What changed in this filing

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Item 2. Properties

2024-10-30 compared with 2023-10-12 · 26 added, 29 removed, 23 unchanged (71% of the section changed)

7 unchanged sentences

Satellite and Space Communications

Chandler, Arizona A Manufacturing and Engineering 146,000 July 2036

Chandler, Arizona A Manufacturing and Engineering and Corporate Headquarters 146,000 July 2036

Orlando, Florida B Manufacturing and Engineering 99,000 April 2026

1 unchanged sentence

Santa Clara, California D Manufacturing and Engineering 47,000 April 2026

Melville, New York E Manufacturing and Engineering 45,000 December 2031

Various facilities F Support, Engineering and Sales 22,000 Various

Cypress, California G Support, Engineering and Sales 28,000 July 2025

Cypress, California E Support, Engineering and Sales 28,000 July 2025

Tempe, Arizona A Manufacturing and Engineering 20,000 January 2027

Plano, Texas G R&D and Engineering 12,000 August 2025

Saint-Laurent, Canada H Manufacturing, Engineering, Sales and General Office 12,000 June 2029

Various facilities F Support, Engineering and Sales 19,000 Various

Plano, Texas E R&D and Engineering 12,000 August 2025

Saint-Laurent, Canada G Manufacturing, Engineering, Sales and General Office 12,000 June 2029

Terrestrial and Wireless Networks

Seattle, Washington I Network Operations, R&D, Engineering and Sales 30,000 October 2033

Stoughton, Massachusetts J Network Operations 26,000 March 2025

Annapolis, Maryland K Support, Engineering and Sales 17,000 July 2026

Gatineau, Canada L Network Operations, R&D, Engineering, Sales and General Office 16,000 April 2028

Chicago, Illinois L General Office 4,000 September 2024

Annapolis, Maryland K General Office and Common Areas 2,000 July 2026

Melville, New York M Corporate Headquarters and General Office 9,600 August 2027

Seattle, Washington H Network Operations, R&D, Engineering and Sales 30,000 October 2033

Stoughton, Massachusetts I Network Operations 26,000 March 2025

Annapolis, Maryland J Support, Engineering and Sales 17,000 July 2026

Gatineau, Canada K Network Operations, R&D, Engineering, Sales and General Office 16,000 April 2028

Chicago, Illinois K General Office 4,000 September 2024

Melville, New York L General Office 9,600 August 2027

Annapolis, Maryland J General Office and Common Areas 2,000 July 2026

Total Square Footage 564,600

To support our long-term business goals, we recently commenced a 15-year lease for a new 146,000 square foot high-volume technology manufacturing facility in Chandler, Arizona.

In fiscal 2023, we completed the relocation of certain of our satellite ground station production facility operations from our existing manufacturing locations, such as Tempe, Arizona, to this new facility, which reduced our Tempe, Arizona footprint by 116,000 square feet to 20,000 square feet through January 2027.

The new Chandler, Arizona facility utilizes state-of-the-art design and production techniques, including analog, digital and RF microwave production, hardware assembly and full-service engineering.

To support our long-term business goals, we entered a 15-year lease for a new 146,000 square foot high-volume technology manufacturing facility in Chandler, Arizona.

In fiscal 2023, we completed the relocation of certain of our satellite ground infrastructure production facility operations to this new facility, which reduced our Tempe, Arizona footprint to 20,000 square feet through January 2027.

The Chandler, Arizona facility utilizes state-of-the-art design and production techniques, including analog, digital and RF microwave production, hardware assembly and full-service engineering.

In fiscal 2024, this location became our new corporate headquarters.

Our Satellite and Space Communications segment engineers and manufactures our over-the-horizon microwave troposcatter systems and mission-critical satellite equipment in a leased facility in Orlando, Florida.

Our Satellite and Space Communications segment currently leases two manufacturing facilities in Hampshire, United Kingdom, where we manufacture our high precision full motion fixed and mobile X/Y satellite tracking antennas, RF feeds, reflectors and radomes.

