Satellite News

The Management Board of OHB Technology AG has presented audited consolidated financial statements for 2006.

WorldSpace Satellite Radio announced results for the fourth quarter of 2006 and year ending 31 December 2006.

A Spanish government official rejected claims that the country’s two firms participating in the Galileo project, Hispasat and Aena, were to blame for the latest delays in building the European navigation satellite system.

MacDonald, Dettwiler and Associates Ltd. has taken a controlling interest in Orbital Optics Limited (OOL), a commercial spin-off of the Rutherford Appleton Laboratory (RAL) based in Oxfordshire, England.

The loss of NSS-8 and its Zenit 3SL launch vehicle in an explosion on Sea Launch’s ocean-going launch platform is to cost insurers more than US$250 million, according to Best’s Review.

Stratos Global Corp. has entered into a definitive agreement to be acquired by CIP Canada Investment Inc. (”CIP Canada”), a wholly owned subsidiary of Communications Investment Partners Limited (”CIP”), a professional investment company with a focus on satellite services.

The European Commission said it was concerned over big delays and cost overruns facing Europe’s planned satellite-navigation system Galileo. The companies involved have practically stopped working on the project because of questions over the project’s profitability, the Financial Times reported.

Loral Space & Communications Inc. reported its financial results for the periods ending 31 December 2006.