Satellite News

Communications satellite-based television broadcaster Sky Perfect JSAT Corp. is in the final stage of talks on acquiring smaller satellite operator Space Communications Corp. controlled by the Mitsubishi group, Jiji Press reported.

COM DEV USA, LLC, a subsidiary of COM DEV International Ltd. , announced that it has reached an agreement with L-3 Communications to acquire the Passive Microwave Devices product line of L-3 Communications Electron Technologies Inc. for US$12.2 million.

The board of Spacecom Satellite Communications Ltd., operator of the Amos satellites, has rejected the offer of SES SA to buy most of the company’s assets in cash or through a merger.

OHB Technology AG said that expected earnings of probably more than EUR0.80 per share in the past fiscal year 2007 exceed the company’s forecast of November 2007 (EUR0.78 per share).

TerreStar Corporation and its subsidiary TerreStar Networks Inc. announced that EchoStar Corporation, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund LP and other investors have entered into a series of separate agreements constituting a commitment of US$300 million in investments in TerreStar – with US$200 million made available today and the balance dedicated to funding the TerreStar-2 satellite.

SES has offered to buy Spacecom Communications in a cash bid it values at up to US$160 million. Spacecom however is reported not to be content with the offer.

ViaSat Inc. announced financial results for the third quarter ending 28 December 2007.

Integral Systems, Inc. reported financial results for the first quarter of fiscal 2008.