Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS)announced today that it will acquire CPI ASC Signal Division, Inc. from Communications & Power Industries LLC (CPI) for US$ 35 million in cash. ASC is a manufacturer of high-performance, highly engineered antenna systems for satellite communications, radar, electronic warfare (EW), and high-frequency (HF) applications. The transaction is expected to close within the next 60 days, subject to normal and customary closing conditions and regulatory approvals.
Ericsson (NASDAQ: ERIC) expects the global number of 5G subscriptions to top 190 million by the end of 2020 and 2.8 billion by the end of 2025. These forecasts are included in the June 2020 edition of the Ericsson Mobility Report, along with projections for data traffic growth, and regional subscriptions. The report also takes an incisive look at the role of networks and digital infrastructure in keeping societies running, and families connected during the COVID-19 pandemic.
Baylin Technologies Inc. (TSX: BYL) a diversified, global wireless technology company focused on research, design, development, manufacturing and sales of passive and active radio frequency products and services, today announced its financial results for the three months ended March 31, 2020.
All amounts are stated in Canadian dollars unless otherwise indicated.
QUARTERLY HIGHLIGHTS
Satellite rideshare launch provider Spaceflight Inc. announced its acquisition by Mitsui & Co., Ltd. in partnership with Yamasa Co., Ltd. is now complete with the final review of the Committee on Foreign Investment in the United States (CFIUS).
The Satcoms Innovation Group (SIG) has announced that Bob Potter of Kratos Defense and Security Solutions has been appointed a Director of the group. Bob joins existing directors Andreas Voigt of Eutelsat and Mark Steel of Inmarsat, led by recently appointed Managing Director, Helen Weedon.
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 new research from Research and Markets.
A global poll of broadcasters conducted by OnePoll on behalf of Nevion, the architects of virtualized media production, has found that over a third (39%) of respondents expect their organization will be ready to adopt 5G within a year, while a further 53% believe they will be able to do so within the following year.
The survey found that 94% of broadcasters think that their country has the infrastructure ready to adopt 5G. Yet, despite this optimism, only 46% of broadcasters have tested 5G’s capabilities within their organization.
NSR’s Global Satellite Capacity Supply and Demand, 17th Edition report, released today, finds COVID-19 having a deep, near term impact on key satellite capacity growth areas, but the industry will bounce back to 2019 revenue levels in 3 years. Despite near term challenges, NSR is still bullish on long-term potential, forecasting Satcom revenues reaching $26.5 Billion by 2029.
A new report from CoBank’s
New research from Parks Associates’ OTT video research, from a survey of 10,000 US broadband households fielded in March 2020, finds that 76% of US broadband households subscribed to an OTT video service in Q1 2020, while the churn rate for streaming services was 41%. Sixty-two percent of US broadband households subscribed to a traditional pay-TV service.
