Satellite News

Space insurers are expected to generate more than US$400 million in profit for 2009 provided there are no claims before the end of the year, according to Aon’s International Space Brokers (ISB), the largest specialist risk adviser in this sector.

COM DEV International Ltd. has replaced the head of its Canadian unit, George Cwynar, after warning of disappointing quarterly results due to cost overruns related to two domestic government contracts.

Despite difficulties caused by the global financial crisis, “financing of the space industry has always been and will remain sufficient,” Russian Prime Minister Vladimir Putin said.

EADS Astrium fears a downturn of revenues from its Ariane 5 launcher by summer 2010, German business weekly WirtschaftsWoche reports. On the other hand, Astrium seems to have won a major satellite contract.

Inmarsat plc announced the acquisition of the business and assets of Segovia, Inc., a provider of secure Internet protocol managed solutions and services to the United States Army and other U.S. military services and government agencies.
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The European Aeronautic, Defence & Space Co. (EADS) reported financial results for the first nine months of 2009.
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RRsat Global Communications Network Ltd. announced its financial results for the third quarter ending 30 September 2009.
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Gilat Satellite Networks Ltd. reported its results for the third quarter ending 30 September 2009.
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