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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

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

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Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

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Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]