Telesat today announced its financial results for the three and six-month periods ended June 30, 2021. Adjusted EBITDA was CDN$ 149 million, a decrease of 10% ($16 million) or, when adjusted for foreign exchange rates, a decrease of 3% (CDN$5 million). The Adjusted EBITDA margin1 for the second quarter of 2021 was 79.2%, compared to 79.1% in 2020.
Note: All amounts below are in Canadian dollars.
“And now for something completely different.” Words first uttered by John Cleese in 1971, and repeated by Lorraine Whitfield, Chief Events and Marketing Officer, Euroconsult, at the opening of this year’s World Satellite Business Week. Words that sum up, not only this conference, being the first time that WSBW has been a virtual conference, but words that also sum up this year for most of us.
Hanwha, a South Korean Fortune 500, global technology and manufacturing company has announced a US $300 million equity investment by its subsidiary Hanwha Systems in OneWeb, the Low Earth Orbit (LEO) satellite communications company. This investment brings OneWeb’s total equity investment since November 2020 to US $ 2.7 Billion with no debt issuance. The investment is expected to be completed in the first half of 2022, subject to regulatory approvals.
-Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its fourth quarter of fiscal 2021, it was awarded multiple contracts aggregating $3.6 million from a U.S. system integrator for X-band SSPAs and BUCs for transportable satellite communication terminals.
Mission Microwave Technologies, LLC, a manufacturer of highly efficient Solid State Power Amplifiers (SSPAs) and Block Upconverters (BUCs) continues to receive new and follow-on orders for its 200 watt Titan BUCs for use in a variety of satellite constellations. Mission Microwave’s terminal integrator customers have been deploying the Ka-Band Titan BUC in volume since 2017. Titan Ka-band BUC orders placed and scheduled for delivery in 2021 exceed US$ 8 million.
The SpaceTech sector experienced another record-breaking quarter of venture financing in Q2 2021, both in terms of amounts invested and deals done, according to the latest figures from the Seraphim SpaceTech Venture Capital Index (“the Index”) published today.
Al Yah Satellite Communications Company PJSC listed on the Abu Dhabi Securities Exchange (“ADX”) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), oday announced its financial results for the period 1st half 2021 ended 30 June 2021. In its first announcement after the successful completion of its initial public offering (the "IPO") on 14 July 2021, Yahsat reported robust financial performance for the first half of 2021, showing strong results across all operating segments.
According to new research from Trends Market Research, the Global Satellite Launch Vehicle Market will grow at a Compounded Annual Growth Rate (CAGR) of 4.2% from 2017 to 2026. Growing remote sensing applications is one of the major factor fuelling market growth.
The World Teleport Association (WTA) today named Sean McDaniel, CEO, ATLAS Space Operations as the 2021 Teleport Executive of the Year. Mr. McDaniel will accept the award at the 2021 Teleport Awards Celebration on September 8 during the SATELLITE 2021 conference in Washington, DC. The Teleport Executive of the Year award is presented to an individual for demonstrated entrepreneurship, leadership and innovation in the development or operation of a teleport-based business.
SpaceX is acquiring the small-satellite data provider Swarm Technologies, absorbing the startup’s roughly 30 employees and its network around 150 tiny satellites. The deal is extremely rare for SpaceX, which normally manufactures its rocket and satellite hardware in-house or hires subcontractors according to analysts.
