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Tag Archives: satellite

July 30 Market Close: GovCon Index Drops, US Stocks Stuck in Neutral

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The GovCon Index lost some ground from a two-point rise in the previous two trading days to record a decline of 0.556 points and close at 76.036 Thursday. Intelsat (NYSE: I) led all Index gainers at 26 percent after the Luxembourg-based satellite services company reported a second-quarter profit of $60.2 million ...

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Iridium Gov’t Revenue Up 12% in 2Q; Matt Desch Offers NEXT Program Update

Matt Desch

Iridium Communications (Nasdaq: IRDM) has reported a 12.5 percent increase in government segment revenue for the company’s fiscal year 2015 second quarter compared to the prior year period. Total quarterly sales for the segment reached $18 million, which the company attributed primarily to its airtime services contract with the Defense ...

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David King to Succeed Marc Bendickson as Dynetics CEO; Greg Lester Named President

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David King, formerly president of Dynetics, has been appointed CEO of the Huntsville, Alabama-based engineering, applied science and information technology company. Dynetics said Wednesday King will succeed Marc Bendickson, the four-decade company veteran who will remain as chairman of the board of directors. “[King] started the space division, which has become a major ...

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Raytheon Awarded $240M Task Order for NASA Data Mgmt System

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Raytheon (NYSE: RTN) has secured a potential five-year, $240 million task order to further develop and maintain a data management tool for NASA. The space agency said Thursday its Earth Observing System Data and Information System works to store, manage and share scientific data collected from satellites, aircraft and other sources with ...

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SpaceX to Help NASA Launch Exoplanet Survey Satellite

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Space Exploration Technologies Corp. has been selected to supply services for NASA’s nearly $87 million satellite launch mission set to take place in Cape Canaveral Air Force Station, Florida. The Transiting Exoplanet Survey satellite is scheduled for liftoff in August 2017 on board a Falcon 9 v1.1 launch vehicle, NASA said ...

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Stephen Spengler to Become Intelsat CEO in April 2015

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Stephen Spengler, formerly president and chief commercial officer at satellite services contractor Intelsat (NYSE: I), has been promoted to deputy CEO and will transition into the chief executive role on April 1, 2015. Intelsat said Thursday the move is part of a succession plan that will see current Chairman and CEO David McGlade move into the executive chairman role at ...

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Iridium Records 7% Revenue Hike for 3Q 2014, Gov’t Services Sales Up 14%

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Iridium Communications (NASDAQ: IRDM) has announced financial results for the third quarter of its 2014 fiscal year, which ended Sept. 30, 2014. Revenue for the McLean, Virginia-based satellite services contractor rose 7 percent to $107.5 million from the prior-year quarter and profit increased approximately 22.9 percent to $20.4 million. The company’s ...

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Robert Delorge: Raytheon Extends Work on FAA’s Dual Frequency System

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Raytheon (NYSE: RTN) has received a $131 million contract to update the Federal Aviation Administration’s wide area augmentation system as the agency moves into a dual frequency system. WAAS serves as a satellite-based augmentation system for air traffic safety functions, Raytheon said Friday. “Continuing to enhance the WAAS system is an important step ...

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Steve Lynch: Navy Selects Rome Research to Operate Civilian, Military Satellite Terminals

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A PAR Technology Corp. (NYSE: PAR) subsidiary will operate and maintain the U.S. Navy’s Chesapeake, Virginia-based satellite communications facility under a five-year, $23.5 million contract. Rome Research Corp. will also support a Naval Computer and Telecommunications Area Station Atlantic component, PAR Technology said Wednesday. The firm-fixed price contract contains a one-year base ...

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DigitalGlobe Targets $400M Hi-Res Satellite Imagery Market; Yancey Spruill Comments

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DigitalGlobe Inc. (NYSE: DGI) is seeking to enter the higher-resolution satellite imagery global market which is worth around $400 million annually, Reuters reported Friday. Abhirup Roy and Mridhula Raghavan write DigitalGlobe last year applied with the Commerce Department for a permit to increase the resolution of its images from 50 ...

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