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Archive for the 'BUSINESS' Category

COM DEV has cost overrun problem

April 19th, 2007 by

COM DEV International Ltd. announced that the company has encountered an unanticipated problem on a programme that will require additional work (and money) before a multiplexer order can be shipped to the customer.

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Intelsat for sale — reports

April 18th, 2007 by

Intelsat Ltd is up for sale, the New York Times and the Wall Street Journal reported, citing unnamed sources close to the company.

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Another small profit, a new Chairman and an old CEO for Arianespace

April 18th, 2007 by

The annual general meeting of Arianespace shareholders has approved the company’s financial statements for 2006 and named a new Board of Directors which named Jean-Yves Le Gall, Chairman & Chief Executive Officer of Arianespace.

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Update: LiftPort may be in trouble

April 18th, 2007 by

The future of LiftPort, Inc., which has been working on a space elevator, is still unclear after an emergency conference call.

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LiftPort may be in trouble

April 17th, 2007 by

LiftPort founder and president, Michael Laine, has reportedly hinted his company — which is trying to develop a space elevator but also testing high-altitude platforms and robotic lifters — is in financial trouble and has lost its office building.

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Alcatel-Lucent transfers satellite shareholdings to Thales

April 11th, 2007 by

Following the the European Commission’s unconditional clearance decision, Alcatel-Lucent announced the transfer of its shareholdings in two space joint venture companies, Alcatel Alenia Space (67 percent) and Telespazio (33 percent), to Thales.

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No Galileo agreement in sight, report

April 10th, 2007 by

On a recent meeting in Paris, the eight companies that form the Galileo consortium were unable to take any important decision as the infighting between them continued, the Sunday Business reports.

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Orbcomm adds 25,000 billable subscriber communicators

April 10th, 2007 by

Orbcomm Inc. said it had net additions of more than 25,000 billable subscriber communicators on its data communications system for the first quarter of 2007.

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