Tag: Financial
Telematics Company CalAmp Declares Bankruptcy, Goes Private
Telematics company CalAmp has filed Chapter 11 bankruptcy as part of a debt-cutting deal that places control of the company with lender Lynrock Lake Master Fund LP.
The...
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...
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