According to Euroconsult's latest report, Prospects for Maritime Satellite Communications, the maritime connectivity market continues to be vibrant, as shipowners transition to the next level of broadband connectivity. The merchant, passenger and leisure segments have all been supporting growth in revenues and capacity usage, while a rebound on oil pricing would accelerate the offshore segment. In addition to capacity, an increasing focus is on the supply of value-added services and on the outsourcing of daily operations by shipping companies.

Vector, the space access company, today announced Stephanie Koster will join the team as chief financial officer (CFO). Koster brings more than 20 years of extensive experience in domestic and international strategy, finance, and operations across several Fortune 50 and high growth aerospace companies.

NSR’s Global Satellite Capacity Supply and Demand, 16th Edition report, released today, confirms despite a challenging current climate for capacity sales, long-term projections are promising with revenues doubling over the next 10 years. 

Three-quarters of the world’s pay TV operators will gain subscribers between 2018 and 2024. Covering 505 operators across 135 countries, the Global Pay TV Operator Forecasts report also estimates that two-thirds will increase their revenues over the same period.

Simon Murray, principal analyst at Digital TV Research, added: “The top 50 operators accounted for two-thirds of the world’s pay TV subscribers by end-2018, with this proportion not expected to change over the next five years. The top 10 operators took 45% of the total by end-2018.”

Raytheon Company and United Technologies Corp. have entered into an agreement to combine in an all-stock merger of equals. The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defense. The merger of Raytheon, a leading defense company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defense technologies.