Satellite News

Spacehab, Incorporated announced that it has received notification from NASDAQ that the company has been granted an additional 180-day period, or until 1 October 2007, to regain compliance with NASDAQ’s US$1.00 per share minimum bid price requirement.

Following the recent closing of a transaction between GE and SES, Satlynx is now a subsidiary of GE.

Alliant Techsystems (ATK) announced that it intends to acquire Swales Aerospace, a provider of satellite components and subsystems, small spacecraft and engineering services for NASA, U.S. Department of Defense and commercial satellite customers.

SpaceDev, Inc. reported its financial results for the year ending 31 December 2006.

Shareholders of News Corp. have approved a deal to swap the company’s stake in DirecTV Group Inc. with Liberty Media Corp. in exchange for US$550 million in cash and Liberty’s roughly US$11 billion stake in News Corp.

SES has closed the split-off transaction with GE signed on 13 February 2007 following satisfaction of the closing conditions.

General Electric company (GE) has become a major shareholder in AsiaSat holding approximately 34.1 percent of the issued share capital of the company subsequent to the completion of the Exchange Transaction and transfer of shares between GE and SES on 29 March 2007.

Intelsat, Ltd. reported results for the three month period and fiscal year ending 31 December 2006.