Satellite News

Gilat Satellite Networks Ltd. reported its results for the quarter ending 30 September 2006.

Gilat Satcom Ltd., a telecommunications operator focused on the developing world, warned that full year results will not match market expectations following a third quarter loss.

Orbcomm Inc. announced the pricing of its initial public offering of 9,230,800 shares of common stock.

Globalstar, Inc. announced that it has priced its initial public offering of 7,500,000 shares (increased from 6,500,000) of common stock at US$17.00 per share.

Telesat Canada announced its unaudited financial results for the third quarter ending 30 September 2006.

MacDonald, Dettwiler and Associates Ltd. reported financial results for its third quarter ending 30 September 2006.

SES Global and Eutelsat Communications announced a joint investment in the first European satellite infrastructure for broadcasting video, radio and data to mobile devices and vehicle receivers. The 50/50 joint venture company will operate and commercialise the S-band payload on Eutelsat’s W2A.

COM DEV International Ltd. has received a contract from the European Space Agency (ESA) for the design and production of scientific instruments for its three-satellite Swarm mission. The company was also awarded an Authorization to Proceed (ATP) by EADS Astrium to build UHF active and passive microwave equipment for use in the German military communications satellite programme SatcomBW Step 2.