Latest news with #FairwindsTechnologies
Yahoo
2 hours ago
- Business
- Yahoo
Why AST SpaceMobile Stock Jumped This Week
Stocks rose this week as hopes for interest-rate cuts rose and military actions in the Middle East de-escalated. AST SpaceMobile's valuation also benefited from rising excitement surrounding defense applications in the space industry. AST announced new financing moves, and Bank of America initiated coverage on the stock. 10 stocks we like better than AST SpaceMobile › AST SpaceMobile (NASDAQ: ASTS) stock closed out last week's trading with another run of substantial gains. The company's share price ended this Friday's session up 7.4% from the previous week's closing price. Meanwhile, the S&P 500 index rose 3.4% over the stretch. The broader market saw strong bullish momentum this week as key geopolitical risk factors appeared to moderate and investors bet on an increased likelihood that the Federal Reserve will cut interest rates next month. Excitement surrounding defense applications for space-industry companies also helped push AST shares higher. The S&P 500 rose this week and set a fresh record on Friday as the ceasefire between Israel and Iran held and Federal Reserve officials made comments suggesting that the central bank could cut interest rates next month. Investors also poured into defense technology stocks, and AST had some notable news to share on that front. AST announced, in collaboration with Fairwinds Technologies, this week that it had successfully demonstrated the first non-terrestrial network (NTN) tactical satellite communications capable of serving up high-throughput data transmissions for standard mobile devices. The test highlighted the network's capabilities in defense-related scenarios. At one point, AST stock was up 16.1% from the previous week's close, but shares pulled back due to valuation concerns and financing announcements from the company. On Wednesday, AST SpaceMobile announced that it had entered into an agreement to repurchase $225 million in 4.25% convertible debt notes set to mature in 2032. The company also said it would issue approximately 1.04 million incremental shares in correlation with the convertible notes it was buying back. As part of the deal, the company is also moving to sell 9.45 million shares of new stock, priced at $53.22 per share, in a direct offering to the holders of the convertible notes. The deal will remove $225 million in debt from the company's balance sheet and cut the need to make $63.8 million in remaining interest payments. Bank of America also initiated coverage on AST on Wednesday and assigned a neutral rating and a one-year price target of $55 per share on the stock. As of this writing, the firm's price target implies additional upside of roughly 11%. Bank of America's analysts see promise and large-market potential for AST's BlueBird satellite constellation, but they raised concerns about the outlook for the business's sales ramp. With the company trading at roughly 191 times this year's expected sales, some strong growth is already priced in. Before you buy stock in AST SpaceMobile, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Bank of America is an advertising partner of Motley Fool Money. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America. The Motley Fool has a disclosure policy. Why AST SpaceMobile Stock Jumped This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Broadcast Pro
15 hours ago
- Business
- Broadcast Pro
AST SpaceMobile demos first tactical NTN connectivity on mobile phones
AST SpaceMobile is working with Fairwinds Technologies for program integration and military tactical network support for defense uses. AST SpaceMobile has announced the demonstration of the worlds first Non-Terrestrial Network (NTN) tactical satellite communications delivering high-throughput data, voice, and video using unmodified mobile devices in collaboration with Fairwinds Technologies (a privately held company). The field test showcased key defence-related use cases, including real-time connectivity to the Tactical Assault Kit (TAK) over a VPN, multimedia streaming via TAK, and secure multi-party video calls, all executed on standard, unmodified smartphones. This milestone demonstration was conducted near AST SpaceMobiles gateway facility on Oahu, Hawaii, with active participation from US Indo-Pacific Command (USINDOPACOM), including representation from the US Navy, Marine Corps, Army, US Space Command, and the Office of the Under Secretary of Defence for Research and Engineering (OUSD R&E) FutureG team. AST SpaceMobile collaborated with Fairwinds Technologies on this demonstration. Fairwinds is a trusted partner providing programme integration and military tactical network support as AST SpaceMobile explores direct-to-device satellite communications for US government and defence applications. This