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Nayna Networks Inc., a provider of next-generation network systems will acquire privately held Professional Satellite & Communications LLC (ProSat), a supplier of residential broadband satellite systems, Nayna announced. ProSat, which...

GeoEye made the final payment on the $50 million credit facility that funded the acquisition of Space Imaging, GeoEye announced Feb. 5. GeoEye completed the acquisition in January 2006, and...

Pace Micro Technology, a supplier of set-top boxes to satellite pay-TV operators, posted a profit of 1.4 million British pounds ($2.76 million) in the six-month period that closed Dec. 2,...

Integral Systems Inc. will declassify its board, resulting in a single class of directors with each one up for election every year, the company announced Feb. 6. In response to...

Near Earth LLC has formed Near Earth Advisory as a distinct business unit focusing on advisory services, the company announced Feb. 5. Services will include valuations, fairness opinions, custom research...

Motient Corp. has appointed William Freeman to its board of directors, the company announced Feb. 5. Freeman is chairman of TerreStar Networks Inc., a majority-owned subsidiary of Motient.  He previously...

The first Space-Based Infrared System (SBIRS) geosynchronous orbit spacecraft platform has completed engineering thermal vacuum testing, Lockheed Martin announced Feb. 5. SBIRS will provide early warning of missile launches and...

Advantech Satellite Networks Inc. has been awarded a contract to provide a VSAT communications network for Saudi Aramco in the Kingdom of Saudi Arabia, Advantech announced. The contract includes the...

Integral Systems Inc. has been awarded a U.S. Air Force contract to support the Wideband Global Satcom (WGS) program, the company announced Feb. 5. The contract, valued at $4.5 million,...

The Odyssey Launch Platform and the Sea Launch Commander are in transit from Sea Launch’s launch site at the equator, the company announced Feb. 5, six days after the explosion...