RUAG International’s Space business is currently being reorganized as part of a project called Ambition 21. The reorganization is a response to a changing market environment and an unsatisfactory performance in 2020. The focus of the reorganization is on strengthening RUAG Space’s position in Europe as a leading supplier to the space industry, on selectively expanding its subsystem offering and to further expand RUAG Space’s business in the US and globally.
Europe, Middle East and Africa Markets
IBC today announced that John Honeycutt will take the International Broadcasting Convention (IBC) Council Chair's position with immediate effect. Honeycutt has spent the past 30 years in senior positions in the television market and is a well-respected business strategist and technology pioneer.
The Board of Directors of Eutelsat Communications (Euronext Paris: ETL), reported the financial results for the half-year ended 31 December 2020. Rodolphe Belmer Chief Executive Officer (CEO) of Eutelsat said: “Eutelsat has produced a solid First Half performance with Operating Verticals revenues down by 2%, reflecting our resilience in the Covid-19 impacted context, and with an EBITDA margin at 76.7%, despite the costs associated with Broadband ramp-up. Free-cash flow generation at the half year stage already amply covers the dividend paid in November.”
Iridium Communications Inc. (Nasdaq:IRDM) today reported financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. Net loss was US$ 7.9 million, or $0.06 per diluted share, for the fourth quarter of 2020, as compared to net loss of US$ 107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019.
Russian satellite operator Gazprom Space Systems (GSS), Viasat and Russian telecom operator TMC today announced the signing of a Memorandum of Understanding (MOU) that aims to advance in-flight connectivity (IFC) for airlines flying into and over Russia.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Santa Clara, California-based subsidiary, Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, has received a follow-on order for US$ 1.6 million for Ka-band Solid-State Power Amplifiers (SSPAs) that use state-of-the-art Gallium Nitride (GaN) technology for an In-Flight Connectivity (IFC) application.
Advantech Wireless Technologies Receives Over CDN$ 2 Mil. in Orders for its Military Grade SATCOM hardwareMore...Advantech Wireless Technologies Inc. (AWT), has received purchase orders totaling over CDN$ 2 million for its military grade satellite communications (SATCOM) hardware including the Engage™ Class Mobile Terminals. Virgin Galactic Launches Space Advisory Board and Appoints Seth Zaslow as VP of Investor RelationsMore...Virgin Galactic Holdings, Inc. (NYSE: SPCE) today announced the establishment of its Space Advisory Board. The Virgin Galactic Space Advisory Board will provide advice to senior management as the company moves forward to open space for the benefit of all. The company also annoucned the appointment of Seth Zaslow as VP of Investor Relations. NSR’s newly released Optical Satellite Communications, 3rd Edition (OSC3) report projects a US$ 3 Billion cumulative revenue opportunity through 2030 for laser communication terminals (LCTs) in both space and airborne markets. The Optical Satcom market is largely equipment-centric, with a significant portion of the revenue flow going to LCT manufacturers. 
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