Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter ended March 31, 2018. Revenues for Q1 2018 totaled $67.4 million, up 5.4% from Q1 2017.
Key Financial Highlights:
RUAG Space announced that Mike Morningstar will assume the role of President and Country Manager of RUAG Space USA. Starting today, Morningstar will be responsible for the operations of all RUAG Space USA sites, and will represent the organization as it expands its presence in the U.S.
The growth of subscription OTT services has been driving the changing trends in the Pay-TV landscape. OTT video services have attracted hundreds of millions of subscribers worldwide, causing pressure on traditional Pay-TV operators. This OTT growth trend is expected to continue, reaching a subscriber base of 400 million in 2018, according to a recent report by ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) today reported revenues for the Third Quarter and Nine Months ending March 31, 2018. Third Quarter revenues were €337 million, down -7.4%, while nine month revenues of €1,034 million, down 5.0%
DataPath announced today the appointment of Dr. Sherin Kamal as the company’s new President and CEO. He will officially assume the position June 11. Kamal is an international business executive with extensive experience in driving revenue and profitable growth.
KVH Industries has announced that Mark Guthrie has been named KVH’s vice president for the Asia-Pacific region.Mr. Guthrie will oversee all KVH activities in this area, which is of vital importance in the mobile connectivity market.
24i Media, the leading internet TV app technology provider for the world's top media companies, today announces the acquisition of Mautilus, the Czech TV app agency specializing in HbbTV and applications for multiple devices. The acquisition strengthens 24i's technology framework with new products and features, and increases its production capacity with Mautilus' highly-skilled engineers. The acquisition of Mautilus is the next step in 24i's ambition to deliver the most innovative, modular, flexible and scalable video streaming application technology.
Satellite manufacturer SSL today announced two executives have joined the SSL leadership team to develop growth opportunities for the company’s innovative spacecraft systems and expand the company’s focus on small satellites and Earth observation. Adam Marks is assuming the role of Chief Strategy Officer, and Mark Sarojak will serve as Vice President of Commercial Earth Observation.
Asia Satellite Telecommunications Company Limited (AsiaSat – SEHK: 1135)announced the promotions of two senior executives to lead the company’s two key technical teams. Fred Ho, Director of Technical Operations, has been promoted to Vice President, Technical Operations while Fred Vong, Director of Engineering, has been promoted to Vice President, Engineering.
