Iridium Communications reported fiscal 2024 fourth-quarter revenue of $213 million, up 9 percent from the prior-year period, and saw its total revenue for the full year increase 5 percent to $830.7 million. In an earnings release published Thursday, the McLean, Virginia-based satellite communications company said Q4 and full-year net income were $36...
Iridium Communications posted a record total revenue of $212.8 million during the third quarter of 2024, up 8 percent from the prior-year period, and attributed the growth to higher government engineering and commercial service revenue. Iridium’s U.S. Government Business The McLean, Virginia-based satellite communications company said Thursday...
The team of Iridium Communications and General Dynamics Mission Systems has secured a $491.6 million contract modification from the Space Development Agency to provide ground management and integration support for SDA’s Proliferated Warfighter Space Architecture. Iridium said Tuesday its share of the contract modification is valued at $239 million...
The board of directors of Iridium Communications (Nasdaq: IRDM) has approved a plan to buy back another $500 million in shares through the end of December 2027 as part of a push to maximize return on investment. The satellite communications company said Thursday the plan marks its fourth and largest stock buyback authorization and increases...
Iridium Communications (Nasdaq: IRDM) has appointed senior finance executive Vincent O’Neill as chief financial officer and business development leader Timothy Last as executive vice president of sales and marketing, effective Jan. 1. The McLean, Virginia-based company said Wednesday O’Neill will succeed the retiring Thomas Fitzpatrick, ...
Iridium Communications (Nasdaq: IRDM) reported financial results for the second quarter of 2024, highlighting revenue and subscriber growth plus profit during the period. In the three months ending June 30, 2024, total revenue increased 3.9 percent year-over-year to $201 million, while net income reached $32.3 million compared to the $30.7 million n...
Iridium Communications (Nasdaq: IRDM) has secured a five-year, $94 million contract to deliver satellite communications support services to Space Systems Command The company said Tuesday it will provide new capabilities and security sustainment services in support of the Enhanced Mobile Satellite Services program under the contract, which has a pote...
Iridium Communications (Nasdaq: IRDM) presented its Q1 2024 financial results, in which total revenue reacched $203.9 million, although slightly lower by 0.7 percent from a year ago. Notably, the voice and data satellite communications provider’s net income increased 101.1 percent year-over-year to $19.65 million, while the subscriber base g...
McLean, Virginia-based Iridium Communications (Nasdaq: IRDM) has closed its purchase of Satelles and launched a satellite-based time and location service as part of its portfolio of offerings. The Iridium Satellite Time and Location service works indoors and is designed to safeguard GPS and other Global Navigation Satellite Systems-reliant platforms...
McLean, Virginia-based Iridium Communications (Nasdaq: IRDM) has agreed to purchase Satelles for approximately $115 million as part of efforts to expand its portfolio of assured positioning navigation and timing services. Satelles is a Reston, Virginia-based provider of satellite-based time and location services that work to complement and safeguard...
