RUAG International’s Space business is currently being reorganized as part of a project called Ambition 21. The reorganization is a response to a changing market environment and an unsatisfactory performance in 2020. The  focus of the reorganization is on strengthening RUAG Space’s position in Europe as a leading supplier to the space industry, on selectively expanding its subsystem offering and to further expand RUAG Space’s business in the US and globally.  

The Board of Directors of Eutelsat Communications (Euronext Paris: ETL), reported the financial results for the half-year ended 31 December 2020. Rodolphe Belmer Chief Executive Officer (CEO) of Eutelsat  said: “Eutelsat has produced a solid First Half performance with Operating Verticals revenues down by 2%, reflecting our resilience in the Covid-19 impacted context, and with an EBITDA margin at 76.7%, despite the costs associated with Broadband ramp-up. Free-cash flow generation at the half year stage already amply covers the dividend paid in November.”

Iridium Communications Inc. (Nasdaq:IRDM)  today reported financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. Net loss was US$ 7.9 million, or $0.06 per diluted share, for the fourth quarter of 2020, as compared to net loss of US$ 107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019.

Viasat released third quarter Fiscal Year 2021 Financial results today in a letter to shareholders .  The quarterly company revenues were US$ 575.6 million versus US$ 588.2 million last year. Quarterly revenues were down 2.2% year on year (YoY) and EBITDA was up 20.6 % YoY.  The results were 6.6% above consensus.

The National Association of Broadcasters (NAB) revealed research that demonstrates growing confidence and positivity among NAB Show participants about a return to in-person events. Results from a survey conducted by Freeman Event Research as part of a trade show industry research project, which included NAB Show in Las Vegas, indicate a majority of past NAB Show attendees expect to attend in-person events in late 2021.

Informa Tech, the Infocomm Media Development Authority (IMDA) Singapore and the Singapore Tourism Board (STB) today unveiled details of a new flagship tech event for Asia in 2021 – Asia Tech x Singapore (ATxSG).

Speedcast International Limited (ASX:SDA) today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed Speedcast International Limited and certain of its affiliates’ Plan of Reorganization. The confirmation definitively clears the path for the company to successfully complete the Chapter 11 process after receiving final regulatory approvals and satisfying customary closing conditions, which is expected by the end of the first quarter of 2021.

At 10:00 a.m. US EST, SpaceX 's Falcon 9 rocked successfully launched its first dedicated SmallSat Rideshare  mission, from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida.On board  the Falcon 9 rocket  were 133 commercial and government spacecraft (including CubeSats, microsats, and orbital transfer vehicles) and 10 Starlink satellites – the most spacecraft ever deployed on a single mission.

The Starlink satellites aboard this mission were the first in the constellation to deploy to a polar orbit. 

Redwire, a provider of  mission critical space solutions and high reliability components for the next generation space economy, announced today that it has acquired Oakman Aerospace, Inc. (OAI) a provider of cutting-edge products and services related to digital engineering, spacecraft and satellite design and development, mission payload development, and data distribution services. Terms of the transaction were not disclosed.

Virgin Orbit, the California-based satellite launch company, confirmed that its LauncherOne rocket reached space during the company’s second launch demonstration today, successfully deploying 10 payloads for NASA’s Launch Services Program (LSP) from a rocket launched from a Boeing 747.