ORBCOMM Announces Completion of Acquisition by GI Partners…Now A Private Company

IoT company ORBCOMM Inc. has announced the completion of its acquisition by investment management firm GI Partners for $1.1 billion, including net debt. The provisions of the deal,...


Space Force Cancels $6.27 Billion GPS Ground System After Years of...

Broken program cancelled after years of cost overruns, testing problems... The U.S. Space Force has terminated its Next-Generation Operational Control System (OCX) program after costs...

Amazon to Acquire Globalstar, Bolstering Emergency Location and Positioning Capabilities in...

Amazon’s AMZN 0.00%↑ recent purchase of satellite operator Globalstar GSAT 0.00%↑, in a deal valued at $11.6 billion, allowed the company to gain advanced...

INDOOR POSITIONING

TomTom Launches Unified Speed Restrictions for More Precise Data Across Intelligent...

TomTom on Wednesday introduced Unified Speed Restrictions, a new feature that combines the company’s static, temporary and live speed limit data into a single, high-precision layer...


ASSET TRACKING

BUSINESS TRANSACTIONS

Weekly Product News

Send your news releases to kdennehy@driverlessreport.com. Go to www.locationbusinessnews.com for more news and an archive of stories. HERE Technologies Releases 2025 Sustainability Report. HERE Technologies has...

TomTom Profit More Than Doubles in Q1 as Cost Cuts Offset Revenue Decline

Dutch mapping company TomTom reported a sharp increase in first-quarter operating profit, driven by cost reductions and efficiency gains following a recent restructuring, even...

Space Force Cancels $6.27 Billion GPS Ground System After Years of Cost Overruns and...

Broken program cancelled after years of cost overruns, testing problems... The U.S. Space Force has terminated its Next-Generation Operational Control System (OCX) program after costs...

Space Force Outlines Future GPS Strategy to Counter Jamming and Strengthen Navigation Resilience

COLORADO SPRINGS, Colo. — The U.S. Space Force unveiled a long-term vision for its future force structure that places renewed emphasis on strengthening GPS...

Amazon to Acquire Globalstar, Bolstering Emergency Location and Positioning Capabilities in Its LEO Satellite...

Amazon’s AMZN 0.00%↑ recent purchase of satellite operator Globalstar GSAT 0.00%↑, in a deal valued at $11.6 billion, allowed the company to gain advanced...

NEW DEALS

Space Force Cancels $6.27 Billion GPS Ground System After Years of...

Broken program cancelled after years of cost overruns, testing problems... The U.S. Space Force has terminated its Next-Generation Operational Control System (OCX) program after costs...

TECHNOLOGY

LBS

BUSINESS