Satellite News

Yin Liming, president of China Great Wall Industry Corp. (CGWIC), said his company aims to take a 10 percent share of the world’s commercial satellite market, and 15 percent of the commercial launch business by 2015.

MacDonald Dettwiler and Associates Ltd. has denied a report that it is in talks to sell its Systems division (i.e. its space business) but did not expressly rule out a sale of other parts of the company.

Orbital Sciences Corporation reported its financial results for the third quarter of 2010.

The Boeing Company reported third-quarter financial results.
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Lockheed Martin Corporation reported third quarter 2010 financial results.
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SkyPort Global Communications announced that it has formally changed its corporate name to TrustComm, Inc.

Gilat Satellite Networks Ltd. has entered into a definitive agreement to acquire all of the outstanding stock of Wavestream Corporation. Wavestream is a provider of high power solid state amplifiers.

Sirius XM Radio announced that it added 334,727 net subscribers in the third quarter of 2010, compared to a net subscriber gain of 102,295 in the third quarter of 2009. At the same time, an investigation has been launched into how the company gets its subscribers.