UK taxpayer faces £200m loss from bailout of OnewebSatellite bailout leaves Britain nursing losses as shares plunge to record low

A CGI image of a OneWeb satellite. (Credit: OneWeb) By Guy Taylor, Published by City AM, 27 December 2024 The UK taxpayer faces a £200m paper loss from the government’s decision to bailout satellite-internet company Oneweb. Imperilled Oneweb was saved by the government in 2020 after filing for bankruptcy. In

Read More

Space Force awards Northrop Grumman $1.8 billion contract extension for missile warning satellites

Illustration of the Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) polar satellite. Credit: Northrop Grumman By Sandra Erwin, Published by Space News, 23 October 2024 The company is building two satellites for the Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) program WASHINGTON — The U.S. Space Force awarded Northrop Grumman a $1.8

Read More

Lockheed Martin secures $977.5 million contract extension for missile-warning satellites

Next Generation Overhead Persistent Infrared missile warning/tracking constellation (Raytheon Intelligence & Space illustration) By Sandra Erwin, Published by Space News, 21 June 2024 The latest award brings the total value of Lockheed Martin’s contract for the Next-Generation Overhead Persistent Infrared satellite program to $8.2 billion WASHINGTON — The Pentagon announced

Read More

Global Space Defense and Security investment set to continue major growth trend over coming decade

A digital illustration of a network of satellites around the Earth. Visual: Andriy Onufriyenko/Moment via Getty Images From Novaspace, 8 April 2024 Launch rates for defense and dual-use satellites are expected to see a significant surge over the next 10 years as countries ramp up spending in response to geopolitical

Read More