Finance

L3Harris Technologies on Monday said is creating a new strategic position within the company aimed at better fusing its capabilities corporate-wide to win more business as prime contractor and expand growth in the U.S. and globally. Sean Stackley, who has led L3Harris’s Integrated Mission Systems (IMS) segment since the merger of Harris Corp. and L3...

World Satellite Business Week (WSBW) was back in force this year in Paris. Sessions and happy hours were packed, and many commented on the number of new faces at the show. While there weren’t any show-stopping mergers to come out of the week, it was a time to hear the industry’s thoughts on the latest...

Satellite hardware startup Somewear Labs Raises $13.7 million in its Series A round, which was led by a group of over a dozen current and former CEOs chaired by David Dorman, former CEO of AT&T.  Somewear, founded in 2017, offers a software platform and satellite hardware for remote communications. It offers a Global Hotspot product...

Optus, one of Australia’s biggest telcos and satellite operators, has signed a new deal with Space Machines Company (SMC) to explore options for developing sovereign space capabilities. Optus announced the deal, Sept. 21. SMC is an Australian startup that provides orbital logistics and services to both commercial and government customers and is dedicated to developing...

The U.K. government approved the Viasat/Inmarsat business combination on Friday under the National Security & Investment Act. This is one step in Viasat’s necessary approvals from the U.K. government and other jurisdictions. The Secretary of State for Business, Energy and Industrial Strategy (BEIS) made a final order that will go into effect when the acquisition...

Propulsion startup Morpheus Space raised a $28 million Series A funding round led by space VC Alpine Space Ventures. The company develops electric propulsion systems for small satellites and said this round of funding will increase manufacturing capability with a new factory in Dresden, Germany Other investors included Morpheus Ventures, Vsquared Ventures, Lavrock Ventures, Airbus...

Microsoft EVP of Strategic Missions and Technologies Jason Zander confirmed in a blog post published Wednesday that the software giant will team up with SES, SpaceX, Pixxel, Muon Space, and Loft Orbital to expand and enhance the services of its two-year-old space platform, Azure Space. Satellite operator SES confirmed the expansion of its existing partnership...

PARIS — The industry’s leading satellite operators are taking stock of their areas for growth and their place in the ecosystem as satellite is becoming a larger part of the global connectivity conversation.  Amid rumors that Intelsat and SES could potentially combine, Intelsat’s new CEO David Wajsgras applauded Eutelsat and Viasat for their bold moves...

PARIS — The satellite industry is facing opportunity and danger — danger in terms of regulations, Viasat CEO Mark Dankberg cautioned Monday during a fireside chat at World Satellite Business week in Paris.  On the heels of announcements from T-Mobile and SpaceX, and Apple and Globalstar, about satellite direct-to-cell service, Dankberg said the satellite industry...

PARIS — Eutelsat CEO Eva Berneke and OneWeb CEO Neil Masterson outlined their vision for their recently announced business merger and pitched the benefits of an integrated Geostationary (GEO) and Low-Earth Orbit (LEO) satellite system during a press conference on Monday at World Satellite Business Week. Berneke said Eutelsat’s stable revenues will be invested in...