Satellite News

EADS Astrium has entered into an agreement to acquire Surrey Satellite Technology Limited (SSTL). Completion of the acquisition is subject to obtaining the relevant regulatory approval.
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Loral Space & Communications Inc. announced that, owing to the delayed filing of the Company’s Form 10-K for the fiscal year ending 31 December 2007, the company has received a letter from the Staff of The NASDAQ Stock Market indicating that the company no longer satisfies NASDAQ’s filing requirement, and that the company’s securities are subject to delisting from NASDAQ.
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EADS NV is in negotiations to buy Surrey Satellite Technology Ltd, as part of its drive to increase non-Airbus activities, Les Echos reported without naming its source.
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Orbcomm Inc. has completed the acquisition of a 37 percent stake in Orbcomm Japan Ltd., Orbcomm’s representative in Japan and the owner of a gateway Earth station (GES) in Japan, through its wholly owned subsidiary, Orbcomm LLC.
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Loral Space & Communications Inc. reported its unaudited pre-tax financial results for the periods ending 31 December 2007. The company was not able to file its Form 10-K by the 1 April 2008 extended deadline because of income tax accounting complexities arising from the Telesat transaction.
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Gilat Satellite Networks Ltd. has entered into a definitive merger agreement for the company to be acquired by a consortium of private equity investors that includes The Gores Group LLC, Mivtach Shamir Holdings Ltd., companies affiliated with Roy Ben-Yami, Ami Lustig and Eytan Stibbe and DGB Investments, Inc. in a transaction valued at approximately US$475 million.
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Asia Satellite Telecommunications Holdings Limited announced its 2007 annual results for the year to 31 December 2007.

MacDonald, Dettwiler and Associates Ltd. reported that at today’s meeting of shareholders to consider the proposed sale of its Information Systems and Geospatial Services business, over 99.9 percent of voting shareholders approved the transaction.