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EchoStar Announces Financial Results for the Three Months Ended March 31, 2024

Retrieved on:

Wednesday, May 8, 2024

OBIDA, SATS, ARPU, Pay television, DISH TV, Dish Network, EchoStar, Wireless

ENGLEWOOD, Colo., May 8, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three months ended March 31, 2024.

Key Points:

ENGLEWOOD, Colo., May 8, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three months ended March 31, 2024.
Three Months Ended March 31, 2024:
EchoStar reported total revenue of $4.01 billion for the first quarter 2024, compared to $4.39 billion in the year ago quarter.
Net loss attributable to EchoStar in the first quarter 2024 was $107.38 million, compared to net income of $253.53 million in the year ago quarter.
Set forth below is a table highlighting certain of EchoStar's segment results for the three months ended March 31, 2024 and 2023 (all U.S. GAAP amounts reference results from operations):

EchoStar Corporation Announces Conference Call for First Quarter 2024 Financial Results

Retrieved on:

Thursday, May 2, 2024

SATS, EchoStar, Conference, Internet service provider

ENGLEWOOD, Colo., May 2, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its first quarter 2024 financial results on Wednesday, May 8, 2024, at noon Eastern Time (ET).

Key Points:

ENGLEWOOD, Colo., May 2, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its first quarter 2024 financial results on Wednesday, May 8, 2024, at noon Eastern Time (ET).
The conference call will be broadcast live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations .
When prompted on dial-in, please utilize the conference ID or ask for the "EchoStar Corporation Q1 2024 Earnings Conference Call."
EchoStar will distribute its financial results prior to the call, which will also be posted to the Investor Relations website at https://ir.echostar.com/ .

Hughes Opens State-of-the-art Manufacturing Facility and Private 5G Incubation Center in Maryland

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Friday, April 26, 2024

Science, LEO, Mentorship, SATS, Montgomery College, Hughes Network Systems, Student, Robotics, EchoStar, EXM, Enterprise, Communications satellite

GERMANTOWN, Md., April 26, 2024 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced the opening of a new cutting-edge manufacturing facility and private 5G incubation center in Germantown, Maryland, underscoring the long-standing commitment of Hughes to technological advancement and fostering local talent in the region.

Key Points:

GERMANTOWN, Md., April 26, 2024 /PRNewswire/ -- Hughes Network Systems , LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced the opening of a new cutting-edge manufacturing facility and private 5G incubation center in Germantown, Maryland, underscoring the long-standing commitment of Hughes to technological advancement and fostering local talent in the region.
The Hughes Manufacturing Facility (EXM) produces U.S.-made hardware that powers the networks on which people, enterprises, and governments everywhere depend, like the Hughes HT3000W JUPITER™ System satellite modem and the Hughes HL1120W Low Earth Orbit (LEO) satellite terminal.
In addition to about 400 engineers, technicians and manufacturing staff, the Hughes EXM facility utilizes advanced robotics to assist in the manufacture of high-tech products such as satellite modems and terminals.
"The EXM facility allows us to continue a proud tradition of designing and manufacturing leading edge products here in Maryland."

Boost Mobile and Deion "Coach Prime" Sanders Team Up on New Partnership Featuring a Limited-Edition Boost-Exclusive Coach Prime Device

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Wednesday, April 10, 2024

To kick off the partnership, Boost Mobile and Coach Prime are releasing an exclusive Coach Prime-branded motorola razr.

Key Points:

To kick off the partnership, Boost Mobile and Coach Prime are releasing an exclusive Coach Prime-branded motorola razr.
Boost Mobile customers will also enjoy weekly motivational messages from Coach Prime and a selection of exclusive digital backgrounds.
plan2 can get the all-new Coach Prime device on us.3
"I grew up watching Deion in Atlanta and am beyond thrilled to have Coach Prime on our team," said Sean Lee, SVP of Consumer Product and Marketing, Boost Mobile.
Get ready for more exciting things to come from Boost Mobile and Coach Prime powered by our own 5G network."

