Maxar Technologies today announced its intent to exercise its call option to take full ownership of 3D data and analytics firm Vricon for approximately US$ 140 million, or approximately US$ 115 million net of estimated cash at closing.

To fund the transaction, Maxar intends to issue US$ 150 million in aggregate principal amount of new senior secured notes. Maxar has also agreed to repurchase $150 million in aggregate principal amount of existing notes using the proceeds of the recent sale of its MDA business.

Redwire announced today that it has acquired Made In Space (MIS), a provider of  on-orbit space manufacturing technologies. The acquisition also includes Made In Space Europe, based in Luxembourg and a sister company to the U.S. organization, which provides space-capable robotic systems to the global space industry.

Broadband Forum CEO Robin Mersh today congratulated the broadband industry on its response to COVID-19 and how it has risen to the challenge of the unprecedented spike in traffic it brought – but warned the pandemic has highlighted the urgent need for work to continue on automation and bridging the digital divide.

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS)announced today that it will acquire CPI ASC Signal Division, Inc. from Communications & Power Industries LLC (CPI) for US$ 35 million in cash.  ASC is a manufacturer of high-performance, highly engineered antenna systems for satellite communications, radar, electronic warfare (EW), and high-frequency (HF) applications. The transaction is expected to close within the next 60 days, subject to normal and customary closing conditions and regulatory approvals.

Baylin Technologies Inc. (TSX: BYL)  a diversified, global wireless technology company focused on research, design, development, manufacturing and sales of passive and active radio frequency products and services, today announced its financial results for the three months ended March 31, 2020.

All amounts are stated in Canadian dollars unless otherwise indicated.

QUARTERLY HIGHLIGHTS

Satellite rideshare launch provider Spaceflight Inc. announced its acquisition by Mitsui & Co., Ltd. in partnership with Yamasa Co., Ltd. is now complete with the final review of the Committee on Foreign Investment in the United States (CFIUS).

Communications & Power Industries LLC (CPI) has successfully completed the purchase of SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics. The transaction was funded using a new committed debt financing.

Intelsat S.A. (OTC: INTEQ), today announced financial results for the three months ended March 31, 2020. Intelsat reported total revenue of US$ 458.8 million and net loss attributable to Intelsat S.A. of US$ 218.8 million for the three months ended March 31, 2020. Intelsat reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 263.3 million and Adjusted EBITDA1 of US$ 294.0 million, or 64 percent of revenue, for the three months ended March 31, 2020.

The May 2020 issue of  the Satellite Executive Briefing magazine  is now available.  Featuring:

Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for its third fiscal quarter ended April 30, 2020 and provided an update on business developments and the UHP and Gilat acquistions.

Fiscal 2020 Third Quarter Highlights