Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the third fiscal quarter ended April 30, 2021 and updated its financial targets for fiscal 2021. The company reported consolidated net sales of US$ 139.4 million and Adjusted EBITDA of US$ 17.7 million (or 12.7% of consolidated net sales).

Fiscal 2021 Third Quarter Highlights (all figures in US$)

NSR’s latest report, Aeronautical Satcom Markets, 9th Edition (Aero9) sees a rebound on the horizon for significantly impacted aero In-Flight Connectivity (IFC) services, with a U-shaped recovery underway and revenue expected to reach $38.8 Billion through 2030. A clear trend of accelerated migration to High Throughput Satellite (HTS) networks drives growth, and with recovery from COVID-19 losses by 2023, Aero HTS capacity demand will reach 924 Gbps by 2030.

Astra announced today its planned acquisition of Apollo Fusion in a transaction valued up to US$ 145 million. Apollo Fusion manufactures a leading electric propulsion engine. This acquisition allows Astra to provide launch and space services beyond low Earth orbit (LEO), to medium Earth orbit, geosynchronous, and lunar orbits.

The 1960s ushered in an era of human space exploration that has never been equaled.  Humans traveled farther from our planet than ever before – not once but half a dozen times – and those journeys sparked the dreams and ambitions of millions.  And then we stopped.  We flew robots to other planets.  We put satellites and space stations into orbit.  But people never again answered the call to leave our planet far behind in a quest for knowledge and opportunity, to open new horizons for others to follow.  
Never – until now.