Finance

Boeing, Lockheed Martin Teams Lodge TSAT Production Proposals Teams from each Boeing and Lockheed Martin with their respective industrial partners have lodged proposals to the U.S. Air Force for the development and production phase of the Transformational Satellite Communications System (TSAT) Military Operations System, the companies announced July 30. TSAT is designed to provide American...

If Sea Launch suffered like a wallflower through last month’s Paris Air Show while fellow launch providers Arianespace and International Launch Services (ILS) took turns announcing contractual pas de deux with various customers, industry analysts believe its turn will come, at least after the company’s planned return to flight this autumn. In Paris, Arianespace announced...

The fallout from a few fateful seconds on Jan. 30 has taken several months to repair, but Sea Launch has now found itself preparing for an October return to flight following the catastrophic failure which claimed a Zenit 3SL booster and SES New Skies‘ NSS-8 satellite. What was once expected to be Sea Launch’s biggest...

Space Systems/Loral (SS/L) notified TerreStar Networks Inc. that delivery of the TerreStar-1 satellite has been delayed by 10 months, with a new delivery date scheduled for August 2008, TerreStar announced. SS/L subcontractors and internal product development for the delay involving S-band low noise amplifiers, oscillators and the S-band feed array were cited for the delay....

The announcement that Space Systems/Loral (SS/L) will manufacture the NSS-12 spacecraft for SES New Skies came as small but further indication of the overall health of SS/L’s parent company just two days after the release of Loral Space and Communications Inc.‘s first quarter numbers. Loral’s revenues reached $221 million in the first quarter, up 28...

Mitsubishi Heavy Industries Ltd. (MHI) and Arianespace have agreed to combine their commercial satellite launch services, the companies announced on April 24. The agreement will provide customers with a choice of Arianespace’s Ariane 5 rocket or MHI’s H-2A vehicle. Making the announcement during a visit to Tokyo, Arianespace chairman and CEO Jean-Yves Le Gall remarked...

Globecomm Globecomm Systems Inc. has entered into a definitive agreement to acquire the GlobalSat division of Lyman Bros. Inc., Globecomm announced April 24. The purchase price is $18.4 million and anticipated to be partially funded through a $16 million acquisition term loan provided by Citibank. The all-cash transaction is expected to close before the end...

Bigelow Aerospace thinks the secret to turning the suborbital tourism marketing in a successful business is by selling "hang time" to "sovereign clients" — specifically astronaut-supporting countries harboring aspirations of a space program — aboard the company’s planned low-Earth orbit space complex. Founder and CEO Robert Bigelow divulged for the first time April 10 his...

Pending a meeting of the Sea Launch Failure Review Oversight Board (FROB), the launch provider is anticipating its return to flight in October, Sea Launch said April 3. The mission would place the Thuraya-3 satellite into orbit for Thuraya Satellite Telecommunications Co. The company anticipates the FROB’s conclusion by June, with corrective implementation, repairs to...

There is much romanticism about the early days of the satellite industry. The history of scientists and engineers such as Conny Kullman, Bob Berry and Steve Dorfman leading the development of such technological achievements as the first Ariane rocket, Globalstar and the Pioneer Venus program, respectively, are legendary. It seemed a natural progression that these...