Finance

SiriusXM‘s third quarter 2018 revenue reached $1.5 billion, an increase of 6 percent versus the prior year period. The company’s net income totaled $343 million in the third quarter 2018, representing 24 percent growth over $276 million in the prior year period. Net income per diluted common share was $0.07 in the third quarter 2018,...

Lockheed Martin Space Systems saw net sales in the third quarter of 2018 increase $250 million, or 11 percent, compared to the same period in 2017. According to the release, the increase was primarily attributable to higher net sales of approximately $120 million for government satellite programs due to higher volume (primarily Space Based Infrared System (SBIRS) and government satellite services);...

The C-Band Alliance (CBA) has changed its proposal to the U.S. Federal Communications Commission (FCC), adding up to 200 MHz of mid-band C-band downlink spectrum to support 5G wireless deployment. The alliance said the spectrum could be cleared dependent upon demand for 5G wireless, while protecting existing C-band users. The updated commitment will be reflected...

Following Boeing’s acquisition of Millennium Space Systems in August, all of the leading prime contractors in the manufacturing sector have made a play in the small satellite market. Lockheed Martin’s investment in Terran Orbital, Airbus’s joint venture with OneWeb, Thales Alenia Space’s partnership with Spaceflight Industries, and SSL’s in-house development, among others, have each committed...

Vector, a microsatellite launch company, has secured $70 million in a Series B funding round led by Kodem Growth Partners, in conjunction with Morgan Stanley Alternative Investment Partners. Vector plans to use this new round of funding to expand its sales and marketing teams, and build a new rocket manufacturing facility. Existing investors Sequoia Capital,...

Sean Casey was named the new Vice President (VP) of business development for Atlas Space Operations. Casey brings more than 25 years of leadership experience and subject-matter-expertise. He is also a principal at the investment banking merger and acquisitions firm, NewCap Partners, and he served as the president of the Silicon Valley Chapter of the...

Boeing has established a new Disruptive Computing and Networks (DC&N) organization within the company to develop computing and communications solutions for advanced commercial and government aerospace applications. By leveraging core technologies in quantum communications and computing, neuromorphic processing and advanced sensing, the new organization will enable Boeing to develop breakthrough solutions in secure communications, artificial...

In an industry that is constantly changing, getting more competitive, and commoditizing, it is vital to differentiate. It is no longer enough to have a wide-ranging portfolio, meet quality standards, and have an expert team — the customer wants more. This industry change is not only happening through business models and technological advancements, but through...

Gary Donnan will join Eutelsat Communications on Oct. 29 as Chief Innovation Officer (CIO), reporting to Chief Executive Officer (CEO) Rodolphe Belmer. Donnan is tasked with defining Eutelsat’s innovation roadmap, and with identifying and developing innovative initiatives across the Group. He will also focus on forging stronger links between Eutelsat and the external innovation ecosystem to...

Harris and L3 Technologies on Sunday morning revealed a blockbuster deal that would create the sixth largest U.S. defense contractor with about $16 billion in sales and a market capitalization of $33.5 billion, with Harris shareholders owning 54 percent of the business and L3’s the rest. The company’s said that the merger will provide L3...