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Business/Financial

Viasat to Acquire Inmarsat in $7.3B Satellite Industry Consolidation Deal

By Rachel Jewett

Monday, November 8th, 2021

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Viasat to Acquire Inmarsat in $7.3B Satellite Industry Consolidation Deal

Viasat [VSAT] will acquire Inmarsat in a $7.3 billion deal that brings together two major satellite operators with businesses in broadband, mobility, and defense. Viasat announced the deal Monday which entails $850 million in cash, 46.36 million Viasat shares valued at $3.1 billion, assuming $3.4 billion of net debt. The combined company will have a spectrum license portfolio across the Ka-, L-, and S-bands and a fleet of 19 satellites in service, with an additional 10 satellites to come in the next…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]