Asia Satellite Telecommunications Holdings Limited (SEHK: 1135) announced today its revenue dropped 5% to US$88.39 million (HK$693 million) primarily due to non-renewal of certain customer contracts in mid-2018 and the continued pricing pressures from capacity oversupply in some key markets.

Asiasat said first half 2019 profit attributable to owners, however, was up 4% to US$28.44 million (HK$223 million) as a result of cost controls, favorable currency fluctuations, and reduced tax expenses.

Shares of EchoStar Corp. declined 7.3% following the company’s 2Q19 earnings release, reflecting disappointment with the company’s subpar EBITDA performance and one-time charges. Following the decline, shares of EchoStar  are now trading at 4.9x the consensus 2020 EBITDA forecast, which represents a discount to both the stock’s long-term average and its closes peer group competitor Viasat.

Viasat Inc. (NASDAQ: VSAT), reported strong first quarter fiscal year 2020 performance with a year-over-year revenue increase of 22%, net loss decrease of 66% and Adjusted EBITDA growth of 115% for the fiscal first quarter ended June 30, 2019.

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), today reported its results for the second quarter ended June 30, 2019. Gilat said renues for Q2 2019 totaled $59.7 million compared with US$ 66.5 million for Q2 2018. Its Q2 2019 GAAP operating income increased 17.9% to US$ 4.9 million from US$ 4.1 million in Q2 2018 while Q2 2019 Non-GAAP operating income rose to US$ 6.3 million, or by 10.8% from Q2 2018.

SpaceX’s Falcon 9 rocket successfully lifted off from Space Launch Complex 40 of the Cape Canaveral Air Force Station, Florida, the AMOS-17 satellite for Spacecom (Tel Aviv Stock Exchange: SCC). Liftoff occurred at 7:23 p.m. EDT, or 23:23 UTC and the satellite was deployed approximately 31 minutes after liftoff.

NAGRA, a Kudelski Group (SIX:KUD.S) company and a provider of content protection and multiscreen television solutions, in partnership with MTM, a leading international research and strategy consultancy, today released the key findings of the U.S. edition of the 2019 Pay-TV Innovation Forum.

Communications & Power Industries LLC (CPI) has entered into an agreement to purchase SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics.

Satellite operator Thaicom Public Company Limited (THCOM),announced its financial results for the second quarter ended 30 June 2019. Thaicom reported a decrease in net profit compared to the previous quarter and the same quarter of last year due to the recognition of several extra expenses.

Thaicom reported revenue from sales and services for Q2/2019 of US$39.5 million (THB 1,217 million) — down by 18.6% from Q2/2018 and down by 6.6% from Q1/2019 — as a result of reduced satellite utilization and special price adjustment for a major customer.