CEO Yona Ovadia said Gilat had $104 million on hand as of Dec. 31 and will have sufficient resources for significant financial plays even after subtracting the dividend.
Shanghai Academy of Spaceflight Technology, or SAST, is one of two main launch vehicle manufacturers under the China Aerospace Science and Technology Corporation, the main contractor for the Chinese space program, which last year generated revenues of $37.3 billion.
Thanks to their decadeslong investments into STEM-education, China has now become a space power. Recently, China landed an unmanned rover on the previously-unexplored side of the moon. This event was the product of a longer-term Chinese plan for space dominance.
The main contractor for the Chinese space program is planning more than 30 launches in 2019, with major missions including the crucial return-to-flight of the heavy-lift Long March 5 rocket in July.
Chinese private companies OneSpace and iSpace are making progress with plans to attempt their first orbital launches in the first half of 2019.
DIA report: U.S communications, reconnaissance, navigation and early warning satellites could be among the targets of China's counterspace weapons.
The Pentagon has to figure out how it will respond to China’s rapid advances in space technology, warned Chris Shank, director of the Pentagon’s Strategic Capabilities Office.
The Chang’e-4 lander and rover have powered down for a first lunar nighttime on the far side of the moon following a successful landing and first set of surface activities.
China’s Chang’e-4 lander and Yutu-2 rover have tested out payloads and systems on the far side of the moon, with the rover now taking a ‘noon nap’ as a precaution against high temperatures.
China’s Chang’e-4 spacecraft made the historic first ever soft-landing on the far side of the moon Wednesday in a mission aims to reveal clues to the history of the solar system and paving the way for future exploration.
With its Chang’e-4 spacecraft now orbiting the moon in preparation for the first-ever landing on the far side of Earth’s nearest neighbor, China is poised to reap the prestige and scientific payoffs that are part and parcel of achieving a space first.
China’s Chang’e-4 lander and rover spacecraft successfully entered lunar orbit Wednesday following a four-and-half-day flight to the moon.
China launched its Chang’e-4 moon mission Dec. 7, successfully sending the lander and rover into a lunar transfer orbit ahead of an unprecedented attempt at a landing on the far side of the moon early in the New Year.