Satellite News

Spacehab, Incorporated announced financial results for its fourth quarter and fiscal year 2006, which ended 30 June 2006.

EADS and ISRO have reviewed the progress of the contracts they had signed to provide communication satellites for the international market.

China will strengthen co-operation with the international community in the space industry, said Jin Zhuanglong, deputy director of the Commission of Science, Technology and Industry for National Defence.

Talks between BCE and potentials buyers of the company’s Telesat subsidiary have broken down, the Globe and Mail reports. BCE is now pressing ahead with an initial public offering, according to the report.

Satellite radio service provider Worldspace has received a deficiency letter from Nasdaq indicating that the company is not in compliance with the minimum US$50 million market value for continued listing on the stock exchange.

NASA has selected Lockheed Martin Corp. as the prime contractor to design, develop, and build Orion, formerly known as Crew Exploration Vehicle.

Telenor Satellite Services has purchased the satellite communications activities of Norse Technology AS and additionally has acquired the majority of stock in Norwegian-based Norse Electronics AS.

Boeing has decided to exit the high-speed broadband communications connectivity markets and close down its Connexion by Boeing service, which aimed at providing satellite-based Internet access for airplanes and ships.