Satellite News

Singapore Technologies Engineering Ltd announced that its subsidiary Singapore Technologies Engineering (Europe) Ltd has completed the acquisition of a 100% ownership in Newtec Group NV following the fulfilment of completion conditions, including the receipt of applicable regulatory approvals.

Spire Global announced over US$40 million in new funding from strategic partners including ITOCHU, Mitsui, and Scottish Investment Bank and financial investors led by the GPO Fund, Perennial Value Management Limited, and Bessemer Ventures. Existing investors RRE Capital, Expon Capital, Seraphim Capital and Qualcomm Ventures also participated, among others.

Singapore Technologies Engineering Ltd (ST Engineering) announced that its U.S. subsidiary iDirect Government, LLC (iDirectGov) has acquired 100% ownership in Glowlink Communications Technology, Inc (Glowlink).

Iridium Communications Inc. announced that it has been awarded a US$738.5 million, seven-year, fixed-price contract with the United States Department of Defense through the U.S. Air Force Space Command (AFSpC) to provide unlimited satellite services from its Low Earth Orbit (LEO) constellation.

Following shareholder approval and its registration in the Chamber of Commerce, Airbus’ Italian space subsidiary Space Engineering has officially changed its name to Airbus Italia S.p.A.

Kleos Space S.A. announced it has entered into a binding term sheet for a EUR1.83 million debt instrument, to be issued in the form of secured convertible notes.

Vector Launch Inc. (Vector) announced that it is “undertaking a pause of operations in response to a significant change in financing.”

Viasat Inc. announced financial results for the fiscal first quarter ending 30 June 2019.