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Tag Archives: satellite communications

Report: EchoStar Calls for Talks With Inmarsat Board Over $3.2B Takeover Offer

Colorado-based EchoStar (Nasdaq: SATS) called on Inmarsat to initiate discussions with shareholders about its $3.2 billion takeover offer and that it would pursue the bid if given a deadline extension, Reuters reported Friday. EchoStar has until Friday, July 6, to decide whether to present a firm offer for Inmarsat or drop the …

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Iridium CEO Matt Desch: Personal Mobile Connectivity a Top Trend in Satcom Market

TYSONS CORNER, VA, July 5, 2018 — Matt Desch, CEO of Iridium Communications (Nasdaq: IRDM), has said the satellite communications industry has seen the “bring your own device” movement become one of the top trends in the sector, ExecutiveBiz reported Friday. Desch, a four-time Wash100 recipient, said in an interview …

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Inmarsat Government’s Rebecca Cowen-Hirsch: Funding, Leadership Support Needed to Leverage Comsatcom for National Security

TYSONS CORNER, VA, July 3, 2018 — Rebecca Cowen-Hirsch, senior vice president of government strategy and policy for Inmarsat Government, has urged the administration to support appropriations focused on an integrated satellite communications infrastructure that utilizes commercial technologies in line with national security goals, ExecutiveBiz reported Wednesday. Cowen-Hirsch wrote in …

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Report: EchoStar Reveals 3% Equity Stake in Inmarsat

Colorado-based EchoStar (Nasdaq: SATS) disclosed in a stock exchange filing that it has secured a 3 percent equity stake in U.K.-based Inmarsat valued at approximately $108.9 million and a 10.4 percent position in the latter’s convertible bonds worth $67.4 million, Reuters reported Friday. EchoStar needs to decide by July 6 whether …

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Matt Desch: Iridium to Continue Transformation Built on Satcom, Broadband Internet Capabilities

TYSONS CORNER, VA, June 18, 2018 — Matt Desch, CEO of Iridium Communications (Nasdaq: IRDM), has said the company anticipates its continued transformation into a mature company over the next 12 to 24 months as it nears the completion of its Iridium NEXT satellite communications network and builds on partnerships …

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Securitas Closes Buy of Kratos’ Public Safety, Security Division; Eric DeMarco Comments

Securitas Electronic Security has completed its $70 million cash acquisition of the public safety and security business from Kratos Defense and Security Solutions. Eric DeMarco, president and CEO of Kratos, said in a statement released Monday the company aims to focus growth efforts in the unmanned aerial drones, missile defense, training systems, …

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Reports: Inmarsat Turns Down EchoStar’s Takeover Offer

Inmarsat has declined to accept Colorado-based EchoStar’s (Nasdaq: SATS) takeover bid, saying the offer “undervalued” the U.K.-based satellite communications provider, Reuters reported Saturday. “After carefully considering the proposal with its advisers the board rejected the proposal on the basis that it very significantly undervalued Inmarsat and its standalone prospects,” Inmarsat …

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Kratos Wins Space, Satellite Communications Deals; Phil Carrai Comments

TYSONS CORNER, VA, May 29, 2018 — Kratos Defense and Security Solutions (Nasdaq: KTOS) has received a number of contracts worth approximately $55 million combined to support U.S. and allied space missions and commercial satellite communications for national security, ExecutiveBiz reported Thursday. The company said Wednesday it will deliver products …

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Inmarsat’s Rebecca Cowen-Hirsch: DoD May Focus on Resilient Satcom Under National Defense Strategy

TYSONS CORNER, VA, May 21, 2018 — Rebecca Cowen-Hirsch, senior vice president for government strategy and policy at Inmarsat‘s government business, has said the National Defense Strategy serves to underscore efforts to increase U.S. capability for space-based threat awareness and space asset protection, ExecutiveBiz reported May 10. Cowen-Hirsch told C4ISRNet in …

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Hughes Proceeds to Phase 2 of DoD Satcom Interoperability Study; Rick Lober Comments

TYSONS CORNER, VA, May 15, 2018 — Hughes Network Systems will build a Flexible Modem Interface prototype that will enable interoperability between military and commercial systems as part of a follow-on contract under a Defense Department pilot study, ExecutiveBiz reported May 8. The company said May 7 the contract covers work for the second phase …

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