News Analysis

New York City, NY, September 3, 2020--For all of history, water has been the stuff of life, flowing in rivers nearby or drawn up from the hidden streams that flow underground.  

Ottawa, Canada, September 3, 2020--Calian Group has acquired Tallysman Wireless, a manufacturer of precision Global Navigation Satellite Systems (GNSS) antennas, and related components.The definitive agreement is valued at up $24.5 million. Amount paid on closing is $15.7 million (net of cash received) and contains two earnout periods of $4M and $4.8M based on the achievement of a certain level of EBITDA performance over the next 30 months. Tallysman’s results will be consolidated and reported with Calian’s Advance Technology segment.

Lake Forrest, Calif., September 2, 2020--Applied Composites Holdings announced today that it has acquired Alliance Spacesystems, a leading, vertically integrated provider of high-performance composite structures and assemblies for the commercial, civil and government satellite market.

McLean, VA, August 31, 2020–Despite being in bankruptcy proceedings,  Intelsat (OTC: INTEQ), today announced that it has entered into a definitive agreement to acquire the commercial aviation business of Gogo (NASDAQ: GOGO), the largest global provider of in-flight broadband connectivity, for US$ 400 million in cash, subject to customary adjustments.

Redmond, Wash., August 18, 2020--Kymeta Corporation acquired Lepton Global Solutions LLC  which will become a wholly owned direct subsidiary of Kymeta Corporation. Established in 2013, Lepton Global Solutions is a provider of satellite-based customized turnkey communications solutions and services with expertise in the Intelligence Community (IC), Special Operations Command (SOC) and other government sectors.

Betzdorf, Luxembourg, August 7, 2020--Satellite operator SES reported 1^st half 2020 results in line with expectations and continued underlying growth in Networks of +7.1% year-on-year and  revenues of EUR 947.5 million, -1.5%  decrease as reported with underlying revenue 2.4% lower than H1 2019.

Cedar Rapids, Iowa, August 4, 2020--BAE Systems has completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation. Based in Cedar Rapids and Coralville, Iowa, with a workforce of approximately 700 employees, the Military GPS business has been a pioneer in its field for more than 40 years and has a global installed base in excess of 1.5 million devices on more than 280 airborne, ground, and weapon system platforms.

Paris, France, July 31, 2020--The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), chaired by Dominique D’Hinnin, released the company's financial results for the fiscal year ended June 30, 2020. It reported total revenues of of €1,278 million--a 3.9 percent decrease from the previous fiscal year 2018-2019 on a reported basis and by -5.0% like-for-like. 

Paris, France, July 31, 2020 -Eutelsat Communications (Euronext Paris: ETL) has reached an agreement with Bigblu Broadband to acquire its European satellite broadband activities. Bigblu Broadband is the largest distributor of satellite broadband packages in Europe with a proven track record, as evidenced by its success as the main Gold member of Euro Broadband Infrastructure’s Preferred Partnership Programme since 2019.

Ottawa, Canada, July 30, 2020--For the quarter ended June 30, 2020, Telesat reported consolidated revenue of CDN$ 208 million, a decrease of 10% (CDN $23 million) compared to the same period in 2019. When adjusted for changes in foreign exchange rates, revenue declined 11% (CDN$ 25 million) compared to 2019.