Finance

Ansys will acquire Analytical Graphics, Inc. (AGI), which provides simulation and modeling for aerospace, telecommunication, and defense and intelligence applications.  Ansys is purchasing the company for $700 million, 67% of...

Airbus Ventures last week revealed that it has invested in Zero Error Systems (ZES), a Singapore-based startup debuting “smart chip” technology to protect satellites from radiation damage. The approximately $1.8...

Ligado Networks that it has raised $3.85 billion in new capital from new and existing investors, led by JPMorgan Chase & Co. This capital  raise, announced Oct. 23, will support Ligado...

Northrop Grumman reported a strong Third Quarter (Q3), led by double-digit sales increase in its Space Systems segment. Space Systems sales increased 17% from Q3 2019, to about $2.2 billion....

Inmarsat and Hughes first started to talking about a potential In-Flight Connectivity (IFC) collaboration in North America over a year ago. This week, the companies announced a deal that Inmarsat...

Inmarsat and Hughes Network Systems confirmed that they have been secretly collaborating on a new satellite connectivity solution that will allow commercial airlines to offer free, in-flight Wi-Fi. The service,...

Lockheed Martin Space continues to benefit from increased government spending, as the company reported a 6% increase in 2020 Third Quarter (Q3) net space sales totaling $163 million. Approximately $90...

Microsoft is making a play to be the cloud platform of choice for the space industry as it unveiled Azure Space on Tuesday, which will bring together Azure technology and...

Virginia-based satellite operator Iridium Communications is raising its full-year 2020 guidance after turning in a better-than-expected Third Quarter (Q3) result for investors. Despite facing headwinds from a pandemic-fueled recession, Iridium...

Intelsat has hit back at SES for a claim filed in its bankruptcy case earlier this year that Intelsat owes SES $1.8 billion for an alleged breach of contract, arguing...