Satellite News

COM DEV International Ltd. reported financial results for its fiscal year ending 31 October 2010.

Berry Smutny, the CEO of German OHB-System AG, said in a statutory declaration that he did not make the statements attributed to him in leaked cables from the U.S. embassy in Berlin, which were published by Aftenposten yesterday.

The head of German company OHB Technology, Berry Smutny, called the European Galileo navigation satellite system a “stupid idea” being pushed by France for military reasons, according to a leaked U.S. diplomatic cable. Mr. Smutny, whose company ironically is the main contractor for the first 14 Galileo satellites, denies having said this – and other things. Yes, it’s WikiLeaks/Cablegate time again.
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Integral Systems, Inc., announced that the company is considering strategic alternatives to enhance shareholder value, including acquisitions, mergers, sale of the company or other transactions.
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The German federal government has reportedly decided not to fund the HiROS satellite project, thus avoiding tensions with France.
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EADS Astrium reported its preliminary turnover stands at EUR5 billion, representing an increase of around 4 percent compared to 2009 despite a difficult economic situation.
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ITT Corp. said it will split itself into three publicly traded companies. Under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related businesses and its Defense & Information Solutions segment.
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Intelsat S.A. announced that its subsidiary, Intelsat Jackson Holdings S.A., entered into a senior secured credit agreement that provides for a term loan facility of US$3.25 billion and a revolving credit facility of up to US$500 million.
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