Finance

Comtech has hired former iDirect Government executive John Ratigan as the company’s first chief corporate development officer (CCDO). In this role, Ratigan will oversee new business initiatives aligned with Comtech’s strategic pursuits. Comtech announced the appointment on Wednesday.  Ratigan is the former CEO and president of iDirect Government and was on the executive committee of...

In August of this year European startup Aerospacelab announced the high-profile appointment of Tina Ghataore as its new group chief strategy and revenue officer, and CEO of Aerospacelab’s new branch in North America. Ghataore comes with a big reputation. Thanks to her work at Mynaric, she was Via Satellite’s Satellite Executive of the Year (SEOTY) in...

SatixFy Communications is at risk of being delisted from the New York Stock Exchange (NYSE) because its market capitalization fell below $50 million.  SatixFy is a satellite technology company headquartered in Rehovot, Israel with offices in the U.K., U.S., and Bulgaria. The company develops satellite payloads, user terminals and modems, and also develops its own...

McLean, VIRGINIA — Intelsat expects to earn $2.1 billion in revenue this year, CEO David Wajsgras said during an investor day event on Nov. 30, giving a rare look at the company’s finances and outlining its “strategic reset” from a bandwidth supplier to an end-to-end solutions provider.  Executives said Thursday that the company is in...

Israeli satellite communication chipsets and systems developer SatixFy boasted an increase in product sales and revenue in its consolidated financial results for the nine-month period ending in September. The results, released early on Thursday, showed SatixFy’s total revenue increasing 31% to $8.9 million. The company reached $6.8 million in revenue during the first nine months of...

Smaller Geostationary Orbit (GEO) operators are looking at their role in a changing satellite industry. One of the interesting operators to look at here is ABS, which has expanded beyond its original footprint in Asia to offer services in other regions across the world. Last year, ABS hired one of Yahsat’s best known execs, Amit...

Telenor Group is selling its Telenor Satellite subsidiary to Space Norway, the company announced last week.  Both entities are owned by the Norwegian government. Telenor is Norway’s majority state-owned telecommunications company, and Space Norway is owned by the Norwegian Ministry of Trade, Industry and Fisheries and is a key part of the country’s activities in...

Intellian Technologies is establishing a new entity in Dubai as a hub for operations in the Middle East and Africa (MEA) region. This is Intellian’s 10th global city.  This new entity is strategically positioned to meet the needs of Intellian distribution partners and strengthen the brand in key areas across maritime and enterprise markets. The...

AST SpaceMobile is working to close strategic investment to fund the buildout of its satellite-to-cell fleet as the company approaches launch of its first commercial satellites.  The company released its third quarter update on Nov. 14. Its first five commercial satellites to provide satellite direct-to-cell service are expected to launch in the first quarter of...

Firefly Aerospace last week said it has raised about $300 million in the past eight months, adding that it is generating additional interest from investors following the startup’s successful tactical responsive space launch mission in September. The latest Series C round is being led by existing investors that include the private equity firm AE Industrial Partners, and...