News Analysis

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.

McLean, Va., July 28, 2020 – Iridium Communications Inc. (Nasdaq: IRDM) today reported financial results for the second quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 12.4 million, or US$ 0.09 per diluted share, for the second quarter of 2020, as compared to net loss of $18.1 million, or $0.16 per diluted share, for the second quarter of 2019.

Thousand Oaks, Calif., July 22, 2020--Teledyne today reported second quarter 2020 net sales of US$7 43.3 million, compared with net sales of $782.0 million for the second quarter of 2019, a decrease of 4.9%. Net income was US$ 93.7 million ($2.48 diluted earnings per share) for the second quarter of 2020, compared with US$ 104.6 million ($2.80 diluted earnings per share) for the second quarter of 2019, a decrease of 10.4%.

Los Angeles, Calif., July  22, 2020--Global Eagle Entertainment today announced that it has agreed upon a definitive “stalking horse” asset purchase agreement under which substantially all of the company’s assets will be acquired for total consideration of $US 675 million by an entity established at the direction of holders of approximately 90% of the Company’s senior secured first-lien term loans. To facilitate the sale process, Global Eagle and certain of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 

Ottawa, Canada, July 20, 2020 – C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF),announced today financial results for the second quarter ended May 31, 2020. The company generated revenues of $1,061,665 and a net after tax loss of $466,930 or -1 cent per share. This compared with revenues of $2,566,595 and a net after tax profit of $267,342 or 1 cent per share for Q2, 2019 – representing a decrease of 59% and 275% respectively.