Finance

L3Harris reported its full-year 2022 financial results on Jan. 26, reporting full year revenue of $17.1 billion, down 4% and 1% on an organic basis compared to 2021.  Space & Airborne Systems (SAS) segment reported full year revenue of $6.1 billion, up 2% compared to 2021. The company highlighted recent key awards of more than...

LeoStella has appointed Tim Kienberger as CEO, to lead the smallsat manufacturer succeedingCEO Mike Hettich. LeoStella, based in Washington State, is a 50-50 joint venture between Thales Alenia Space and BlackSky.  Kienberger joins LeoStella with three decades of aerospace and defense technology experience and has worked for Boeing and L3Harris and has led teams through...

The Boeing Company’s full year 2022 revenues in its Defense, Space & Security segment fell, while overall yearly revenues increased for the company as a whole, according to the company’s latest financial results released Wednesday. Company-wide, Boeing reported a 7% revenue increase in 2022 over 2021. Revenue in 2022 was $66.6 billion. Net loss was...

Northrop Grumman continues its streak of growth for the Space Systems segment, postings its third year in a row of double-digit growth for the segment.  The company posted its full year 2022 results on Thursday, reporting total sales of $36.6 billion, up 3% compared to 2021.  The Space Systems segment reported sales of $12.3 billion...

Rationalization. It’s the word that venture capitalists and analysts use when describing space investment in 2022. After a string of record-setting years that saw space invest rocket to new heights, interest rates rose sharply in 2022 and both private and public equity investors pulled back. While there were still a number of high-profile space funding rounds...

Astroscale has appointed Andrew Faiola as its new commercial director for its U.K. and European subsidiary Astroscale Ltd, the company announced Jan. 24. He starts the role immediately. Headquartered in Japan, Astroscale has subsidiaries in the United Kingdom, the United States, Israel, and Singapore. Faiola has been in the industry over 20 years and worked...

Lockheed Martin’s Space segment reported a slight dip in net sales in 2022 compared to 2021, amid a year in which full company sales were slightly down.  Lockheed Martin reported its full year 2022 results on Tuesday, reporting a 1.5% decline in sales in 2022 compared to 2021. Lockheed’s 2022 total net sales were $66...

Arianespace has appointed Steven Rutgers to serve as its next chief commercial officer. Rutgers joins Arianespace from IoT startup Hiber, where he was vice president of sales.  He has a more than two-decade long career in the space industry and has worked with Inmarsat distributor Xanticm and with Stratos and Inmarsat, and he has worked...

Last year was the “most difficult investment environment since the Great Recession,” Space Capital said in its 2022 space investment report, but the firm is also optimistic and said 2022 also marked a shift back to the fundamentals. Space Capital released its fourth quarter 2022 report on Jan. 19, reporting total space investment was down...

CesiumAstro has acquired TXMission, a company based in the United Kingdom that develops software-defined radios and modems for satellites. CesiumAstro, which builds ​​active phased arrays, said the deal will help the company expand to Europe and improve its end-to-end communication solution.  CesiumAstro announced the deal Jan. 17, financial terms were not disclosed. TXMission’s office in...