News Analysis

Comtech Announces Financial Results for the First Quarter of Fiscal 2025

Chandler, Ariz. January 13, 2025 – Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported financial results for its first fiscal quarter ended October 31, 2024. In addition, Comtech separately announced today that its Board of Directors (the “Board”) has named Ken Traub as President and Chief Executive Officer, effective immediately, in addition to his current role as Chairman, and that the Board and management team are undertaking a series of prompt and decisive actions to address the company’s current challenges and build a stronger company for long-term. 

NOVELSAT and AYECKA Merger

Ra'anana, Israel, January 8, 2025 – Satellite service providers NOVELSAT,and AYECKA, announce their unification, creating a single, unified company. This strategic union combines the companies' complementary technologies and expertise, positioning the converged company to offer end-to-end solutions across multiple markets, including broadcast, media, government, defense, mobility, and IoT.

ETL Acquires Spacepath Communications

Hereford, UK, January 8, 2025--ETL announced that it has acquired high-power amplifier (HPA) manufacturer Spacepath Communications. This strategic move aligns with ETL’s mission to provide innovative, high-quality solutions that meet the evolving demands of its customers according to a company statement. 

Gilat Completes Acquisition of Stellar Blu Solutions LLC

Petah Tikva, Israel, January 7, 2025 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) today announced that it has successfully closed the acquisition of Stellar Blu Solutions LLC , a US-based provider of next-generation SATCOM terminal solutions.

Space42 and ICEYE Announce Joint Venture to Bring Satellite Manufacturing to the UAE

Abu Dhabi, UAE, December 9, 2024--Space42 (ADX: SPACE42)  and ICEYE, a provider of  Synthetic Aperture Radar (SAR) satellite operations for high-fidelity Earth Observation, today announced the creation of a joint venture to manufacture SAR satellites in the UAE, building on their successful cooperation, which includes the recent launch of the UAE's first SAR satellite, Foresight-1, in August 2024.

Neo Space Group Acquires Airbus' UP42 Earth Observation Business

Riyadh, Saudi Arabia, Dec. 3, 2024-- Neo Space Group (NSG), a Public Investment Fund-owned company and Saudi Arabia's leading commercial space services provider, has announced today that the company has entered into a definitive agreement with Airbus Defence and Space (Airbus) to acquire its UP42 business, a next-generation earth observation digital platform, subject to the satisfaction of customary closing conditions, including required regulatory clearances. UP42, launched by Airbus in 2019 in Berlin, Germany, is a pioneer in streamlining access to and deriving insights from geospatial data via a cloud-based platform.

Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2024

Ottawa, Canada, November 14, 2024 –  Satellite operator Telesat (NASDAQ and TSX: TSAT) today announced its financial results for the three and nine month periods ended September 30, 2024. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (IFRS) unless otherwise noted.

Gilat Reports Revenues Increased by 17% Year-over-Year

Petah Tikva, Israel, November 13, 2024 — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT),today reported its results for the third quarter, ended September 30, 2024. The company reported  revenues of US$ 74.6 million, up 17% compared with US$ 63.9 million in Q3 2023;