Finance

Lockheed Martin saw about a 9.8% increase in net sales in the First Quarter (Q1) of  2020 compared to 2019, and said in its earnings report released Tuesday that the...

AMERGINT Technologies Holdings, Inc. on Monday said it has agreed to acquire the space-based optics business of Raytheon Technologies, adding a new line of capabilities for the company. Terms of the pending...

Singapore Technologies Engineering Ltd (ST Engineering) said that its Aerospace and Electronics sectors have received about $1.1 billion in new contracts in the First Quarter (Q1) of 2020.   The Aerospace...

Atlas AI, a geospatial intelligence company, has raised $7 million its Series A round led by Airbus Ventures, with participation from Micron Technology and existing investor The Rockefeller Foundation. Also...

Intelsat SA is seeking backers for a bankruptcy loan that would keep the satellite service in business under Chapter 11 court protection while it’s waiting for billions of dollars in proceeds...

General Atomics Electromagnetic Systems has opened a new spacecraft development, integration and test factory outside of Denver, the company announced April 9. The new, 33,000-square- foot facility in Centennial, Colorado,...

Oneweb has appealed to the [U.K.] Government for a rescue loan as the bankrupt satellite business hunts for a lifeline after a planned investment from Japanese giant SoftBank collapsed. The...

Eutelsat estimates a $21.8 million risk to its Fiscal Year (FY) 2019-20 revenues due to the COVID-19 crisis. The company said in a Thursday announcement updating its financial objectives in...

ULA has repurposed some of its 3D printing equipment to produce parts for face shields and ventilators to address the COVID-19 crisis, the launcher announced on Thursday. ULA is working...

Lockheed Martin committed another $50 million in advances to its supply chain on April 9, marking the third advance, for a total of $156 million, to keep its supply chain...