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US Army Funds TeleCommunication Systems’ SNAP 3T Systems
TeleCommunication Systems (TCS) has received $2.8 million in incremental funding from the U.S. Army for Secret Internet Protocol Router and Non-secure Internet Protocol Router Access Point (SNAP) Tactical Transportable TROPO (3T) deployable communications systems. The U.S. Army Project Manager for the Warfighter Information Network – Tactical (PM WIN-T) Commercial Satellite Terminal Program is funding these procurements through the Army’s $5 billion World-Wide Satellite Systems (WWSS) contract vehicle.
The Tactical Transportable TROPO system enhances users’ communications capabilities by giving them beyond line of sight (BLOS) capability.
SpaceX to Receive $105.4 Million Ex-Im Bank Loan for Launch
The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $105.4 million loan to Space Communication (Spacecom) to finance the SpaceX launch of the Amos 6 communications satellite, the purchase of American made-solar arrays, and insurance brokered by Marsh USA (Marsh). Amos 6 will replace Spacecom’s Amos 2 and cover markets in Central and Eastern Europe and the Middle East. The satellite, which is scheduled to launch in 2015, will also provide pan-European coverage and broadband services in Europe and Africa.
Satellite financing represents Ex-Im Bank’s most prominent stand-out sector in the Bank’s newly transformed portfolio. Just three years ago, satellites accounted for only $50 million in authorizations per year. This year numbers as the third consecutive year in which Ex-Im Bank’s satellite sector authorizations will have topped $1 billion. The transaction is also Ex-Im Bank’s third in support of a SpaceX launch, and it will support approximately 600 U.S. jobs, according to bank estimates derived from Departments of Commerce and Labor data and methodology.
Telesat Partners With Lemko for Broadband Solutions in Rural Canada
Telesat is partnering with Lemko Corporation to bring advanced broadband services, including 3G/4G solutions, to rural and remote communities in Canada. Under the agreement, Telesat will deliver Lemko’s 2G, 3G and 4G LTE solutions to the country’s north, hospitality and resource sectors as well as into enterprise markets.
Lemko aims to make mobile broadband more affordable to deploy and more accessible, globally.
Gilat Sells Spacenet for $16 Million
Gilat Satellite Networks has entered into a definitive agreement to sell its Spacenet Inc. subsidiary to Tulsa, Okla.-based SageNet. The aggregate consideration for the sale is approximately $16 million, subject to certain post-closing adjustments and expenses.
The transaction is subject to regulatory approval and the satisfaction of customary closing conditions and is expected to be completed within the next three months. The transaction is expected to result in a capital loss of $1 million to $3 million, which includes banker’s fees, legal fees and other transaction related expenses.
In fiscal 2012, Spacenet’s business generated revenue of approximately $77 million.
Inmarsat Government Appoints New President and CEO
Inmarsat Government, a provider of secure, global, mission-critical telecommunication solutions to the U.S. public sector, has appointed Susan Miller as its new president and CEO. In this role, Miller will be responsible for the overall business strategy and direction for Inmarsat Government, a wholly-owned independent subsidiary of Inmarsat plc., responsible for all direct U.S. government business.
Miller has more than 20 years of senior executive leadership experience across a wide range of technologies that serve the U.S. government and commercial sectors.
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