Tag: Defense Space
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Boeing Wins $2 Billion Space Force Contract for Next MUOS Military Communications Satellites
The U.S. Space Force has awarded Boeing a $2 billion contract to develop the next generation of Mobile User Objective System (MUOS) communications satellites as part of an effort to extend the operational life of the military’s narrowband satellite communications network. The contract supports Phase II of the MUOS Service Life Extension program and includes…
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OHB Launches €510 Million Share Offering to Fund Expansion and Strategic Investments
German aerospace and satellite manufacturer OHB has priced a previously announced share offering aimed at raising up to €510.7 million ($585.8 million) to support expansion plans across its space and technology businesses. The company said it will issue up to 1.7 million new shares at a subscription price of €300 per share as part of…
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MDA Space to Acquire Blue Canyon Technologies for $620 Million
MDA Space has signed a definitive agreement to acquire Blue Canyon Technologies (BCT) from RTX’s Raytheon business in an all-cash transaction valued at $620 million, or approximately C$874 million. The acquisition is expected to strengthen MDA Space’s position in the growing U.S. government and defense space market while expanding its spacecraft manufacturing capabilities and operational…
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Former NASA Chief Bridenstine Named CEO of Quantum Space
Former NASA administrator Jim Bridenstine will become chief executive of Quantum Space, a company focused on in-orbit maneuverability and satellite servicing technologies. Bridenstine, who led NASA from 2018 to 2021, said the new role aligns with his background in national security and defense. “That’s where my background is, and where my heart is,” he said,…
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Sierra Space Raises $550 Million Series C at $8 Billion Valuation
U.S. aerospace company Sierra Space said it has raised $550 million in a Series C funding round led by LuminArx Capital, valuing the company at $8 billion. The company said the new funding will help increase production capacity and support expansion beyond its current satellite and spacecraft mission programs. “Sierra Space has sharpened its focus…