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Airbus supplies EU with satellite communications by Staff Writers Paris, France (SPX) May 13, 2020
Airbus has won the new satellite communications framework contract for military and civil missions of the European Union and its member states. This four-year framework contract was awarded by the European Defence Agency (EDA) and is estimated to be worth tens of millions of euros. "With this satellite communications programme, Airbus contributes to the construction of joint capabilities for European defence and to its missions to preserve civil and military peacekeeping", said Dirk Hoke, Chief Executive Officer of Airbus Defence and Space. The contract named 'EU SatCom Market' will allow EU member states to centralise their satellite communications requirements and obtain coordinated, more economical and effective access to these services. Some 32 contributing members, including 20 European defence ministries, can now swiftly and efficiently get access to satellite solutions and services through EDA, which has been supplying the members of the 'EU SatCom Market' project with satellite communications capabilities since 2012. These satellite communications solutions can be deployed worldwide. They play an essential role in European civil and military peacekeeping and security missions, as well as in technical and economic development and cooperation missions. This is already the case in several EU civilian and military missions and operations where EU SatCom Market services have been successfully implemented for several years. The armed forces of EU member states also use these solutions. The 'EU SatCom Market' contract covers the provision of satellite communications (in C, Ku, Ka and L frequency bands), the sale and rental of terminals, as well as the provision of 'turnkey solutions', particularly in theatres of operations outside the EU. For this contract, Airbus has teamed up with Marlink, which will supply some of these terminals and specific L- and Ku-band services. A forerunner in telecommunications solutions for military and governmental users, Airbus has unique experience in supplying satellite communications on a global scale and in all commercial and military frequency bands (L, C, Ku, Ka, X and UHF). These services can also benefit European operators of essential services.
Infostellar has raised a total of $3.5M in convertible bonds Tokyo, Japan (SPX) Apr 30, 2020 Infostellar, a highly innovative ground-segment-as-a-service (GSaaS) provider, has raised a total of USD 3.5 million in convertible bonds with existing investors Airbus Ventures and Sony Innovation Fund, while welcoming new investors Daiwa Energy Infrastructure, Mitsubishi UFJ Capital, and Mitsubishi UFJ Lease and Finance. As a result, the cumulative amount of funds raised now reaches USD 11.5 million. Infostellar is continuing to raise additional funds, and this round is scheduled to be closed by ... read more
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