Iridium Gov’t Revenue Up 12% in 2Q; Matt Desch Offers NEXT Program Update

IridiumLogoIridium Communications (Nasdaq: IRDM) has reported a 12.5 percent increase in government segment revenue for the company’s fiscal year 2015 second quarter compared to the prior year period.

Total quarterly sales for the segment reached $18 million, which the company attributed primarily to its airtime services contract with the Defense Department.

Matt Desch
Matt Desch

Matt Desch, Iridium CEO, also offered an update on the Iridium NEXT program in the company’s financial release and said satellite platform software tests have fully completed.

The company continues to have 2017 as the year NEXT will be fully deployed, the 2015 Wash100 inductee said.

“We continue to move the initial space vehicles through low-rate production and have successfully integrated the first Aireon payload with the satellite platform, ” Desch said.

“However, a subsystem supplier is reworking an important hardware component related to the Ka-band satellite links, which is pushing our initial launch on the Dnepr rocket out two months to December, ” he added.

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