Zaxa Radian Aerospace raises seed round to fund work on spaceplane
Panasonic acquisition. Credit: ITC GlobalPanasonic Corp., whose Panasonic Avionics subsidiary has cobbled together a global network of satellite bandwidth for an in-flight Internet service, has reached agreement to acquire ITC Global, which provides satellite connectivity to the energy, mining and maritime markets, the companies announced March 16.Currently Houston-based ITC Global, which serves customers at 1,200 sites across 70 countries, is owned by Riverside Partners, a private equity firm based in Boston.Financial terms of the deal, which is subject to regulatory approvals, were not disclosed.After the deal closes, ITC Global will continue to
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operate as an i
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ndependent subsidiary of Panasonic Aviation, a leading provider of in-flight communications and entertainment systems. Joe Spytek, ITC s founder and chief ex
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ecutive, will stay on and report to Paul Margis, chief executive of Panasonic Avionics. Panasonic s acquisition of ITC Global highlights the natural alignment of customers Ykmw Study pegs cost of imagery constellation at $300 million
By HENG SINITH and SOPHENG CHEANGAssociated PressPOIPET, Cambodia AP 鈥?The confirmed death toll from a massive fire at a casino hotel complex in western Cambodia rose to 25 on Friday as the search resumed for victims, officials said.The blaze at the Grand Diamond City casino and hote
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l in the town of Poipet on the Thai border started around midnight Wednesday and was extinguished more than 12 hours
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later on Thursday afternoon.By Friday morning, 25 bodies had been recovered from the site, according to Sek Sokhom, head of Banteay Meanchey province s information department. He said six bodies w
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ere found Friday morning, some in their rooms and others on stairways.More than 60 people were injured, he said, and the death toll was expected to rise once rescuers are able to access victims who are believed to be under debris or in locked rooms.The Grand Diamond City casino complex has 500 employees, and it had 1,000 customers Wednesday, according to a report from Soth Kimkolmony, a spokesperso