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While a steep drop in space investments spurred by a grim economic outlook in the past year appeared to stabilize in the most recent quarter, startups, many of which went public through blank ...
UTC Aerospace Systems (UTAS) was one of the world’s largest suppliers of aerospace and defense products, headquartered in Charlotte, North Carolina, United States. The company was formed in August 2012 when parent United Technologies Corporation merged their existing subsidiary Hamilton Sundstrand with the newly-acquired Goodrich Corporation .
In April 2019, Amazon announced that they would fund and deploy a large broadband satellite internet constellation called Project Kuiper. [2] [3] It is expected to take up to a decade to fully deploy all 3,236 satellites planned for the full constellation in order to provide internet to "tens of millions of people who lack basic access to broadband internet". [2]
Defense contractor Northrop Grumman told its employees that about 1,000 jobs could be cut in Southern California after lost a big satellite contract.
Significant layoffs in the technology sector as a consequence of growth during the COVID-19 pandemic continued into 2024. In January, Unity Technologies laid off 1,800 employees—or a quarter of its workforce, [ 9 ] Amazon 's live streaming service Twitch laid off 500 employees—or 35% of its workforce, [ 10 ] and Google laid off hundreds of ...
Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September, outplacement firm Challenger, Gray and Christmas said. Layoffs would have been even lower last month ...
Northrop took a hit this year when the U.S. Space Force canceled a multibillion-dollar program to build a new military communications satellite because of rising costs and delays in its ...
In 2012 Space Systems/Loral was acquired by the Canadian aerospace company MacDonald Dettwiler (now MDA) for $875 million. MDA was renamed as Maxar Technologies in 2017. SSL's major competitors are Boeing Satellite Systems, Lockheed Martin, Thales Alenia Space, Airbus Defence and Space and JSC Information Satellite Systems. [1] [citation needed]