TAMPA, Fla. — Large defense companies are itching to buy space assets as part of the market is on the verge of a shake-out, executives discussing deal-making in the industry said Feb. 8.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...