Hughes Awarded Production Contract by GA-ASI to Connect Gray Eagle UAS with Next Gen Satellite Communications

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Monday, April 8, 2024

Aircraft, SATS, SATCOM, MQ-1C, General Atomics Aeronautical Systems, SWAP, ISR, UAS, Army National Guard, Hughes Network Systems, EchoStar, Defense, Government, RSTA, Communications satellite

GERMANTOWN, Md., April 8, 2024 /PRNewswire/ -- Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, today announced its it has been awarded a production contract from General Atomics Aeronautical Systems, Inc. (GA-ASI) to produce a key component of the next-generation satellite communications (SATCOM) system for the MQ-1C Gray Eagle 25M Unmanned Aircraft System (UAS). Under the contract, Hughes will provide advanced, ruggedized HM400 modems, named the HM400T, that integrate with the DoD's standard waveform technology and transmission security (TRANSEC) features to enable significantly increased endurance and resilience for Gray Eagle 25M's wide range of Airborne Intelligence, Surveillance and Reconnaisance (AISR) mission requirements, particularly for operations in contested environments.

Key Points:

"This production contract reinforces the commitment of Hughes to serving GA-ASI and, by extension, the U.S. Army and this program of record, ensuring enhanced communications and ISR capabilities for today's multi-domain operations."
This advanced, customized software-defined commercial technology is based on the HM400 modem that is operating on the GA-ASI MQ-9B UAS.
After completing the development phase, GA-ASI awarded Hughes the initial production units; Hughes will start delivering these communications systems in the Spring.
To learn more about how Hughes delivers secure communications, anytime, anywhere, please visit the Hughes website .

Buxton Helmsley Issues Letter to U.S. Senators Warren and Whitehouse Related to Apparent EchoStar Accounting and Securities Fraud, Including Failure to Correct $15B Equity Value Overstatement

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Monday, March 11, 2024

Finance, Consulting, Banking, Professional Services, Asset Management, Letter, Mallinckrodt, EchoStar, BHG, Form 10-K, Dish Network, Sheldon Whitehouse

Senators Elizabeth Warren and Sheldon Whitehouse (members of the U.S. Senate Committee on Finance), after EchoStar’s filing of a Form 10-K with the U.S. Securities and Exchange Commission (“SEC”) on February 29, 2024 (the “February 29 Form 10-K”), which failed to disclose $15B in implicitly admitted equity value overstatement, among other issues.

Key Points:

Senators Elizabeth Warren and Sheldon Whitehouse (members of the U.S. Senate Committee on Finance), after EchoStar’s filing of a Form 10-K with the U.S. Securities and Exchange Commission (“SEC”) on February 29, 2024 (the “February 29 Form 10-K”), which failed to disclose $15B in implicitly admitted equity value overstatement, among other issues.
Simultaneous to the Letter issued to U.S.
Senators Warren and Whitehouse, BHG also mentions its whistleblowing involvement at Mallinckrodt plc.
Senators Warren and Whitehouse of the Senate Committee on Finance may be found at: https://www.buxtonhelmsley.com/sats/
The additional letter simultaneously issued to the EchoStar Board today, along with all previous public and private letters, may be found at: https://www.buxtonhelmsley.com/sats/

Hughes Enables Worldwide LEO Connectivity with Eutelsat OneWeb Approval of New ESA

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Tuesday, April 2, 2024

LEO, SATS, Government, ESA, Hughes Network Systems, Gigabit Ethernet, OneWeb, EchoStar, Eutelsat, Engineering, Communications satellite

GERMANTOWN, Md., April 2, 2024 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced the commercial availability of the Hughes HL1120W Terminal. This electronically steerable antenna-based (ESA) terminal has received Eutelsat OneWeb approval for operation in its low Earth orbit (LEO) satellite network and this milestone enables Hughes to bring Eutelsat OneWeb's enterprise-grade, low-latency, high-speed connectivity to customers across the globe. As an early pioneer in LEO technologies, Hughes developed the gateway and core modem module for all OneWeb terminals and is continuing its engineering leadership with this groundbreaking, flat panel ESA.

