Teledyne today reported second quarter 2020 net sales of US$7 43.3 million, compared with net sales of $782.0 million for the second quarter of 2019, a decrease of 4.9%. Net income was US$ 93.7 million ($2.48 diluted earnings per share) for the second quarter of 2020, compared with US$ 104.6 million ($2.80 diluted earnings per share) for the second quarter of 2019, a decrease of 10.4%.

C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF),announced today financial results for the second quarter ended May 31, 2020. The company generated revenues of $1,061,665 and a net after tax loss of $466,930 or -1 cent per share. This compared with revenues of $2,566,595 and a net after tax profit of $267,342 or 1 cent per share for Q2, 2019 – representing a decrease of 59% and 275% respectively.

Comtech Telecommunications Corp. (NASDAQ: CMTL) and its wholly owned subsidiary, Convoy Ltd. filed a complaint in the Delaware Court of Chancery against Gilat Satellite Networks Ltd. on July 7, 2020.  The complaint relates to the agreement and plan of merger dated January 29, 2020 between Gilat and Comtech providing for the acquisition of Gilat by Comtech and seeks a declaratory judgment that certain actions, if taken by Gilat, would breach Gilat’s obligations under the Merger Agreement.

AVIA had the privilege of hosting the first major online media conference of the year, the OTT Virtual Summit, with a record turnout of over 700 delegates. Opening the Summit this year was the Thought Leaders' panel, featuring a stellar line-up of senior executives from across the video landscape. The panel had optimism all round for the industry as a whole.

OneWeb announced today that it has entered into an agreement with a consortium led by the UK Government (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and Bharti Global for the acquisition of the OneWeb business in connection with its court-supervised sale process.

In the time of COVID-19 pandemic, when most activities are being conducted remotely, the effective and efficient management of satellite networks is more crucial than ever.

It is a vast land, making up three quarters of all Russia.  It is an empty land, where fewer than one in four Russians live.  Notorious for long, harsh winters but rich in gold and diamonds, oil and coal.

Haven’t we been using banal reasons to justify space exploration (and by extension satellites) like non-stick frying pans?”  “Yes. Our nation has never had a philosophy of space exploration.”

With the retreat of the glaciers at the end of the last major ice age began the current (official) geological epoch – the Holocene. It is argued across the science community that the Holocene has, in reality, given way to the Anthropocene – the (proposed) new geological epoch dating from the beginnings of significant human impact on Earth’s geology and ecosystems, including, but not limited to, anthropogenic climate change.

Grass Valley announces the completion of its acquisition by private equity firm, Black Dragon Capital, from Belden Inc. The completion of the transaction, announced earlier this year, puts Grass Valley in an ideal position to continue driving innovation as it leads the media and entertainment industry's transition to a cloud-based future and pay-as-you-go business models.