Finance

L3Harris Technologies is selling its Visual Information Solutions (VIS) commercial geospatial technology and software business to engineering services company NV5 Global. NV5 announced the acquisition on Dec. 22 and did not share the purchase price. It is an all-cash transaction. The deal is subject to regulatory approvals and expected to close in the first half...

From Satellite Executive of the Year, to new CEOs and signature deals, Via Satellite’s executive interviews provide an in-depth look into the biggest stories of the year. Here is a roundup of our best and most popular interviews with the leaders who drive the satellite industry forward ‘There’s a Lot More Left for Me to...

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L3Harris Technologies on Tuesday said it has received all U.S. and international regulatory approvals for its pending acquisition of the tactical data link product line from Viasat, with the deal now expected to close by Jan. 3, 2023, months earlier than expected. When L3Harris announced it would acquire the Link 16 network in October for nearly...

Telesat has appointed Philip Harlow as president of Telesat Government Solutions, the company’s subsidiary that provides satellite solutions to the U.S. government and allied nations.  He will replace Tom Eaton, who announced this past summer that he would retire at the end of the year after serving as president of Telesat Government Solutions since October...

The satellite industry in 2022 was marked by consolidation and partnerships, as companies across the value chain look to boost their market position and become a greater part of the telco ecosystem. Also, as Russia’s war in Ukraine made its impact around the world, it also impacted the space industry in a number of ways....

Nearly a year after the collapse of a proposed deal by Lockheed Martin to buy engine and rocket maker Aerojet Rocketdyne, the only independent supplier of tactical rocket motors and engines for space launch vehicles last Saturday found a new suitor, L3Harris Technologies, which agreed to buy the company for $4.7 billion. L3Harris will pay $58 per share...

Maxar Technologies on Friday said it has agreed to be acquired by the private equity firm Advent International for about $4 billion in cash, a $53 per share price that is 129% above the closing price of the company’s shares on Thursday and about 34% above the high point of Maxar’s 52-week trading period. The...

It has been quite a year for the satellite industry. There have been deals aplenty and the industry is looking forward to an exciting 2023. However, to end the year, we thought we would end on something a bit different. The Spotify Wrapped feature is a popular feature now that analyzes what music you listened,...

Planet Labs closed out its third quarter of fiscal year 2023 with $49.7 million in revenue, up 57% year-over-year. Planet, which sells satellite imagery and geospatial solutions, is in its 2023 fiscal year and Q3 ended Oct. 31, 2022.  The company added just nine net new customers in the quarter, ending the period with 864...