Defense contractor York Space Systems acquires ALL.SPACE to expand its communications and connectivity capabilities.
York Space Systems has agreed to acquire satellite communications firm ALL.SPACE, backed by Rochefort Asset Management. The deal aims to bolster York’s defense-focused communications and connectivity portfolio.
York Space Systems shares rose 8% in premarket trading Monday, recovering from a 17% decline on Friday. The acquisition aligns with the company’s strategy to expand its satellite and defense technology offerings.
No financial terms of the deal were disclosed, but the move signals growing consolidation in the satellite communications sector.