Finance

Lockheed Martin has pulled back on its offer to acquire Terran Orbital, the company disclosed in filings to the Securities and Exchange Commission on May 2. According to the filing, Lockheed...

Though it long had been the subject of rumors, SES‘s agreement to finally acquire Intelsat still sent shockwaves through the satellite industry as the result will see the merge of...

SES and Intelsat closed the chapter on the will they/won’t they story, with news on Tuesday that SES will acquire Intelsat for $3.1 billion. It is a massive piece of...

The anticipated merger of Bayanat, an AI-powered geospatial solutions provider, and Yahsat, the UAE’s flagship satellite operator, is now close to completion. The shareholders of both companies approved the proposed...

Space & Airborne Systems and Communication Systems led growth at L3Harris in the first quarter of 2024, contributing to a 17% year-over-year revenue increase.  L3Harris reported Q1 results on Friday....

Northrop Grumman’s Space segment posted $3.7 billion in sales in the first quarter of 2024, a 9% increase from the same period last year. Northrop Grumman reported Q1 financials on...

Spanish launcher in development PLD Space has raised 78 million euros ($84 million) from investors, the company announced Tuesday. The company plans to use the funds to open the first...

Lockheed Martin increased both sales and operating profit in the company’s Space segment in the first quarter of 2024, compared to the same time period in 2023.  Space posted $3.3...

Seraphim Space closed a new venture fund, Seraphim Space Ventures II LP, with backing from satellite operator Eutelsat Communications, Japanese telco NEC and Japanese satellite operator SKY Perfect JSAT. Seraphim...

Dhruva Space, a  space engineering solutions provider based in Hyderabad, India, marked the final close of its Series A funding at 123 Indian crores ($15 million). The funding will go...