Europe, Middle East and Africa Markets

Speedcast International Limited (ASX: SDA), aprovider of remote communication and IT solutions, today announced that Sebastien Lehnherr is joining the company as Chief Operating Officer.  Lehnherr previously held numerous operational leadership roles at Schlumberger, the world’s leading oilfield services company. 

A new report from Research and Markets predicts that the satellite transponder market will register a CAGR of more than 5% by 2022. The rising adoption of High Throughput Satellite (HTS) technology is one of the critical reasons expected to boost the satellite transponders market growth in the next five years.

Al Yah Satellite Communications Company (Yahsat), a satellite operator based in the United Arab Emirates and wholly owned by Mubadala Investment Company (Mubadala), and Hughes Network Systems (Hughes), a subsidiary of EchoStar Corporation (EchoStar) (NASDAQ: SATS), today announced the completion of a joint venture arrangement to provide greater access to commercial Ka-band satellite broadband services across Africa, the Middle East and Southwest Asia.

Global defence expenditure grew by 4.9 percent in 2018, the fastest growth rate since 2008, according to the annual Jane’s Defence Budget report, released today by business information provider IHS Markit (Nasdaq: INFO). Global defence spending grew for the fifth consecutive year to reach a total of USD1.78 trillion in 2018, significantly exceeding the post-Cold War record of US$ 1.69 trillion in 2010, according to the report.