TYSONS CORNER, VA September 1, 2015 — Matt Desch, Iridium Communications (Nasdaq: IRDM) CEO, said the company has poured $3 billion toward the launch of its 66-satellite Iridium NEXT constellation, ExecutiveBiz reported Monday.
The Globe and Mail featured Sunday comments from Desch and other Iridium officials on how the company foresees airliner cost savings through NEXT’s air traffic-tracking capabilities.
Desch has expressed confidence that the launch schedule is on track.
The first two satellites will be sent into orbit from a Russian military base by yearend and the rest months later from Vandenbergh Air Force Base, the publication said.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com