Finance

Geoforce will acquire the assets of Trakopolis’ subsidiary Trakopolis SaaS. Based in Calgary, Alberta, Trakopolis SaaS provides global traceability solutions. Geoforce, which is headquartered in Plano, Texas, plans to integrate Trakopolis SaaS’ capabilities with its global traceability solutions. Geforce combines cloud-based software platform with GPS tracking devices and global satellite and cellular networks.  According to...

Nasdaq has delisted ordinary shares from Ability, a provider of tactical communications intelligence solutions, and suspended trading in the shares on Dec. 26. Nasdaq had previously informed Ability that it did not have a minimum of $2.5 million in stockholders’ equity, or market value of listed securities of $35 million, or net income from continuing operations...

Maxar Technologies has agreed to sell MDA for $765 million to a consortium of financial sponsors led by Northern Private Capital, Maxar announced on Dec. 30. The company expects to use proceeds to reduce leverage and improve its capital structure to prioritize investments for growth in its core areas of Earth intelligence and space infrastructure....

Boeing revealed Monday in a news release that CEO Dennis Muilenburg had resigned from his position as CEO and Board director. The board named current Chairman, David Calhoun, as CEO and president, effective Jan. 13, 2020. The statement said that a change in leadership was “necessary to restore confidence in the company moving forward as...

Satellogic, an integrated geospatial analytics company, revealed Thursday that the company has $50 million in funding from new and existing investors. Existing investors, including Tencent and Pitanga, contributed approximately 40% of the newly announced funding, with some existing investors requesting more than their pro rata share. The remaining capital came from a number of new...

The 2020s will be a decade of slowing economic growth, especially in the developed world. That means the emerging economies — particularly in Asia — will continue to represent an ever-growing proportion of the global economy. But the largely unforeseeable effects of accelerating technological advances and the more predictable impacts of climate change add complexity...

Amazon announced on Wednesday that it is leasing and renovating a new headquarters for its Low-Earth Orbit (LEO) constellation initiative Project Kuiper in Redmond, Washington. According to Amazon, the new location will be Kuiper’s primary headquarters for research and development, and its primary prototype manufacturing and qualification facility.  The Redmond location, near Amazon’s headquarters in...

Elbit Systems has received $33 million in payment as full and final settlement under a settlement agreement with Hughes Network Systems, relating to litigation in the U.S. Federal Courts for infringement of an Elbit patent for high-speed satellite communications. Elbit is an Israel-based international defense electronics company.  In June of this year, the United States...

Growers Edge announced a partnership with CropX on Tuesday, Dec. 17, that the companies say will reduce risk and sustainably improve yields for farm operations. The companies aim to develop an agronomic prescription based on CropX field trial data and the Growers Edge analytics platform to create a model for farmers using CropX sensors to...

Satellite operators of all sizes will face key investment decisions coming up, particularly those with a history in ordering Geostationary Orbit (GEO) satellites. One of the most interesting operators is Telenor Satellite, which has a strong telecoms owner, which is unusual for this sector. The operator’s most recent satellite launch was Thor 7, and the...