Finance

The British aerospace industry has stepped up plans for a Brexit exodus from the UK aviation regulator, as a second deadline for the UK leaving the EU without a deal looms. More than 600 British aerospace firms have now applied to be regulated in Europe as third-country parties under a scheme for companies seeking access to the single market...

The three-way deal announced by T-Mobile, Sprint, and Dish on Friday was a catalyst moment that will completely change the wireless landscape, according to T-Mobile CEO John Legere. “With its acquisition of Boost Mobile, and the mobile virtual network operator (MVNO) agreement we put in place… Dish has a real significant opportunity to be a...

SES‘ data division is closing the gap between its growth rate and the operator’s Video segment losses. SES Networks reported double digit year-over-year growth in the operator’s first half 2019 financial results, released July 26. But, the business unit is still not large enough yet to offset the losses of the SES Video segment, as Video still...

Dish Network will enter the U.S. wireless market as the fourth nationwide facilities-based network competitor. Dish reached agreements with the Antitrust Division of the U.S. Department of Justice, T-Mobile, and Sprint to complete this transformative transaction. Additionally, Dish has committed to the Federal Communications Commission (FCC) that DISH will deploy a facilities-based 5G broadband network capable...

Synspective, a Japanese startup which provides satellite data solutions using small Synthetic Aperture Radar (SAR) satellites, accumulated $100 million in funding since its foundation in February 2018.  The investment aims to help strengthen the company’s SAR satellite development, manufacturing systems, and solutions development. Synspective aims to provide one-stop solutions by satellite gathered geospatial data. The...

Firefly Aerospace hired Brad Schneider as Chief Revenue Officer (CRO). Schneider has more than 35 years of experience in corporate operations, business, and strategic marketing within the aerospace and defense industry, focusing the last two decades on the development of small satellite and launch vehicle technologies. Schneider previously held senior leadership roles, including Chief Financial Officer...

Dish Network has reportedly agreed to acquire wireless assets from T-Mobile and Sprint for $5 billion dollars, according to reports published in Bloomberg News from anonymous sources. This breaks down to about $3.5 billion for spectrum, and $1.5 billion for prepaid mobile businesses. This deal helps appease anti-trust concerns that the Justice Department has had about the proposed merger between...

The Boeing Company reported a Second Quarter (Q2) revenue increase to $6.6 billion in its Defense, Space, and Security segment. This is approximately an 8 percent revenue increase, compared to a Q2 2018 revenue reported at $6.6 billion. This was primarily driven by higher volume across derivative aircraft, satellites, and weapons. Q2 operating margin increased to...

U.S. Secretary of Commerce Wilbur Ross revealed that 44 organizations  from 28 states and two territories will receive grants totaling $23 million to create and expand high-growth entrepreneurship programs, including a space technology commercialization project. The grants are made annually under the Economic Development Administration’s (EDA) Regional Innovation Strategies (RIS) program competition. The 2019 awardees...

ABL Space Systems, the California-based developer of the RS1 launch vehicle, revealed that it has closed a strategic investment from Lockheed Martin Ventures. The price value of the investment was not disclosed in the release. Founded in 2017, ABL completed its first development vehicle in 2018. More recently, the company conducted a series of successful...