News Analysis

Petah Tikva, Israel,  August 9, 2022 –Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) today reported its results for the second quarter ended June 30, 2022. The company reported reported revenues of US $55.5 million, operating profit of  US $1.5 million and Adjusted EBITDA of US$ 5.3 million.

Luxembourg City, August 4, 2022--The number 1 and number 2 leading global satelltie operators, SES and Intelsat are reportedly engaging in possible merger talks according to various media reports.  The story was first released by the Financial Times. The merger, if borne into fruition will create the largest satellite company in the world with over 100 Geostationary satellites generating over US$ 4 Billion in annual revenues.

Madrid, Spain, August 4, 2022--HISPASAT signed a line of credit for the amount of 250 million euros with a group of five financial institutions composed of CaixaBank, acting as the agent bank of the operation and sustainability coordinator, BBVA, Societé Generale, Bankinter and Kutxabank.

Reston, Va, August 1, 2022 – SES and its wholly-owned subsidiary SES Government Solutions (SES GS) today announced the completion of the acquisition of DRS Global Enterprise Solutions (GES) from Leonardo DRS for US$ 450 million after obtaining all the necessary regulatory approvals. The DRS GES business will be combined with SES GS to create a scaled solutions provider serving the multi-orbit satellite communications needs of the US Government and supporting missions anywhere on land, at sea, or in the air. 

Paris, France, July 25, 2022--Eutelsat and key OneWeb shareholders sign a Memorandum of Understanding with a view to combining Eutelsat and OneWeb in an all-share transaction. Eutelsat shareholders and OneWeb shareholders would each hold 50% of the Eutelsat shares. Eutelsat will combine its 36-strong fleet of GEO satellites with OneWeb’s constellation of 648 low Earth orbit satellites, of which 428 are currently in orbit. 

Northumberland, UK, July 19., 2022--Raytheon Intelligence & Space announced its intention  to acquire space domain awareness, orbital analysis, space surveillance and tracking start-up, Northern Space and Security (NORSS).

The July-August 2022 issue of the Satellite Executive Briefing magazine sponsored by Spacebridge is now available.  Featuring:

Winds of Change in the Asia-Pacific Market by Blaine Curcio

Executive Roundtable on the Latin American Satellite Broadband Market by Bernardo Schneiderman

Munich, Germany, July 5, 2022 -Mynaric (NASDAQ:MYNA)(FRA:M0Y) and L3Harris (LHX) today signed agreements related to an investment in Mynaric by L3Harris and to future collaboration. With the strategic investment, the companies seek to build on their existing collaboration in the airborne domain and widen the scope to cover all domains including space, air, maritime and ground. Pursuant to the agreements, L3Harris will invest approximately EUR 11.2 million by means of a capital increase from authorized capital (under exclusion of subscription rights) and acquire 409,294 new bearer shares of Mynaric at a price of around EUR 27.37 per share. Following the capital increase, L3Harris will initially own 7.2% of Mynaric's total shares.

Oslo, Norway, July 5, 2022 – Kongsberg Defence & Aerospacehas entered into an agreement to acquire Lithuanian smallsat mission integrator and bus manufacturer NanoAvionics. NanoAvionics is a leading smallsat mission integrator and bus manufacturer with significant global growth in recent years, including expansions into the United Kingdom and the United States.

London, UK, July 1, 2022-- Providence Equity Partners completes of the acquisition of a majority shareholding  from Apax Partners SAS.
 Under the agreement terms, Apax will retain a significant minority shareholding in Marlink, and the current management team and Ardian have also committed to minority interests.