Finance

MDA has won a new contract with one of Latin America’s biggest satellite operators. It will design, build and supply all of the Ka-band multibeam antennas for the ARSAT-SG1 satellite, the company announced Feb. 9. ARSAT is Argentina’s national telecoms company and ARSAT-SG1 will provide high-speed Internet as well as digital video and voice services across Argentina...

Viasat’s long-awaited Viasat-3 satellite is set to launch the week of April 8, the operator announced Tuesday. The satellite has completed construction and testing after what Visat described as a “long, painstaking process.”  Viasat shared its third quarter fiscal year 2023 financial results on Tuesday, and a forecast for future revenue with the upcoming launch...

Viavi Solutions is bringing a new solution to market which it says will deliver critical security for Positional, Navigation and Timing (PNT) to communications service providers, network equipment manufacturers, government and military, and avionics markets. The company announced the PNT-6200 Series Feb. 8 and will showcase it later this month at Mobile World Congress (MWC)...

Seraphim Space’s latest quarterly Space Index report, released Monday, said that 2022 could be considered the best year for seed stage investments in space startups. Seed financing deals were up around 50 percent in 2022 compared to 2021, which it says indicates strong interest from entrepreneurs and investors in funding new space companies in 2022....

Intelsat has appointed Gaurav Kharod as the new regional vice president for its Asia Pacific (APAC) region. He will take over from Terry Bleakley, who previously led the APAC team. Bleakley will transition on April 1 to a part-time senior advisory role at Intelsat. Kharod comes from Intelsat’s India office, where he served as the...

Amazon’s Kuiper satellite constellation is part of a company strategy to invest in the long-term future of Amazon, CEO Andy Jassy outlined on Thursday in his first investor call as Amazon CEO.  Jassy took the helm as CEO after Jeff Bezos in late 2021, but Amazon CFOs have traditionally taken the quarterly call with investors....

Tiphaine Louradour is taking the helm at rideshare provider Spaceflight as the company’s new CEO. Spaceflight announced the news on Thursday, after Louradour announced her departure from ILS International Launch Services (ILS) earlier this week. Louradour succeeds Curt Blake, a founding executive of Spacelight and longtime CEO of the company. Blake will support the leadership...

Orbital Sidekick announced a $10 million investment on Tuesday to support growing its hyperspectral satellite constellation and commercializing its asset monitoring solution for the energy sector.  Existing investor Energy Innovation Capital led the round, along with strategic investments from energy companies Williams and ONEOK, two Orbital Sidekick customers. The University of Minnesota’s Endowment and 11.2...

Satellite imagery provider and technology company Capella Space on Tuesday said it has stood up a new subsidiary, Capella Federal, to better serve the federal government, in particular the classified space as demand surges for commercial satellite remote sensing imagery and data. Capella Federal will be led Eric Traupe, who retired in 2022 from the CIA after...

Ball Aerospace has appointed Aidan Fitzgerald as its new vice president of Finance, starting later this week. The company made the announcement, Jan. 27. Fitzgerald will lead all financial-related and contractual activities for Ball Aerospace, including overseeing budgets, leading financial planning and analysis, providing financial guidance and making recommendations for the company’s long-term financial profitability....