Satellite News

EchoStar Corporation announced that it executed an agreement with DISH Network Corporation to exchange its EchoStar Technologies businesses for the Hughes Retail Group (HRG) tracking stock.

Harris Corporation announced a definitive agreement under which an affiliate of Veritas Capital, a private equity investment firm, will acquire Harris’ government IT services business for US$690 million in cash.

Airbus Defence and Space has entered into an agreement to sell its 49% share in Atlas Elektronik Group to thyssenkrupp AG based in Essen, Germany.

Harris Corporation has completed the previously announced sale of its CapRock Communications commercial business to SpeedCast International Limited for US$425 million in cash.

Russia’s S7 group of companies has signed final documents to become owner of the Sea Launch space platform, the Izvestia newspaper reported citing the launch site’s previous owner.

Academician M.F. Reshetnev Information Satellite Systems – ISS-Reshetnev Company said it had obtained a bank guarantee enabling it to continue working with a view of developing the GLONASS satellite navigation system.

OneWeb Ltd., which is building a constellation of satellites to enable global broadband access, and SoftBank Group Corp. announced that OneWeb has secured US$1.2 billion in funded capital from SoftBank and existing investors, of which US$1 billion will come from SoftBank.

Airbus Safran Launchers and the CNES French space agency announced that Airbus Safran Launchers is acquiring the stake in Arianespace held by CNES.