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Xona Space Systems Closes $19 Million Round To Build GPS Alternative

New funding round accelerates development of a LEO alternative to GPS Accelerating the deployment of a low Earth orbit (LEO) alternative to GPS, Xona Space Systems this...

Trimble Reports First Quarter Results

In its first quarter reporting, Trimble TRMB 0.93%↑ said it had revenue of $953.3 million—which is up on a year-over-year basis.  However, the company said the numbers...

AGCO, Trimble Complete Ag Acquisition, Joint Venture

The largest location industry deal made last year has been completed.  As part of a joint venture, AGCO AGCO 0.00%↑ acquired 85 percent of Trimble’s TRMB 0.00%↑ precision agriculture assets for $2...

Weekly Product News

Overland AI Awarded $18.6 Million U.S. Army Robotic Combat Vehicles Contract Overland AI has received an $18.6 million contract from the U.S. Army and the Defense Innovation Unit (DIU) for...

Keysight Outbids Viavi for PNT Testing Company Spirent Communications

Keysight trumps Viavi's March offer for testing and measurement company Well, money talks.  Keysight Technologies KEYS 0.35%↑ has announced its intention to acquire United Kingdom-based test and measurement company Spirent...

Weekly Product News

Aerospacelab Will Build, Launch Xona Space Systems’ Navigation Satellite Aerospacelab will design, manufacture and launch Xona Space Systems’ upcoming navigation satellite.  Aerospacelab will also assist Xona Space...

Comtech Fires CEO Peterman

Citing conduct unrelated to the business, Comtech Telecommunications CMTL 8.83%↑ terminated Ken Peterman as president and CEO and have removed him from its board of directors. "The Board is committed to...

Trimble Reports 2023 Earnings, Gives 2024 Guidance

Trimble $TRMB reported nearly $3.8 billion in 2023 revenue—a 3 percent year-over-year increase—and expects to report income between $3.57 billion and $3.67 billion this year. In...

TomTom Reports 2023 Results, Records $2.7 Billion Auto Backlog

Due to flat automotive demand, TomTom  said it would see level sales this year as a backlog of auto orders expires.  The company, which reported...

Everfield’s Acquisition of Visioglobe Fits Company Strategy

Although announced in late October, Everfield’s purchase of French navigation provider Visioglobe fits well with the company’s acquisition strategy, which focuses on vertical market software solutions, a...

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