Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its subsidiary, Comtech EF Data Corp., a leading provider of satellite communication equipment (together “Comtech”), introduced a new product, the CDM-650 Satellite Modem. The CDM-650 leverages the heritage and feature set of Comtech’s SLM-5650B/C, CDM-625A and CDM-425 modems, which have been adopted and deployed globally to support government and commercial applications.

In its first ever report on Universal Broadband Access, Euroconsult, the world’s leading authority on space and satellite-based applications markets, forecasts that the global market for satellite broadband is expected to triple with service revenues reaching $12.7 billion by 2029. With 46 percent of the world’s population still unconnected, satellite broadband remains key to bringing essential services to sparsely populated regions where extending terrestrial networks is not economically feasible.     

According to a new report published by Trends Market Research titled, “Space Launch Services Market by Payload, Launch Platform, Service Type, Launch Vehicle, and End-User: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the space launch services market accounted for  revenues of US$ 8.9 billion in 2018 and is anticipated to generate US $30 Billion by 2026. The market is projected to experience growth at a CAGR of 17.2% from 2019 to 2026.

Arabsat, the leading satellite services provider in the Arab world, announced a strategic partnership and cooperation agreement with Fixed Solutions and EgyptSat. This initiative will enhance the commercial relationship between the three parties, leveraging the different services of Arabsat satellites.