effort follows the recent award by the Defense Innovation Unit (DIU) to the Fairwinds/AST SpaceMobile team under the Hybrid Space Architecture 2 initiative within DIUs Space Portfolio. The project is jointly supported by DIUs Cyber & Telecom Portfolio and aims to evaluate the viability of space-based direct-to-device communications for resilient, secure tactical networks in denied or austere environments. Chris Ivory, Chief Commercial and Government Business Officer at AST SpaceMobile, said: 'This demonstration represents a significant leap forward in advancing resilient, secure communications capabilities for the U.S. defense community. We are proud to help enable a new layer of mobile connectivitydirectly from space to standard smartphones, with no need for specialized equipment, in support of national security objectives.' Timothy Hillner, Chief Technology Officer and Co-Founder of Fairwinds Technologies, added: 'This is just the beginning. Were honored to collaborate with AST SpaceMobile and the Defense Innovation Unit to deliver next-generation communications at the tactical edge – precisely where and when theyre needed most. Together, were enabling the future of command and control.' This was the first in a series of planned prototype demonstrations to evaluate space-based mobile broadband for defense applications, with additional testing, including over open ocean environments, planned in the coming months as the team continues to push the boundaries of multi-domain, space-based tactical communications.
Business Wire
3 days ago
- Business
- Business Wire
AST SpaceMobile & Fairwinds Technologies Demonstrate World's First Tactical NTN Connectivity Over Standard Mobile Devices
MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. ('AST SpaceMobile') (NASDAQ: ASTS) the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the successful demonstration of the world's first Non-Terrestrial Network (NTN) tactical satellite communications delivering high-throughput data, voice, and video using unmodified mobile devices in collaboration with Fairwinds Technologies (a privately held company). The field test showcased key defense-related use cases, including real-time connectivity to the Tactical Assault Kit (TAK) over a VPN, multimedia streaming via TAK, and secure multi-party video calls, all executed on standard, unmodified smartphones. This milestone demonstration was conducted near AST SpaceMobile's gateway facility on Oahu, Hawaii, with active participation from U.S. Indo-Pacific Command (USINDOPACOM), including representation from the U.S. Navy, Marine Corps, Army, U.S. Space Command, and the Office of the Under Secretary of Defense for Research and Engineering (OUSD R&E) FutureG team. AST SpaceMobile collaborated with Fairwinds Technologies on this demonstration. Fairwinds is a trusted partner providing program integration and military tactical network support as AST SpaceMobile explores direct-to-device satellite communications for U.S. government and defense applications. This effort follows the recent award by the Defense Innovation Unit (DIU) to the Fairwinds/AST SpaceMobile team under the Hybrid Space Architecture 2 initiative within DIU's Space Portfolio. The project is jointly supported by DIU's Cyber & Telecom Portfolio and aims to evaluate the viability of space-based direct-to-device communications for resilient, secure tactical networks in denied or austere environments. 'This demonstration represents a significant leap forward in advancing resilient, secure communications capabilities for the U.S. defense community,' said Chris Ivory, Chief Commercial and Government Business Officer at AST SpaceMobile. 'We are proud to help enable a new layer of mobile connectivity—directly from space to standard smartphones, with no need for specialized equipment, in support of national security objectives.' 'This is just the beginning,' said Timothy Hillner, Chief Technology Officer and Co-Founder of Fairwinds Technologies. 'We're honored to collaborate with AST SpaceMobile and the Defense Innovation Unit to deliver next-generation communications at the tactical edge - precisely where and when they're needed most. Together, we're enabling the future of command and control.' This was the first in a series of planned prototype demonstrations to evaluate space-based mobile broadband for defense applications, with additional testing, including over open ocean environments, planned in the coming months as the team continues to push the boundaries of multi-domain, space-based tactical communications. About AST SpaceMobile AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, and designed for both commercial and government applications. Our engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's five billion mobile subscribers and finally bring broadband to the billions who remain unconnected. For