Displaying items by tag: Lockheed Martin

Australia’s only would-be commercial satellite operator has hit the wall and been placed into administration after it was revealed that French Government-owned creditor COFACE has withdrawn a major portion of the funding for the US$650 million project to put the Jabiru-1 satellite into space.

Published in Listed Tech
Thursday, 09 April 2015 06:17

NewSat out of time and out of money

Troubled satellite company NewSat has released a long statement to the ASX that essentially says it is trying to raise more money and everything is on hold for now.

Published in C Level
Wednesday, 28 January 2015 07:05

NewSat defaults – share price even lower

Australian satellite company NewSat has issued an update to the ASX on its Jabiru-1 project financing and construction arrangements. The news is not good.

Published in Listed Tech

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