Satellite News

Russia has restructured its space sector by incorporating four formerly independent companies into Khrunichev State Research and Production Space Center.

Orbcomm Inc., a global satellite data communications company focused on providing Machine to Machine (M2M) solutions, announced the launch of its initial public offering of 11,153,800 shares of common stock at an estimated offering price range of US$12 to US$14 per share.

Lockheed Martin Corporation has completed the sale of its interests in Lockheed Khrunichev Energia International, Inc. (LKEI) and ILS International Launch Services, Inc. (ILS) to Space Transport Inc.

The sale of 100 percent of the shares in Nera SatCom AS to Thrane & Thrane A/S has been completed, the companies announced.

SkyTerra Communications, Inc. announced that it has executed a definitive agreement with BCE, Inc. to acquire BCE’s stake in Mobile Satellite Ventures LP (MSV).

GenCorp Inc. reported results for the third quarter ending 31 August 2006.

Global Scan Technologies (GST), a company providing Remote Sensing and GIS technologies in the Middle East, announced that it has signed a contract with Antrix Corporation Limited, the marketing arm of the Indian Space Research Organisation (ISRO).

Sirius Satellite Radio for the fourth consecutive quarter added more subscribers than rival XM Satellite Radio, which however still has more subscribers in total.