Key Points:

This electronically steerable antenna-based (ESA) terminal has received Eutelsat OneWeb approval for operation in its low Earth orbit (LEO) satellite network and this milestone enables Hughes to bring Eutelsat OneWeb's enterprise-grade, low-latency, high-speed connectivity to customers across the globe.
As an early pioneer in LEO technologies, Hughes developed the gateway and core modem module for all OneWeb terminals and is continuing its engineering leadership with this groundbreaking, flat panel ESA.
"Using our decades of experience with low Earth orbit systems and our detailed understanding of the Eutelsat OneWeb system, we are delivering a high-performance connectivity solution that brings reliable, enterprise-grade LEO connectivity to remote locations," said Dan Rasmussen, senior vice president and general manager, North America Enterprise Division, Hughes.
For more information about the Hughes ESA and Managed LEO Service, please visit the website .

Gogo Testing for Global Broadband Antenna Achieves Major Milestone

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Thursday, March 28, 2024

LEO, Certification, SATS, Go go, HDX, Aviation, Gogo Business Aviation, Hughes Network Systems, EchoStar, Eutelsat, Engineering, Communications satellite

BROOMFIELD, Colo., March 28, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced it has achieved another important milestone with its Gogo Galileo global broadband service completing end-to-end connectivity using the HDX antenna on the fully deployed Eutelsat OneWeb Low Earth Orbit (LEO) satellite network.

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BROOMFIELD, Colo., March 28, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced it has achieved another important milestone with its Gogo Galileo global broadband service completing end-to-end connectivity using the HDX antenna on the fully deployed Eutelsat OneWeb Low Earth Orbit (LEO) satellite network.
Gogo Galileo remains on track for commercial launch later this year.
"Gogo Galileo HDX stands to revolutionize business aviation inflight connectivity by delivering a solution fit for aircraft of all sizes, especially small jets, which have limited options today, and no broadband options outside North America" said Sergio Aguirre, president and COO for Gogo.
Flight testing with the HDX terminal will begin this summer with certification and commercial launch expected later this year.

DoD Extends Contract for ORAN-based Private 5G Networks through 2025

Retrieved on:

Monday, March 18, 2024

ENGLEWOOD, Colo., March 18, 2024 /PRNewswire/ -- Today, EchoStar (Nasdaq: SATS) announced the contract period of performance extension by the Department of Defense (DoD) Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)) FutureG Office, for the continued deployment of standalone 5G networks at Joint Base Pearl Harbor-Hickam (JBPHH) in Hawaii and at the Naval Air Station Whidbey Island (NASWI) in Washington State. The contract extension builds on the award for NASWI in 2021 and additional expansion in Hawaii in 2022, extending both through 2025 with additional 5G enhancements. EchoStar is a premier supporter of the use of Open Radio Access Network (ORAN) in DoD networks and recently won a $50M NTIA grant to build an ORAN test center.

Key Points:

The contract extension builds on the award for NASWI in 2021 and additional expansion in Hawaii in 2022, extending both through 2025 with additional 5G enhancements.
EchoStar is a premier supporter of the use of Open Radio Access Network (ORAN) in DoD networks and recently won a $50M NTIA grant to build an ORAN test center.
We are proud to join our industry partners in architecting, deploying, and operating the prototype networks that will set the foundation for 5G standalone ORAN and resilient networks for the DoD going forward."
The initial NASWI deployment was completed with a ribbon-cutting ceremony on March 30, 2023 to commemorate the launch of the standalone 5G network.

Nilesat Selects Hughes JUPITER System to Deliver Satellite Broadband Connectivity in Egypt

Retrieved on:

Friday, March 15, 2024

SATS, Internet, Hughes Network Systems, EchoStar, Communications satellite

GERMANTOWN, Md., March 15, 2024 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced that Nilesat, a leading satellite operator in the MENA region has purchased a Hughes JUPITER™ System Gateway and will use Hughes JUPITER terminals for its Nilesat 301 satellite. The implementation will begin in Q2 and is expected to be complete by the end of Q3 2024.

Key Points:

GERMANTOWN, Md., March 15, 2024 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced that Nilesat , a leading satellite operator in the MENA region has purchased a Hughes JUPITER™ System Gateway and will use Hughes JUPITER terminals for its Nilesat 301 satellite.
"The Nilesat vision is to be the role model for satellite services in the MENA region," said Major General Sameh Katta, Chairman and CEO Nilesat.
"Our JUPITER System is the de facto standard for satellite connectivity, and it will serve Nilesat very well."
As the leading ground platform across the industry, the Hughes JUPITER System meets operator requirements with bandwidth and cost efficiencies, especially when compared with other satellite ground systems.