Americas Markets - Latest Developments


Petah Tikva, Israel, Nov. 10, 2020

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT),  today reported its results for the third quarter ended September 30, 2020. Revenues were US$ 37.3 million; compared to US$ 63.4 million in Q3 2019 and similar to that of the previous quarter.   GAAP operating loss was US$ 10.9 million compared to operating income of US$ 7.0 million in Q3 2019 and an operating loss of US$ 3.5 million in the previous quarter. The GAAP operating loss in the quarter includes $8.2 million in expenses related to the Comtech merger and litigation and their effects.

Dubai, UAE, November 9, 2020 by Martin Jarrold

With a total of more than 2,700 views on the GVF YouTube channel of the recorded webinars of the GVF-Satellite Evolution Series, in addition to the views of the live broadcasts over Zoom every alternate Thursday, the series continues to draw some significant audiences, now regularly from over 120 countries. The series has been widely recognized for its professional production approach to presentation and for the quality of its dialogues.

New York City, November 8, 2020 by Robert Bell

It’s not often in a technology business that billions in investment and revenue depend on one of the humblest components of the tech system.

New York City, NY, November 6, 2020

 better-satellite-world-logoIt’s the moment you dread. You reach into your pocket or handbag – and your phone isn’t there. A flash of panic runs through you. Where is it? Lost? Stolen? You rush online and use the “find my phone” feature to see where it is. And there it is at the restaurant where you left it last night.

McLean, Va., November 5, 2020

Intelsat S.A. (OTC: INTEQ), today reported total revenues of US$ 489.4 million and net loss attributable to Intelsat S.A. of US$ 15.9 million for the three months ended September 30, 2020. Intelsat reported EBITDA, or earnings before net interest, gain on early extinguishment of debt, taxes and depreciation and amortization, of US$ 266.7 million and Adjusted EBITDA of US$ 332.9 million, or 68% of revenue, for the three months ended September 30, 2020.

Westminster, Colo., November 5, 2020

Maxar Technologies (NYSE:MAXR) (TSX:MAXR) a today announced financial results for the quarter ended September 30, 2020. Key points from the quarter include:

The October 2020 issue of  the Satellite Executive Briefing magazine focusing on  Satellite Mobility Market sponsored by Advantech Wireless is now available.  Featuring: Whither the Satellite Mobility Market? by Virgil Labrador Case Study: Managing an Outside Broadcast Fleet Challenges for LEO HTS Megaconstelllations: Terrestrial Networks Integration  by Muhammad Furqan and Waheeb Butt Executive Spotlight: Hans Massart, Head-Broadcast and Media, ST Engineering iDirect Leaning Into Risk by Lou Zacharilla Digitization, "Actionable Intelligence" and a Global Digital Ecosystem by Martin Jarrold Company Spotlight: Revgo Global PLUS Product and Services Spotlight, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more.
San Francisco, Calif., November 2, 2020

 jerry-welsh.jpgICEYE today announced that Jerry Welsh, who joined ICEYE in 2017 as COO/CFO, will take on the CEO role for ICEYE US. Welsh, an operations and technology expert who specializes in scale-up strategy recently oversaw the completion of ICEYE’s US$ 87 million Series C financing.

Sydney, Australia, Nov 2, 2020

Following a two-year partnership, which has delivered NBN Co's Business Satellite Services to businesses across Australia, Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDQ) has today announced it has sold selected functions of its wholly-owned subsidiary and dedicated entity, Speedcast Managed Services, to Australian government-owned infrastructure provider, NBN Co.

Paris, France, October 29, 2020

Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2020. The company reported Operating Verticals revenues of €307 million, down 1.9% like-for-like and total revenues down 0.7%. Backlog of €4.4bn, up 3% year-on-year.