For a technology launched in the 1980s, VSATs have shown a remarkable ability to adapt and thrive. In fact, they are on a growth curve that, according to NSR, will create cumulative market revenue of $159 billion over the next decade. Maritime is forecast to lead the pack with a 16% CAGR to 75,000 VSAT-enabled vessels by 2028.

Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDF), a provider of remote communication and IT solutions, said it expects Underlying EBITDA for 1H 2019 of approximately US$60 to US$64 million and revised its expectation for Underlying EBITDA for full year 2019 to approximately US$140 million to US$150 million.

1H 2019

Speedcast said it expects Underlying EBITDA for 1H 2019 of approximately US$60 to US$64 million, including US$8 to US$10 million from the Globecomm acquisition which completed in December 2018.

L3Harris Technologies today announced the successful completion of the all-stock merger between Harris Corporation and L3 Technologies on June 29, 2019.

Headquartered in Melbourne, Florida, L3Harris is the sixth largest defense company in the U.S., and a top 10 defense company worldwide – with approximately $17 billion in revenue and 50,000 employees, including 20,000 engineers and scientists.

Two events — the World Summit on Information Society (WSIS) and AI for Good Global Summit — made their marks this year at the International Telecomunication Union (ITU) in Geneva, Switrzerland.

Eutelsat Communications (Euronext Paris: ETL) has confirmed the successful launch of Eutelsat 7C. The satellite was lifted into space from Kourou, French Guiana by an Ariane 5 rocket at 23h43 CET (21h43 UTC) on June 20.

Global Invacom, a global provider of satellite communications equipment, has announced the acquisition of the technology of the Apexsat group of companies. This includes the assets and intellectual property (IP) from Apexsat.

This acquisition will enable Global Invacom to manufacture products for the upcoming Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) satellite communication constellations market and SATCOM On The Pause (SOTP) tracking two ways systems.

Peraton, a portfolio company of Veritas Capital, has entered into a definitive agreement to acquire Solers, a leading provider of software development and systems integration for space situational awareness, satellite ground systems and operations, cybersecurity engineering, and enterprise cloud-based solutions.

Raytheon Company and United Technologies Corp. have entered into an agreement to combine in an all-stock merger of equals. The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defense. The merger of Raytheon, a leading defense company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defense technologies.

Intelsat S.A. (NYSE:  I)  announced today that its indirect wholly-owned subsidiary, Intelsat Jackson Holdings S.A., intends to offer US$ 300 million aggregate principal amount of its 9.750% senior notes due 2025 (the “Notes”). The offering would constitute an offering of additional notes having the same terms as Intelsat Jackson’s existing 9.750% Senior Notes due 2025 (other than issue price).

Three editions of the AI for Good Global Summit have showcased numerous artificial intelligence (AI) projects with promise to advance the United Nations Sustainable Development Goals (SDGs). From summit to summit, participants have recognized the significance of the leap from AI promise to global impact, a leap that they plan to take together with the development of an 'AI Commons'?