Asia-Pacific Markets - Latest Developments


Jacksonville, Fla., February 23, 2021

Redwire has acquired Deployable Space Systems (DSS), a leading supplier of mission-enabling deployable solar arrays, structures and mechanisms for space applications.Terms of the transaction were not disclosed.

“DSS has an unmatched reputation for innovative deployable space technologies and infrastructure, and that is a perfect fit for Redwire’s technology portfolio,” said Peter Cannito, Chairman and CEO of Redwire. “These new capabilities will expand our set of space infrastructure solutions and deliver even greater value to our customers.”

London, UK, February 17, 2021

Building on its mission of Empowering Content Everywhere and serving the media, entertainment and technology industry, IBC today announced its strategic plan for 2021, focusing on the return of a live event in Amsterdam this year. IBC revealed plans to deliver a hybrid (physical and digital) event from 10th – 13th September 2021 and unveiled a fall-back option in early December 2021.

Petah Tikva, Israel – February 16, 2021

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the fourth quarter and full year ended December 31, 2020.  The company reported revenues of US$ 42.6 million versus US$ 78.3 million in Q4 2019 and improved from US$ 37.3 million in the previous quarter.

Fourth Quarter Financial Highlights

Paris, France, February 12, 2021

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.”

McLean, Va., February 11, 2021

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.

Carlsbad, Calif., February 4, 2021

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.

Washington, D.C., February 2, 2021

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.

Singapore, January 28, 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).

Sydney, Australia, January 25, 2021

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.

Cape Canaveral, Fla., January 24, 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.