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...
Executive Mosaic is thrilled to include Matt Desch, CEO of Iridium Communications, in the 2024 roster of Wash100 Award recipients in recognition of his exemplary leadership of the McLean, Virginia-based satellite communications company and his commitment to innovation. Vote for Desch as your favorite GovCon leader as part of the 2024 Wash100 popu...
Iridium Communications (Nasdaq: IRDM) saw its engineering and support revenue increase 74 percent to $31.1 million during the fourth quarter of 2023, driven by a rise in U.S. government activity, and posted a record total revenue of $790.7 million for the full year, up 10 percent from the prior-year period. The McLean, Virginia-based satellite commu...
Iridium Communications (Nasdaq: IRDM) has released its financial results for the third quarter of 2023 and provided an update on its outlook for the full year. The quarter’s highlight was the 12 percent year-over-year increase in operational EBITDA to $121.3 million, a new record for the global voice and data satellite communications provider....
Iridium Communications (Nasdaq: IRDM) will deliver broadband and midband capabilities to the U.S. Space Force under a potential 10-year indefinite-delivery/indefinite-quantity contract. The multiple-award contract covers the provision of the Iridium Certus L-band terminals and service to support the U.S. military’s effort to proliferate satell...
The board of directors of Iridium Communications (Nasdaq: IRDM) has approved a plan to buy back another $400 million in shares through Dec. 31, 2025. Iridium said Thursday the plan marks its third and largest stock buyback authorization and increases the satellite communications company’s total repurchase program to $1 billion, the company sai...
