Satellite operators are challenging the perception that Starlink dominates the satellite communications industry, emphasizing their own market growth. SES CEO Adel Al-Saleh pointed out that Starlink’s wins are amplified, while other companies also secure major contracts. Intelsat CEO David Wajsgras highlighted upcoming in-flight connectivity deals and expansion into agriculture and border security markets. Meanwhile, Telesat CEO Dan Goldberg expressed confidence in the Lightspeed constellation, citing strong demand for high-quality broadband services. The industry’s leaders stress that competition remains strong, despite Starlink’s visibility in the market.
Related Posts
Leonardo Targets €30 Billion Revenue by 2029 Amid Defense Spending Boom
- Veiko Lukmann
- 13/03/2025
- 0
Leonardo aims to reach €30 billion ($32.5 billion) in revenue by 2029, driven by rising European defense budgets and industry expansion. The forecast was announced during the company’s FY2024 results and 2025–29 industrial update on March 11. In 2024, Leonardo reported €17.8 billion ($19.8 billion) in revenue, marking a significant increase toward its long-term target. The company plans to focus on strengthening its core business sectors, particularly in defense, security, and advanced aircraft and helicopter platforms. Leonardo’s growth strategy aligns with increasing European investments in military capabilities and defense modernization. Original news
European Defense Start-Ups See 24% Surge in Investment Amid Rising Security Concerns
- Veiko Lukmann
- 12/02/2025
- 0
Investment in European defense and security start-ups jumped 24% in 2024 to $5.2 billion, outpacing AI venture capital growth on the continent over the past two years. A report by the NATO Innovation Fund and Dealroom highlighted growing investor confidence in companies like defense AI firm Helsing and drone maker Tekever, despite a broader downturn in European VC funding. Germany overtook the UK as the leading destination for defense tech investment, with Munich attracting nearly $1 billion in funding last year. The NATO fund, launched in 2022 with €1 billion, aims to bridge Europe’s funding gap in defense innovation, as […]
European Defence Agency Expands Role with Boosted Budget and Strategic Mandate
- Veiko Lukmann
- 10/04/2025
- 0
European Defence Agency (EDA) is entering its third decade with an expanded mandate and increased funding following a major Long-Term Review endorsed by EU defense ministers. Now overseeing around 200 projects worth €681 million, the EDA plays a key role in joint procurement efforts, including artillery supplies for Ukraine. Recent milestones include four major letters of intent, notably on building a continental air and missile defense system. EDA chief Jiří Šedivý highlighted joint purchasing as a path to savings and strategic autonomy. However, EU defense research investment still trails far behind U.S. and Chinese levels. Original news