EchoStar subsidiary Hughes Satellite Systems and 11 affiliates file Chapter 11 bankruptcy

On August 2, 2026 (the “Petition Date”), EchoStar Corporation’s (“EchoStar”) subsidiary Hughes Satellite Systems Corporation (“HSSC”) and certain of its wholly-owned subsidiaries, (i) EchoStar Orbital L.L.C., (ii) EchoStar Government Services L.L.C., (iii) EchoStar Satellite Services L.L.C., (iv) Hughes Communications, Inc., (v) Hughes Network Systems, LLC, (vi) HNS-India VSAT, Inc., (vii) HNS License Sub, LLC, (viii) HNS Real Estate, LLC, (ix) Hughes Network Systems International Service Company, (x) HNS Americas, L.L.C., and (xi) HNS Americas II, L.L.C. (the foregoing subsidiaries referenced in (i) – (xi) and HSSC, collectively, the “Debtors”), filed voluntary petitions for reorganization (the “Bankruptcy Petitions” and the cases commenced thereby, the “Chapter 11 Cases”) under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Texas (the “Court”).

The Debtors have also filed motions with the Court seeking authorization to continue to operate their businesses as “debtors-in-possession” under the jurisdiction of the Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court. The Debtors expect to continue their existing operations without interruption during the pendency of the Chapter 11 Cases.

To maintain and continue uninterrupted ordinary course operations during the Chapter 11 Cases, the Debtors have filed a variety of “first day” motions seeking approval from the Court for various forms of customary relief. These motions are designed primarily to minimize the effect of bankruptcy on HSSC’s operations, customers and employees.

Any efforts to enforce payment obligations under the aforementioned Debt Instruments are automatically stayed as a result of the filing of the Chapter 11 Cases and the creditors’ rights of enforcement in respect of the Debt Instruments are subject to the applicable provisions of the Bankruptcy Code.

On July 28, 2026, in conjunction with his upcoming retirement, Mr. Paul Gaske, resigned from all director and officer positions of EchoStar and HSSC, effective immediately. Mr. Gaske remains employed by EchoStar as a senior advisor for a transition period to assist EchoStar and HSSC.

On July 31, 2026, HSSC appointed Mr. Ramesh Ramaswamy, age 66, as Executive Vice President, General Manager. Mr. Ramaswamy joined HSSC in 1985 as a software engineer and rose through management roles in engineering, operations, marketing and sales.

HSSC and EchoStar caution that trading in their respective securities during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. Trading prices for such securities may bear little or no relationship to the actual recovery, if any, by holders of such securities in the Chapter 11 Cases.

Hughes Satellite Systems Corporation (“Hughes” or the “Company") today announced that it and certain of its U.S. subsidiaries, including Hughes Network Systems, LLC, have filed voluntary chapter 11 petitions in the Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”) to facilitate a financial and operational reorganization. This reorganization will allow the Company to address its maturing secured and unsecured debt, strengthen its capital structure, and accelerate its ongoing transformation into an enterprise, government, and defense-focused business—all while continuing to serve its customers.

The Company plans to continue serving customers while refocusing operations on its enterprise, government, and defense lines of business.

Hughes has sufficient liquidity to fund its operations in the near-term and will seek to use its existing cash as it works to right-size the Company’s balance sheet.