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Iridium (Nasdaq:IRDM) reported financial results for the fourth quarter of 2010, affirming its outlook for the full-year 2011. The firm listed fourth-quarter total revenue at $87.9 million, including $60.1 million of service revenue and $27.8 million of equipment and engineering and support revenue. Iridium noted that “total revenue grew 16 ...
Orbital Sciences reached a deal on a systems integration and test contract with Thales Alenia Space, the prime contractor for Iridium Next, Iridium Communications’ new fleet of satellites. “We are delighted that Thales Alenia has selected Orbital as systems integrator, which represents another major step forward in the development and co...
Iridium Communications (Nasdaq: IRDM) has signed an agreement with 17 service partners, securing their participation in the Iridium’s Network Quality Guarantee program. According to the firm, “the Iridium Network Quality Guarantee promises complete network availability for customers purchasing new Iridium satellite phones and airtime ser...
Iridium Communications (Nasdaq:IRDM) rolled out financial results for the third quarter of 2010 and changed its 2010 financial outlook. The firm announced the following specifics: “Iridium’s third-quarter 2010 financial results reflect Iridium Communications Inc. as compared to Iridium Holdings LLC (‘predecessor’) for the com...
Thales Alenia Space’s deal with Iridium Communication (Nasdaq: IRDM) for 81 communication satellites for use in the Iridium NEXT low-orbit constellation is well underway. According to Thales, “with the closing of Iridium’s Coface credit facility, the FSD (Full Scale System Development) contract between Iridium and Thales Alenia Space r...
Iridium Communications Inc. has announced it has contracted with Ericsson Federal Inc. (EFI) to implement a new Ericsson Mobile Softswitch Solution (MSS) to provide Iridium’s next-generation switching technology. The work will include custom design, development, integration and maintenance for the Iridium satellite communications system. Iridi...
Iridium CEO Matt Desch spoke with ExecutiveBiz about his steps to take his firm public: “You need to understand that our business challenge had not been growth; in fact, we had grown consistently over the six to seven years prior to my joining Iridium and had become profitable while growing quickly. There was and is...
