Europe, Middle East and Africa Markets

The last few years have been turbulent ones for the oil and gas industries.  First, tumbling prices, initially due to a 30% decrease in demand as the pandemic effectively grounded airlines and severely curtailed other public transport and private vehicle usage.  This was rapidly followed by a price war, as Saudi Arabia stepped up output in a bid to become the dominant supplier.  At the same time, the industry, like many others was suffering a shortage of personnel due to the pandemic.  A serious issue for an industry that operates heavy machinery in remote locations.  

Analysis by leading space consulting and market intelligence firm Euroconsult shows a 10% increase in the number of commercial aircraft connected to in-flight services compared to 2020, totalling 9,900 planes by the end of 2021. Within the next decade, the number of aircraft using such services is expected to double to more than 21,000.

Analysis by leading space consulting and market intelligence firm Euroconsult shows a 10% increase in the number of commercial aircraft connected to in-flight services compared to 2020, totalling 9,900 planes by the end of 2021. Within the next decade, the number of aircraft using such services is expected to double to more than 21,000.

Comtech Telecommunications Corp. (NASDAQ: CMTL) today announced that its Board of Directors has appointed Chairman Ken Peterman President and Chief Executive Officer, succeeding Michael Porcelain effective immediately.  Porcelain has also resigned from Comtech’s Board of Directors. Porcelain will be available to assist in the transition as needed.

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) today reported its results for the second quarter ended June 30, 2022. The company reported reported revenues of US $55.5 million, operating profit of  US $1.5 million and Adjusted EBITDA of US$ 5.3 million.

Second Quarter 2022 Financial Highlights

Comtech Telecommunications Corp. (NASDAQ: CMTL) a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that during its fourth quarter of fiscal 2022, it was awarded a strategic order for its Comtech ELEVATE™ VSAT platform from a Tier One global service operator to provide 4G/LTE cellular backhaul connectivity in Latin America.

MetaBroadcast, the UK’s leading metadata specialist, today announced the appointment of Jamie Mackinlay as CEO. Mackinlay is a proven media tech business leader, with significant experience in creating, mentoring and managing high-performing teams.