Finance

ABS is changing its executive management team to reflect the transition into the next phase of company growth. These leadership changes include the appointment of James Frownfelter as chief executive officer (CEO), who will also continue to serve as the chairman of ABS’ Board of Directors. He has over 30 years of technology and communications experience...

Philippe Oliva oversaw the launch of IBM‘s cloud business and hybrid cloud services in France and the U.S., and was appointed as Executive Vice President (EVP) of sales and products at Eutelsat, effective Sept. 3, 2018. Oliva will report to Michel Azibert, Deputy Chief Executive Officer (CEO) and Chief Commercial and Development Officer, with a...

Space communications and real-time date service provider Audacy  launched a partner program of select companies that will form its reseller network. The Audacy Alliance also named its first two confirmed members — SpaceQuest, a Fairfax, Virginia-based developer of advanced satellite technology for government, university and commercial use, and ÅAC Clyde, a joint venture of AAC Microtec and Clyde Space. “Audacy...

Comsat, a satellite connectivity provider for the U.S. Department of Defense (DO)D), signed a seven year Master Distribution Agreement (MDA) with Avanti Communications. The agreement will allow Comsat to offer advanced, complete service packages to its customers, with focus on Africa and the Middle East and on particular high‐value deployments currently planned or underway. Comsat will...

Speedcast International, a provider of remote communication and Information Technology (IT) solutions, entered into a definitive agreement to acquire Globecomm Systems from affiliates of HPS Investment Partners, Tennenbaum Capital Partners, and other members of Globecomm for an estimated net purchase consideration of $135 million, including expected purchase price adjustments. Globecomm is a provider of remote...

Utilis officially opened its new U.S.-based subsidiary in San Diego. Elected officials and representatives from local utilities attended the opening event to learn about new innovation in the leak detection sector and the company’s upcoming pilot project for the City of San Diego, where Utilis will provide 100 points of interest signifying possible leaks. Utilis...

Honeywell introduced new services for commercial and defense aerospace manufacturers, allowing them to utilize its Engineering Services and Testing Services groups to help bring products to market. Honeywell Engineering Services will be supported by supported by the company’s Technology Center of Excellence in India, which employs more than 3,000 engineers in labs located in Bangalore, Madurai,...

Phasor, a developer of broadband, Electronically Steerable Antenna systems (ESAs), achieved an important milestone by securing commercial contracts valued at over $300 million. These multi-year product contracts are tied to exclusivity with key customers in defined target markets. Over the coming months, Phasor expects to announce additional contracts across its commercial mobile broadband and government Communications-on-the-Move...

Lockheed Martin‘s board of directors approved the appointment of Michele Evans as executive vice president of the Aeronautics business area, succeeding Orlando Carvalho, who intends to retire later this year. Evans’ appointment is effective Oct. 1, 2018. Evans has more than 30 years of experience, and currently serves as deputy executive vice president for the Aeronautics business area. She...

Hughes, an EchoStar company, was named to the 2018 Fortune Change the World List, a ranking of  top companies that make positive social impact as part of their core business strategy. Fortune selected Hughes for the company’s efforts to connect people, businesses, and communities; as well as bridging the digital divide and contributing to disaster...