Finance

Satellite imagery provider Satellogic grew revenue 42% in 2022 to $6 million in revenue, the company reported April 27 in its full year financial results.  The increase was driven primarily by asset monitoring, with the company’s constellation-as-a-service offering gaining momentum with a multi-million-dollar agreement with the Republic of Albania. Satellogic has a three-year agreement with...

Northrop Grumman on Thursday reported lower net income in its first quarter largely due to a decline in pension income while the company recorded a healthy sales gain and raised its earnings guidance for the year due to the pending sale of a stake in a business. Net income slid 12 percent to $842 million,...

Satellite terminal manufacturer Intellian has opened a new Advanced Development Center (ADC) in Montgomery County, Maryland, and is making a $100 million investment into R&D for satcom technologies. This new site in Maryland is officially open and is the company’s first and only U.S. research and development center.  The center will host radio frequency (RF)...

MDA has appointed Luigi Pozzebon as the company’s vice president of Satellite Systems, the company announced monday. Pozzebon has been in the role in an acting capacity since earlier this year. He is a long-term member of MDA’s Satellite Systems management team and has worked on some of the most complex satellite technology programs. MDA...

Slingshot Aerospace, a relative newcomer in the space situational awareness market, has quickly earned the trust of satellite operators. In just five years of operation, Slingshot has managed to include 90 percent of all satellites in Low-Earth Orbit on its Beacon space situational awareness platform, on which operators share the responsibility of space traffic management...

Iridium increased revenue by 22% in the first quarter of 2023 compared to the same time last year, with increased revenue from commercial services, equipment, and engineering and support. Total revenue in the first quarter was $205.3 million, according to Iridium’s first quarter 2023 results released April 20.  Iridium ended the quarter with 2,051,000 total...

Maxar’s shareholders approved the acquisition by Advent International, at a price of $53 in cash per share. Approximately 99.6% of the shares that voted in a special meeting voted in favor of the transaction, representing approximately 75.4% of the total outstanding shares of Maxar common.  This approves the transaction to take Maxar private in a...

Space industry veteran Nicole Robinson is joining Comtech’s executive team as chief strategy officer, the company announced Tuesday. Robinson joins Comtech from Ursa Space Systems where she served as president. She was previously senior vice president of Global Government for SES.  In this role, she will work with Comtech’s strategic council on space business, oversee...

Inmarsat is working to restore services from its I-4 F1 satellite after the satellite experienced an outage late on Sunday. This satellite provides L-band coverage in the Asia-Pacific region.  Inmarsat confirmed in a Tuesday statement that the I-4 F1 satellite experienced an outage at 21:14 UTC (5:14 p.m. EDT) on Sunday, April 16. Inmarsat did...

Orbit Fab, which aims to offer on-orbit refueling services, has raised $28.5 million in its Series A round, the company announced Monday. 8090 Industries led the round, with major investments by Stride Capital, Industrious Ventures, Lockheed Martin Ventures, Tribe Capital, Good Growth Capital, and Massive Capital Partners. The company plans to use the capital to...