News Archive
April 26, 2024
The anticipated merger of Bayanat, an AI-powered geospatial solutions provider, and Yahsat, the UAE’s flagship satellite operator, is now close to completion. The shareholders of both companies approved the proposed merger of the two Abu Dhabi-headquartered entities to create Space42, a global AI-powered space technology company. Yahsat announced the combined shareholder approval on April 25.…
April 26, 2024
Finnish satellite company Iceye has a new data collaboration with reinsurance broking arm Juniper Re for Iceye’s Flood and Wildfire Insights data. Iceye announced the new, multi-year agreement on April 25. Terms of the deal were not disclosed. Iceye, which recently raised $93 million in funding, operates a constellation of synthetic aperture radar (SAR) satellites.…
April 26, 2024
Space & Airborne Systems and Communication Systems led growth at L3Harris in the first quarter of 2024, contributing to a 17% year-over-year revenue increase. L3Harris reported Q1 results on Friday. Company-wide, revenue in the first quarter was $5.2 billion, up 17% with up 5% organically. The revenue increase was primarily from the Aerojet Rocketdyne acquisition,…
April 26, 2024
Hughes Network Systems has opened a new manufacturing facility and private 5G incubation center in Germantown, Maryland. The Hughes Manufacturing Facility (EXM) will serve as a testing ground for private 5G solutions for enterprise applications and the U.S. Department of Defense. The center is located next to the Hughes headquarters, in the Pinkney Innovation Complex…