Satellite operator SES has announced that Steve Collar, Chief Executive Officer (CEO), will be stepping down at the end of June 2023 to pursue other professional and personal endeavours. The search for a successor is underway and Ruy Pinto, currently Chief Technology Officer of SES, will assume the role of CEO until a permanent successor […]
The normal transition for any departing CEO at a major quoted company is well established. Weeks – and sometimes months – of advanced notice are given to shareholders and the market of an impending change in leadership. That has not happened in the case of Steve Collar, the suddenly outgoing CEO at SES. Collar will […]
Raytheon Technologies-owned Collins Aerospace business will bring unlimited data to the customers of Vista, the private aviation group. Using Collins’ LuxStream, which runs exclusively on the SES’s high-throughput satellite (HTS) network, Vista customers can now access unlimited Internet for the duration of their flights. Since 2019, Vista has installed LuxStream on more than 75 aircraft […]
SES has reported a “solid” set of numbers with revenue of €490 million (+9.6 per cent YOY) including contribution from DRS Global Enterprise Solutions and a stronger US dollar. SES says it signed €90 million in new business for its Mobility division, and €110 million in either renewals or new business in Video. But Video […]
Luxembourg, already a major investor in SES, has announced it will leverage capacity on the SES O3b mPOWER fleet for government usage extending to Europe and NATO demand for defence and disaster recovery. The agreement also says it will support further “strategic partnerships” between Luxembourg and the US. Luxembourg’s Deputy Prime Minister, Minister of Defence, […]
SES CEO Steve Collar, speaking following the successful launch on December 16th of two O3b/mPOWER satellites, says that its all-important backlog of orders for capacity on the mPOWER fleet has grown to €980 million, up from the €950 million confirmed earlier this year. The backlog covers the mPOWER fleet and usage on board its geostationary […]
United Launch Alliance (ULA) successfully launched two SES satellites into their geosynchronous transfer orbits on October 4th from their Cape Canaveral launch site. ULA used a massive Atlas-V Centaur rocket to carry its two craft. SES-20 and SES-21 are both Boeing-built all-electric craft and will be used to supply C-band television transmissions to cable and […]
The important addition to the SES fleet of satellites by its new mPOWER medium Earth orbiting craft has again been delayed. The news, perhaps linked with the reports that SES was in discussions with arch-rival Intelsat over a possible link-up, didn’t help the SES share price, which crashed 9.2 per cent in early trading on […]
The Asia Video Industry Association was finally able to host its annual Satellite Industry Forum in-person in Singapore on May 31st 2022 after a two-year hiatus, bringing together over 120 delegates from around the world and some of the satellite industry’s most foremost leaders.Opening the Forum this year was keynote speaker, Steve Collar, Chief Executive […]
May 25th saw SES’s share price rise another 1.69 per cent. This translates at just a €0.15 rise which is hardly spectacular, but added on to the 28 per cent rise over the past six months and that momentum translates into almost a full €2 rise. Indeed, a 12-month examination puts the SES stock on […]