: Where's My Stuff

PLUS Product and Services Spotlight, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, and many more. Click here to read or download the file

McLean, Va., November 5, 2020-- Intelsat S.A. (OTC: INTEQ), today reported total revenues of US$ 489.4 million and net loss attributable to Intelsat S.A. of US$ 15.9 million for the three months ended September 30, 2020. Intelsat reported EBITDA, or earnings before net interest, gain on early extinguishment of debt, taxes and depreciation and amortization, of US$ 266.7 million and Adjusted EBITDA of US$ 332.9 million, or 68% of revenue, for the three months ended September 30, 2020.

Sydney, Australia, Nov 2, 2020--Following a two-year partnership, which has delivered NBN Co's Business Satellite Services to businesses across Australia, Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDQ) has today announced it has sold selected functions of its wholly-owned subsidiary and dedicated entity, Speedcast Managed Services, to Australian government-owned infrastructure provider, NBN Co.

Paris, France, October 29, 2020--Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2020. The company reported Operating Verticals revenues of €307 million, down 1.9% like-for-like and total revenues down 0.7%. Backlog of €4.4bn, up 3% year-on-year.

McLean, Va., Oct. 20, 2020-- Iridium Communications Inc. (Nasdaq: IRDM)today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020, as compared to net loss of US$ 18.0 million, or US$ 0.14 per diluted share, for the third quarter of 2019.  This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period. 

Ottawa, Canada, October 20, 2020 – C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF), a provider of mobile auto-deploying satellite antenna systems, announced today its financial results for the third quarter ended August 31, 2020. C-COM generated revenues of CDN $1,773,918 and net after tax income of CDN $210,856 or 1 cent per share. This compared with revenues of CDN $1,453,446 and a net after tax loss of CDN $346,290 or -1 cent per share for Q3, 2019 - representing increases of 22% and 161% respectively.