more information, follow AST SpaceMobile on YouTube, X (Formerly Twitter), LinkedIn and Facebook. Watch this video for an overview of the SpaceMobile mission. About Fairwinds Technologies Fairwinds designs and integrates communications, networking and IT solutions to serve defense and civilian agencies around the world. Fairwinds strives to meet critical needs, by combining innovative products with specialized services, no matter the mission. Fairwinds is a small business, founded in 2016. For more information, please visit our website at Forward-Looking Statements This communication contains 'forward-looking statements' that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words 'believes,' 'estimates,' 'anticipates,' 'expects,' 'intends,' 'plans,' 'may,' 'will,' 'would,' 'potential,' 'projects,' 'predicts,' 'continue,' or 'should,' or, in each case, their negative or other variations or comparable terminology. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside AST SpaceMobile's control and are difficult to predict. Factors that could cause such differences include, but are not limited to: (i) expectations regarding AST SpaceMobile's strategies and future financial performance, including AST's future business plans or objectives, expected functionality of the SpaceMobile Service, anticipated timing of the launch of the Block 2 BlueBird satellites, anticipated demand and acceptance of mobile satellite services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, ability to finance its research and development activities, commercial partnership acquisition and retention, products and services, pricing, marketing plans, operating expenses, market trends, revenues, liquidity, cash flows and uses of cash, capital expenditures, and AST SpaceMobile's ability to invest in growth initiatives; (ii) the negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service that would supersede preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees and AST SpaceMobile's responses to actions of its competitors and its ability to effectively compete; (iv) changes in applicable laws or regulations; (v) the possibility that AST SpaceMobile may be adversely affected by other economic, business, and/or competitive factors; (vi) the outcome of any legal proceedings that may be instituted against AST SpaceMobile; and (vii) other risks and uncertainties indicated in the Company's filings with the Securities and Exchange Commission (SEC), including those in the Risk Factors section of AST SpaceMobile's Form 10-K filed with the SEC on March 3, 2025. AST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile's Form 10-K filed with the SEC on March 3, 2025. AST SpaceMobile's securities filings can be accessed on the EDGAR section of the SEC's website at Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Associated Press
3 days ago
- Business
- Associated Press
AST SpaceMobile & Fairwinds Technologies Demonstrate World's First Tactical NTN Connectivity Over Standard Mobile Devices
MIDLAND, Texas--(BUSINESS WIRE)--Jun 26, 2025-- AST SpaceMobile, Inc. ('AST SpaceMobile') (NASDAQ: ASTS) the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the successful demonstration of the world's first Non-Terrestrial Network (NTN) tactical satellite communications delivering high-throughput data, voice, and video using unmodified mobile devices in collaboration with Fairwinds Technologies (a privately held company). This press release features multimedia. View the full release here: AST SpaceMobile, Fairwinds, and representation from the U.S. Navy, Marine Corps, Army, U.S. Space Command, and the Office of the Under Secretary of Defense for Research and Engineering (OUSD R&E) FutureG team. The field test showcased key defense-related use cases, including real-time connectivity to the Tactical Assault Kit (TAK) over a VPN, multimedia streaming via TAK, and secure multi-party video calls, all executed on standard, unmodified smartphones. This milestone demonstration was conducted near AST SpaceMobile's gateway facility on Oahu, Hawaii, with active participation from U.S. Indo-Pacific Command (USINDOPACOM), including representation from the U.S. Navy, Marine Corps, Army, U.S. Space Command, and the Office of the Under Secretary of Defense for Research and Engineering (OUSD R&E) FutureG team. AST SpaceMobile collaborated with Fairwinds Technologies on this demonstration. Fairwinds is a trusted partner providing program integration and military tactical network support as AST SpaceMobile explores direct-to-device satellite communications for U.S. government and defense applications. This effort follows the recent award by the Defense Innovation Unit (DIU) to the Fairwinds/AST SpaceMobile team under the Hybrid Space Architecture 2 initiative within DIU's Space Portfolio. The project is jointly supported by DIU's Cyber & Telecom Portfolio and aims to evaluate the viability of space-based direct-to-device communications for resilient, secure tactical networks in denied or austere environments. 