Washington, D.C. March 11, 2021 – Speedcast has successfully completed its restructuring process and today emerged from chapter 11 bankruptcy proceedings under the ownership of Centerbridge Partners, L.P. and its affiliates. Following Centerbridge’s USD $500 million equity investment in the company, Speedcast now has a clean balance sheet with no secured debt and a healthy cash balance, optimally positioning it as a stable, long-term partner for its employees, customers and vendors according to the company.
Melville, NY, March 11, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2021 and updated its financial targets for fiscal 2021. Fiscal 2021 Second Quarter highlights include:
Los Angeles, Calif., March 5, 2021--There are many exciting developments in the Satellite communication on the move (COTM) market. Among these developments, the most promising might just be the launch of flat panel antennas (FPAs) which aretransforming the Land, Maritime and Aeronautical COTM markets. FPAs may just supplant the traditional parabolic antennas, if the cost and economics would make it a feasible solution.
PLUS Product and Services Spotlight, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets Stock Index and many more. Click here to read or download the file
Melville, NY, Mar. 3, 2021--Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leader in the advanced secure wireless communications market, announced today that it has closed the acquisition of UHP Networks Inc., a leading provider of innovative and disruptive satellite ground station technology solutions. Founded in 2011, UHP is based in Canada and has developed revolutionary technology that is transforming the growing Very Small Aperture Terminal (VSAT) market.
New York, NY, March 2, 2021-- How many presentations, emails, articles and Zoom webinars start with the phrase, “In these uncertain times…”? I did a quick search: 549,000. Occam’s Razor applies here. The simplest explanation is usually true. And in March 2021 the simple explanation is that we are in uncertain times because of COVID. Now can we please move on?
Long Beach, Calif., March 1, 2021--Rocket Lab USA, Inc. a provider of launch and space systems, and Vector Acquisition Corporation (Nasdaq: VACQ) a special purpose acquisition company backed by technology investor Vector Capital, announced today that they have entered into a definitive merger agreement that will result in Rocket Lab becoming a publicly traded company. The transaction is estimated to be completed in Q2 2021 and, at that time, Vector will change its name to Rocket Lab USA, Inc. and the combined company will trade under the Nasdaq ticker symbol RKLB.
San Francisco, Calif., March 1, 2021--Spire Global and NavSight Holdings, a special purpose acquisition company, today announced they have entered into a definitive merger agreement for a business combination that would result in Spire becoming a publicly listed company.
London, UK, March 1, 2021--The UK space industry is facing a crucial crossroad. The industry must face the challenges of a post-Brexit and post-pandemic world with increasing competition and pressure from countries with greater ambition and resolve to developed their space resources and capabilities.