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financialseismic2026-08-02

Hughes Network Systems files for Chapter 11 bankruptcy

EchoStar's satellite broadband unit files Chapter 11 after missing an August 1 debt deadline, without a pre-negotiated plan.

Hughes Network Systems, EchoStar's satellite broadband subsidiary, filed for Chapter 11 bankruptcy on August 2 in the US Bankruptcy Court for the Southern District of Texas, per Advanced Television. Hughes had $102 million in cash on hand against $1.5 billion in borrowings that matured August 1, and filed without a pre-negotiated restructuring plan. EchoStar's own SEC 8-K, filed the same day, discloses an Item 1.03 bankruptcy event.

Hughes · EchoStar3 sources
procurementnotable2026-07-31

Space Force picks 15 firms for $981 million space test and training contract

Rocket Lab, Firefly, Redwire, Sierra Space, Viasat and York join legacy primes competing for NITE-STAR training-range task orders.

Amentum · BAE Systems · Boeing · CACI · Firefly Aerospace · L3Harris · Lockheed Martin Space · Northrop Grumman · Pacific Crest Alliance · Parsons Government Services · Redwire · Rocket Lab · Sierra Space · Viasat · York Space Systems · Space Systems Command2 sources