Global Eagle Entertainment today announced that it has agreed upon a definitive “stalking horse” asset purchase agreement under which substantially all of the company’s assets will be acquired for total consideration of $US 675 million by an entity established at the direction of holders of approximately 90% of the Company’s senior secured first-lien term loans. To facilitate the sale process, Global Eagle and certain of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 

Teledyne today reported second quarter 2020 net sales of US$7 43.3 million, compared with net sales of $782.0 million for the second quarter of 2019, a decrease of 4.9%. Net income was US$ 93.7 million ($2.48 diluted earnings per share) for the second quarter of 2020, compared with US$ 104.6 million ($2.80 diluted earnings per share) for the second quarter of 2019, a decrease of 10.4%.

Advantech Wireless Technologies has signed a multi-year agreement to supply a major Satcom system integrator with its Summit II high power SSPA systems.

“Advantech has been contracted by a major satcom system integrator to support a multi-year program. We have received the initial purchase order of more than $2 million dollars (CAD). Under the terms of the agreement, Advantech will supply its Summit II high power SSPA systems to the integrator’s project”,  explained Tony Radford, Advantech’s VP Global Sales.

XipLink, a Montreal based manufacturer of WAN acceleration and optimization technologies, announced an exciting partnership with Galaxy Broadband Communications of Mississauga, ON. These two market leaders have combined forces to provide unapparelled performance, customer experience and reliability by integrating XipLink XipOS optimization software into the Galaxy Multi-Satellite, Microwave and LTE Hybrid Networks.

The satellite manufacturing and launch systems market is poised to register a CAGR of more than 3.5%, during the forecast period 2020-2025 according to Research and Markets.

C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF),announced today financial results for the second quarter ended May 31, 2020. The company generated revenues of $1,061,665 and a net after tax loss of $466,930 or -1 cent per share. This compared with revenues of $2,566,595 and a net after tax profit of $267,342 or 1 cent per share for Q2, 2019 – representing a decrease of 59% and 275% respectively.

The commercial aviation industry’s rebound from COVID-19 is underway, with the number of airline flights starting to gradually increase, but widespread recovery could take several years. This is the consensus from a major industry poll conducted as part of FlightPlan: Charting a Course into the Future, an online broadcast by Inmarsat and the Airline Passenger Experience Association (APEX). Despite bracing for a slow recovery, the poll reveals a sense of optimism for the industry’s future, with digitisation expected to drive the return to profitable growth.

Ross Videoannounced that Kevin Cottam has been promoted to Vice-President, Global Sports & Live Events. Kevin joined Ross in 2011 as a Demonstration Artist and Trainer, and has a background steeped in sports and live production.

According to a recent global survey of broadcasters, 82% believe that cellular networks like 5G will eventually replace traditional broadcast distribution like DTT/DTV and satellite as the preferred way to access TV content, with over a third (37%) of these respondents expecting this to begin happening within 1 to 2 years.

Glen Tindall has been appointes as CEO of EOS Communication Systems. As CEO of EOS Communications Systems, Glen Tindall assumes control of all three recent communications company acquisitions – EM Solutions, Audacy Corporation, and Collinear – and will integrate those capabilities and assets with existing EOS resources to form a full-service communications company.