Matt Desch: Iridium NEXT Launch Costs at $3B

Matt Desch
Matt Desch

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.

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