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Ingersoll Rand Acquires ILC to Expand Presence in Life Sciences

Ingersoll Rand

Ingersoll Rand Inc. has entered into an agreement to acquire ILC Dover (ILC) from New Mountain Capital, LLC, a growth-oriented investment firm with approximately $50 billion in assets under management. The deal includes an upfront cash purchase price of approximately $2.325 billion and an earnout tied to the achievement of select operating efficiency metrics in 2024. At its maximum payout, the earnout increases the 17x upfront purchase multiple by less than one turn.

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GITAI Completes Technology Demonstration Outside the ISS

GITAI USA Inc. (GITAI) has announced the successful completion of all planned tasks in an external demonstration focusing on in-space servicing, assembly, and manufacturing (ISAM). These tasks are crucial for on-orbit satellite servicing and were accomplished using a 1.5-meter-long autonomous dual robotic arm system (S2) outside the International Space Station (ISS). This milestone marks GITAI’s second successful demonstration, following an earlier demonstration inside the ISS in 2021.

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Firefly Aerospace to Demonstrate Launch and On-Orbit Services

Firefly Aerospace

Firefly Aerospace, Inc. has signed an agreement with the U.S. Department of Defense's (DoD) Defense Innovation Unit (DIU) to conduct a trade study on its capabilities to rapidly launch Firefly's Elytra vehicles and support missions beyond Geosynchronous Orbit, referred to as xGEO. Once complete, the trade study will provide the groundwork for up to two Firefly demonstration missions that will advance the DoD's responsive access to xGEO.

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#SpaceWatchGL Opinion: Cosmos at a Crossroads – Navigating Astronomy and Satellite Mega-Constellations

ESA illustration of space debris. Credit ESA

Outer space presents myriad concepts for jointly creating inspiration and opportunity as well as challenges. With over 8,000 satellites currently in Earth orbit, reliance on satellite services for communications, imaging, and navigation has become ubiquitous to enhancing the quality of life on Earth. In fact, satellite communication has been deemed a public good since the early 1960s, which has enabled public reliance on space-based telecommunications. Other key satellite applications include weather forecasting, climate monitoring, and navigation support for global transportation.

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Xiphos Selected by LEOcloud for its Space Edge IAAS Datacenters

LEOcloud and Xiphos Systems Inc. have announced entering into an agreement where LEOcloud will use Xiphos’ space-hardened compute and data storage technology for its Space Edge IaaS datacenter platforms. LEOcloud Space Edge IaaS is a multi-cloud managed service that enables end users to deploy applications to cloud regions in Space.

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Terran Orbital Corporation Unveils SmallSat GEO Solution

Terran Orbital office. Credit Terran Orbital

Terran Orbital Corporation has announced its entrance into the small satellite geosynchronous orbit (GEO) market with its SmallSat GEO solution for satellites above 500kg. The Corporation will consequently unveil the solution at the SATELLITE 2024 trade show, happening March 18-21 at the Walter E. Washington Convention Center in Washington, D.C. 

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