Hughes win $69M contract for foreign ministry of Middle Eastern country Hughes Network Systems announced that it has won a $69M, three-year contract to provide the foreign ministry of a Middle Eastern country with a highly secure private satellite network and services across more than 100 countries on six continents. The new contract calls for Hughes to provide turnkey managed network services across the foreign ministries' global facilities.
EchoStar shares could hit $69 by end of 2016, says Citigroup Citigroup added EchoStar to its Focus List saying the stock could reach $62 by the end of 2015 and $69 by the end of 2016. Citi thinks the five initiatives laid out by management could drive share upside over the next two years. It keeps a Buy rating on the stock.