News Analysis

Lockheed Martin To Acquire Aerojet Rocketdyne

Bethesda, Md., Dec. 20, 2020--Lockheed Martin Corporation (NYSE: LMT) today announced it has entered into a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) for US$ 56 per share in cash, which is expected to be reduced to US$ 51 per share after the payment of a pre-closing special dividend. This represents a post-dividend equity value of $4.6 billion and a total transaction value of $4.4 billion including the assumption of net cash.

Redwire Acquires LoadPath

Jacksonville, Fla., December 15,  2020--Redwire announced today that it has acquired LoadPath, a developer of payload adapters, deployable structures, and thermal products for the space industry. Terms of the transaction were not disclosed.

Comtech Telecommunications Corp. Announces Results for Its Fiscal 2021 First Quarter and Updates Its Financial Targets for Fiscal 2021

Melville, NY, December 9, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first fiscal quarter ended October 31, 2020 and updated its financial targets for fiscal 2021. The company reported consolidated net sales of US$ 135.2 million and Adjusted EBITDA of $14.3 million (or 10.6% of consolidated net sales) exceeded Comtech's expectation for its first quarter of fiscal 2021. 

World Teleport Association Publishes Top Operator Rankings for 2020

New York City, NY, December 8, 2020–The World Teleport Association (WTA) today published its annual rankings for the Top Teleport Operators of 2020. The annual rankings of companies by revenue and revenue growth are compiled by surveying teleport operators around the world as well as referencing the published results of publicly-held companies.

The Satellite Industry in a Post-Pandemic World

by Elisabeth Tweedie

London, UK, December 4, 2020--“And now for something completely different.”  Words first uttered by John Cleese in 1971, and repeated by Lorraine Whitfield, Chief Events and Marketing Officer, Euroconsult, at the opening of this year’s World Satellite Business Week.  Words that sum up, not only this conference, being the first time that WSBW has been a virtual conference, but words that also sum up this year for most of us.   

And Yet...

by Lou Zacharilla

New York City, NY, December 3, 2020--Given the choice between wrestling a live alligator in a Florida pond and living through the events of 2020 again, I would take my chances with the gator.  As we finish our current orbit around the Sun, we have experienced 365 days, 5 hours, 59 minutes and 16 seconds that felt like a Martian year.  

Intelsat Completes Acquisition of Gogo Commercial Aviation

McLean, Va., December 1, 2020 – Intelsat today completed its acquisition of the Commercial Aviation business of Gogo, creating the world’s leading provider of inflight broadband connectivity to the commercial aviation industry.

Better Satellite World: Mission to the Future

New York City, NY, December 1, 2020--When the first people from planet Earth went into space in the 1960s, it was the thrill of a lifetime.  But we didn’t stay there long.

 

 

Telesat to Become Public Company through Agreement with Loral Space & Communications and PSP Investments

Ottawa, Canada, November 24, 2020–Telesat Canada announced today that it has entered into an agreement with Loral Space & Communications Inc. (NASDAQ: LORL) (Loral) and Public Sector Pension Investment Board (PSP Investments) pursuant to which Telesat Canada and Loral will become subsidiaries of Telesat Corporation (Telesat), a new publicly traded Canadian incorporated and controlled company.