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Tag Archives: SpeedCast

Speedcast Receives CFIUS Clearance for Globecomm Deal

Speedcast International announced Thursday that the Committee on Foreign Investment in the United States (CFIUS) has approved the company’s $135M acquisition of Globecomm Systems. CFIUS found no unresolved national security concerns holding up the acquisition. Speedcast expects the purchase of Globecomm to finalize before the end of 2018, pending customary closing conditions. On Aug …

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Speedcast Eyes Potential $100M UltiSat Acquisition to Launch Gov’t-Focused Division

Speedcast International has signed a definitive agreement for a potential $100 million acquisition of UltiSat in efforts to establish a new government division and build on existing remote communications offerings to the public sector. Speedcast said Sunday the pending transaction with the U.S. government contractor is anticipated to complement the Speedcast portfolio for …

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Weekly Roundup October 31 – November 4, 2016: Final Pre-Election Week Brings News Flurry & more

October 31 – November 4, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson In this last full week before a most unusual election, the evolving narrative of a re-shaping government contracting landscape added more chapters as this week’s assortment of stories GovCon Wire covered …

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November 1 Market Close: GovCon Index Flat, Harris & Engility Bounces Offset By Aerospace Declines

Executive Mosaic’s GovCon Index closed in narrow range Tuesday despite a majority of the session in positive as declines by aerospace and defense primes offset gains by Harris Corp. (NYSE: HRS) on news of a pending divestiture and Engility Corp. (NYSE: EGL) after quarterly earnings that exceeded Wall Street’s expectations. GovCon Index …

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Harris to Sell Maritime Comm Business for $425M, First Divestiture Since Jana Pact

Harris Corp. (NYSE: HRS) has agreed to sell its maritime energy communications business to global satellite services company SpeedCast International for $425 million in the military radio maker’s first divestiture since its August agreement with activist hedge fund Jana Partners. This move is part of Harris’ larger effort to examine non-core businesses and …

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Inmarsat Mobile Broadband Service Available to Global Gov’t Sector Via SpeedCast

TYSONS CORNER, VA, Aug. 24, 2016 — Inmarsat‘s Global Xpress mobile broadband service will be available to global public sector customers via value-added reseller SpeedCast International, ExecutiveBiz reported Tuesday. SpeedCast will support the deployment of the GX service alongside Inmarsat’s Fleet Xpress maritime GX platform, Inmarsat said Monday. About Executive Mosaic: Founded …

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