LA PLATA, Maryland — Calian Group’s Advanced Technologies division, which is about 50% focused on providing ground hardware and service for satellite operations, reported a more than 100% increase in gross profit on a 49% increase in revenue for the three months ending Dec. 31.
Key to the growth was the August 2023 acquisition of Hawaii Pacific Teleport (HPT) for up to 62 million Canadian dollars ($46 million), including 15 million Canadian dollars in earn-outs to be paid over two years if the teleport meets profit expectations.
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