Finance

EchoStar revealed that its subsidiary, EchoStar Global, acquired Helios Wire, a satellite-enabled Internet of Things (IoT) connectivity company headquartered in Vancouver, Canada. The acquisition includes Helios’ Australian subsidiaries Sirion Holdings and Sirion Global. Sirion Global holds global spectrum rights for S-band Mobile Satellite Service (MSS), administered by Australia, and has been working to develop solutions...

The Boeing Company reported overall Third Quarter (Q3) revenue of approximately $20 billion, compared to revenues of $25.1 billion in Q3 2018. The company also reported GAAP earnings per share of $2.05 and core earnings per share (non-GAAP) of $1.45, reflecting lower 737 deliveries partially offset by higher defense and services volume. Boeing’s Defense, Space,...

Telenor Group and Nordic Entertainment Group (NENT Group) today announced the formation of a new company that combines Canal Digital and Viasat Consumer (satellite pay-TV and broadband-TV operations). This will create a Nordic TV distribution business in a maturing Direct-to-Home (DTH) segment. Telenor and NENT Group will each hold 50 percent of the new company....

Lockheed Martin reported its Third Quarter (Q3) 2019 financial results, in which it saw net sales increase in its Space segment, and overall. The company reported overall net sales of $15.2 billion, compared to $14.3 billion in the third quarter of 2018. Net earnings in Q3 2019 were $1.6 billion, compared to $1.5 billion in the third quarter...

Days after SES announced its groundbreaking deal with Microsoft, Via Satellite caught up with SES CEO Steve Collar at the International Broadcasting Convention (IBC) 2019 in Amsterdam. Collar had spoken on a panel with the CEOs of Intelsat, Telesat, Eutelsat, and Viasat at World Satellite Business Week (WSBW) about a number of issues ranging from...

Maxar Technologies will open a new facility in St. Louis, Missouri, to support growth in several U.S. National Geospatial-Intelligence Agency (NGA) programs. The facility will be located in the Globe Building, in downtown St. Louis. Maxar expects 48 employees to initially staff the facility, most of whom are new hires that will support the NGA’s...

Satelles, a provider of satellite-based time and location services, raised $26 million in Series C funding. C5 Capital led the round, with participation from Iridium Communications and existing investors. This new investment brings Satelles’s total funding since the launch of its platform to $39 million and will help the company expand its sales and marketing...

Comtech Telecommunications revealed that Rich Luhrs was promoted to President of Comtech Systems — its Orlando, Florida-based subsidiary. Comtech Systems provides transmission products including over-the-horizon microwave and troposcatter systems and is part of Comtech’s Government Solutions segment. Additionally, Dick Burt will be retiring after 40 years with the company. Rich Luhrs has decades of technical...

Relativity Space closed a $140 million Series C funding round led by Bond and Tribe Capital. With this $140 million funding round, Relativity is fully funded for its plans to launch an entirely 3D printed rocket to orbit and enter commercial service in early 2021. The Series C round includes participation by new investors Lee Fixel,...

Singapore Technologies Engineering (ST Engineering) completed the acquisition of a 100% ownership in Newtec, following the fulfillment of completion conditions, including the receipt of applicable regulatory approvals. The consideration of approximately $383 (250 million euros)  on a cash-free and debt-free basis for the Proposed Acquisition, subject to closing adjustments, is payable in cash. “Now, as...