Finance

Hughes Network Systems broadband business continues to shed subscribers, as the company is constrained on satellite capacity awaiting the launch of the Jupiter-3 satellite. Hughes parent company EchoStar Corporation released its third quarter financials on Nov. 3, confirming the Jupiter-3 satellite is progressing at Maxar and is still expected to launch during the first half...

Startup SpaceLink, which was working to offer in-space data relay services, is winding down operations as parent company Electro Optic Systems (EOS) is reorganizing and will no longer fund the company.  EOS stock on the Australian Securities Exchange has largely been in decline since 2021 and fell to around 50 Australian cents in recent months....

Satellite designer and manufacturer Terran Orbital Corp. on Monday said it has received a $100 million investment from Lockheed Martin to allow the company to accelerate and expand its manufacturing capabilities. Lockheed Martin now owns 33.5% of Terran Orbital, which is supplying dozens of nanosatellite buses to Lockheed Martin for the Space Development Agency’s (SDA) Transport Layer of...

Revenue was nearly flat for L3Harris Space & Airborne Systems segment in the third quarter of 2022, while its Communication Systems segment saw a modest increase in revenue of 4% compared to the previous year. Overall, revenue at the company was flat during the quarter and L3Harris reduced overall 2022 guidance.  Space & Airborne Systems (SAS)...

Airbus posted a 27% revenue increase in the third quarter of 2022, driven by higher commercial aircraft deliveries. Total revenue in Q3 was $13.3 billion.  Airbus reported results on Friday, citing higher commercial aircraft deliveries for the increase including a favorable mix, higher contributions from Airbus Defence and Space, and Airbus Helicopters, and the appreciation...

SatixFy Communications is now a publicly traded company after completing its special purpose acquisition company (SPAC) merger with Endurance Acquisition Corp. The satellite technology company began trading on Friday on the NYSE American under the symbol SATX.  In addition Endurance and SatixFy announced a previously disclosed OTC Prepaid Forward Purchase Agreement that calls for purchase...

Space continues to be the fast-growing segment for Northrop Grumman, and the company expects growth to continue. In Northrop Grumman’s third quarter results posted on Thursday, the Space segment reported an 18% increase in revenue compared to the same time period last year. Space posted $3.2 billion in sales, compared to $2.7 billion in the...

Boeing’s Defense, Space, and Security segment saw a 20% decline in the third quarter of 2022 compared to the same time period of 2021 due to losses on military aircraft programs and the Commercial Crew program.  It was a tough quarter for the segment, and Boeing logged $2.8 billion of losses on certain fixed-price development...

Norway’s Kongsberg Defence & Aerospace finalized its acquisition of NanoAvionics and announced R&D investment in the company on Tuesday, including a focus on defense-grade reliability for its satellite buses.  The Norwegian defense firm said it will invest in the small satellite manufacturing, expanding its Lithuanian facilities in Vilnius and Kaunas, focusing on serial manufacturing of...

Iridium Communications increased 2022 guidance for the second time this year after posting more gains in the third quarter. CEO Matt Desch also said the company expects to share more details about a technology development to bring Iridium technology to smartphones by the end of the year.  The satellite operator logged double-digit increases in both...