Satellite News

Northrop Grumman Corporation reported results for the first quarter 2007.

Globecomm Systems said it will acquire the GlobalSat division of satellite communications company Lyman Bros.

NASA has modified its contract with Lockheed Martin Corp. to design, test and build the Orion crew exploration vehicle.

Thuraya Satellite Telecommunications Co. has signed a service provider (SP) agreement with the China Satellite Communications Global Ltd., a subsidiary of China Satcom.

Televisa, Mexico’s largest media company, said it is interested in buying SatMex in a move to cut transmission costs.

Orbital Sciences Corporation announced its financial results for the first quarter of 2007.

A recently completed, comprehensive outside review, the first of ESA’s science programme in fifteen years, has made some surprising, insistent proposals on how to get the programme’s budget back on track, according to the France in Space newsletter.

Michael Laine, founder and president of space elevator company LiftPort, has announced the firm would for the time being focus on balloon-borne platforms in a desperate attempt to make some money until September.