by Peter B. de Selding | May 22, 2018
PARIS— The British Defence Secretary on May 21 reiterated that the government is investigating whether it should build its own positioning, navigation and timing satellite constellation in competition with Europe’s Galileo and ultimately the U.S. GPS network. The...
by Peter B. de Selding | May 21, 2018
PARIS — British satellite-mission provider startup Open Cosmos in April raised 5 million British pounds ($7 million) in Series A financing from lead investor Business Growth Fund (BGF) Ventures and LocalGlobe, Entrepreneur First, Transferwise cofounder Taavet Hinrikus...
by Peter B. de Selding | May 18, 2018
PARIS — Satellite ground antenna and terminal builder Gilat Satellite Networks said it is maintaining high R&D spending levels in 2018 to pivot its product line to very-high-throughput satellites (VHTS), the likely arrival of satellite mega-constellations in low...
by Peter B. de Selding | May 17, 2018
Intelsat Chief Executive Stephen Spengler. Credit: Intelsat PARIS — Intelsat Chief Executive Stephen Spengler on May 17 said indications are that the U.S. government, primarily the Defense Department, is renewing its commercial satellite contracts at...
by Peter B. de Selding | May 17, 2018
PARIS — Aero/maritime entertainment and connectivity provider Global Eagle promised investors a 10-15% cut in operating costs, reduced capex and an increase of 25% or more in its adjusted EBITDA for 2018 compared to 2017. The company said it would resist the...
by Peter B. de Selding | May 16, 2018
PARIS — Satellite geospatial imagery and services provider UrtheCast Corp. on May 15 reported progress in securing financial commitments needed to avoid bankruptcy but said the deals leave it $25 million short, with time running out. As previously disclosed —...