'This demonstration represents a significant leap forward in advancing resilient, secure communications capabilities for the U.S. defense community,' said Chris Ivory, Chief Commercial and Government Business Officer at AST SpaceMobile. 'We are proud to help enable a new layer of mobile connectivity—directly from space to standard smartphones, with no need for specialized equipment, in support of national security objectives.' 'This is just the beginning,' said Timothy Hillner, Chief Technology Officer and Co-Founder of Fairwinds Technologies. 'We're honored to collaborate with AST SpaceMobile and the Defense Innovation Unit to deliver next-generation communications at the tactical edge - precisely where and when they're needed most. Together, we're enabling the future of command and control.' This was the first in a series of planned prototype demonstrations to evaluate space-based mobile broadband for defense applications, with additional testing, including over open ocean environments, planned in the coming months as the team continues to push the boundaries of multi-domain, space-based tactical communications. About AST SpaceMobile AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, and designed for both commercial and government applications. Our engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's five billion mobile subscribers and finally bring broadband to the billions who remain unconnected. For more information, follow AST SpaceMobile on YouTube , X (Formerly Twitter) , LinkedIn and Facebook . Watch this video for an overview of the SpaceMobile mission. About Fairwinds Technologies Fairwinds designs and integrates communications, networking and IT solutions to serve defense and civilian agencies around the world. Fairwinds strives to meet critical needs, by combining innovative products with specialized services, no matter the mission. Fairwinds is a small business, founded in 2016. For more information, please visit our website at . Forward-Looking Statements This communication contains 'forward-looking statements' that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words 'believes,' 'estimates,' 'anticipates,' 'expects,' 'intends,' 'plans,' 'may,' 'will,' 'would,' 'potential,' 'projects,' 'predicts,' 'continue,' or 'should,' or, in each case, their negative or other variations or comparable terminology. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside AST SpaceMobile's control and are difficult to predict. Factors that could cause such differences include, but are not limited to: (i) expectations regarding AST SpaceMobile's strategies and future financial performance, including AST's future business plans or objectives, expected functionality of the SpaceMobile Service, anticipated timing of the launch of the Block 2 BlueBird satellites, anticipated demand and acceptance of mobile satellite services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, ability to finance its research and development activities, commercial partnership acquisition and retention, products and services, pricing, marketing plans, operating expenses, market trends, revenues, liquidity, cash flows and uses of cash, capital expenditures, and AST SpaceMobile's ability to invest in growth initiatives; (ii) the negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service that would supersede preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees and AST SpaceMobile's responses to actions of its competitors and its ability to effectively compete; (iv) changes in applicable laws or regulations; (v) the possibility that AST SpaceMobile may be adversely affected by other economic, business, and/or competitive factors; (vi) the outcome of any legal proceedings that may be instituted against AST SpaceMobile; and (vii) other risks and uncertainties indicated in the Company's filings with the Securities and Exchange Commission (SEC), including those in the Risk Factors section of AST SpaceMobile's Form 10-K filed with the SEC on March 3, 2025. AST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile's Form 10-K filed with the SEC on March 3, 2025. AST SpaceMobile's securities filings can be accessed on the EDGAR section of the SEC's website at . Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. View source version on CONTACT: Investor Contact:Scott Wisniewski [email protected] Contact:Allison Eva Murphy Ryan 917-547-7289 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: OTHER MANUFACTURING TECHNOLOGY MOBILE/WIRELESS SATELLITE OTHER TECHNOLOGY TELECOMMUNICATIONS AEROSPACE MANUFACTURING NETWORKS SOURCE: AST SpaceMobile, Inc. Copyright Business Wire 2025. PUB: 06/26/2025 07:30 AM/DISC: 06/26/2025 07:29 AM