These facilities are expected to support the production of X/Y satellite tracking antennas that can be used in connection with the thousands of new LEO, MEO and large HTS satellite constellations reportedly being launched over the next several years.

Our Satellite and Space Communications segment currently leases two manufacturing facilities in Hampshire (Basingstoke), United Kingdom, where we previously manufactured high precision full motion fixed and mobile X/Y satellite tracking antennas.

As a result of our fourth quarter fiscal 2024 decision to exit this product line, we are currently in discussions with each landlord regarding our exit and termination of such facility leases.

Our Satellite and Space Communications segment manufactures certain amplifiers in a leased manufacturing facility located in Santa Clara, California.

Our Satellite and Space Communications segment manufactures certain of our solid-state, high-power amplifiers in a 45,000 square foot engineering and manufacturing facility on more than two acres of land in Melville, New York and an 8,000 square foot facility in Topsfield, Massachusetts.

Our Massachusetts lease is currently on a month-to-month basis and therefore excluded from the table above;

however, we are currently in negotiations with the landlord to extend such lease for up to ten years.

Our Satellite and Space Communications segment leases an additional seven facilities, four of which aggregate 16,000 square feet and are located in the U.S.

with the remaining three facilities aggregating 6,000 square feet located in Singapore, China and India.

All are primarily utilized for engineering, sales, software development, customer support, and general office use.

Our Satellite and Space Communications segment maintains office space in Cypress, California and Plano, Texas used primarily for R&D, engineering, sales and customer support.

Our Satellite and Space Communications segment leases an additional five facilities, four of which aggregate 16,000 square feet and are located in the U.S.

with the remaining facility aggregating 3,000 square feet located in India.

All are primarily utilized for engineering, sales, software development, customer support, and general office use.

Our Satellite and Space Communications segment maintains office space in Saint-Laurent, Canada, used primarily for sales, engineering, manufacturing and general office use.

Our Terrestrial and Wireless Networks segment maintains office space in Seattle, Washington used primarily for servicing and hosting our VoIP and VoWiFi E911 and NG-911 services, and related emerging technologies.

In fiscal 2023, as part of our cost reduction initiatives, we reduced our footprint at this location from 58,000 square feet to 30,000 square feet.

Our Terrestrial and Wireless Networks segment maintains office space in Stoughton, Massachusetts used primarily for servicing certain of our state and local municipality NG-911 customers.

1 unchanged sentence

Our Terrestrial and Wireless Networks segment maintains office space in Gatineau, Canada and Chicago, Illinois that are utilized for network operations, R&D, engineering, sales of our public safety and location technology solutions and general office use.

Our corporate headquarters are located in an office building complex in Melville, New York.

We exited our Chicago, Illinois office in September 2024.

Our facility in Gatineau, Canada is subject to expropriation by the City of Gatineau and we expect to exit this facility and enter into a new lease agreement for an alternate facility in calendar 2025.

Our Unallocated segment maintains general office space in a building complex located in Melville, New York for certain company-wide functions.

The terms for all of our leased facilities are generally for multi-year periods and we believe that we will be able to renew these leases or find comparable facilities elsewhere.

Also, in fiscal 2023 and 2022, as part of our environmental related initiatives, we were able to reduce our total company-wide square footage of our various facilities by 162,000 sq.

or 20.9% and 78,000 sq ft.

or 9.1%, respectively, for a total two-year reduction of 240,000 sq.

In fiscal 2024, as part of the divestiture of our solid-state RF microwave high power amplifiers and control components product line, we no longer lease the 45,000 square foot engineering and manufacturing facility in Melville, New York or the 8,000 square foot facility in Topsfield, Massachusetts.

As part of our environmental related initiatives, we were able to reduce our total company-wide square footage of our various facilities for a total three-year reduction of 288,000 sq.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties