Satellite News

Intelsat announced the successful closing of the acquisition of all of the primary equity ownership of its parent, Intelsat Holdings, Ltd. by Serafina Holdings, Limited, an entity formed by funds advised by BC Partners, Silver Lake and certain other equity investors.

NASA announced a US$17.6 billion budget for fiscal year 2009 to continue exploring the solar system, building the International Space Station, studying Earth from space and conducting aeronautics research. With the increase, NASA still accounts for less than 1 percent of the U.S. federal budget.

CommScope, Inc. subsidiary Andrew Corporation has completed the sale of its satellite communications business to Resilience Capital Partners, a Cleveland, Ohio-based private equity firm.

RRsat Global Communications Network Ltd. announced its financial results for the three and twelve months ending 31 December 2007.

Alliant Techsystems reported financial results for the the third quarter of fiscal year 2008 (FY08), which ended on 30 December 2007.

SES and Swedish Space Corporation (SSC) announced that SSC, under an existing agreement, has exercised a “put option” transferring to SES Astra an additional 15 percent equity stake in SES Sirius.

OHB Technology AG has acquired 50 percent of the interest in RST Raumfahrt Systemtechnik GmbH, Salem, from the company’s founder and owner, Prof. Dr. Hans Martin Braun. Financial details were not disclosed.

The Boeing Company reported financial results for the year and the fourth quarter of 2007.