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...
Iridium Communications (Nasdaq: IRDM) logged total revenue of $205.3 million for the first quarter of 2023, up 22 percent year-over-year from $168.2 million and noted total billable subscribers for the January-March period reached 2.05 million. The satellite communications company said Thursday that about $139.3 million of Q1 revenue came from servi...
Iridium Communications (Nasdaq: IRDM) posted $193.8 million in revenue for the fourth quarter of 2022, up 24 percent from the prior-year period and reported a 17 percent growth in full-year sales to $721 million. The global satellite communications company said Thursday total billable subscribers grew 16 percent year-on-year to 1,999,000, driven by ...
Executive Mosaic has the privilege of bestowing Matt Desch with the 2023 Wash100 Award. For the last nine years, the Iridium Communications CEO has secured a place among the most influential and impactful individuals working in government contracting and the U.S. government. He earns his ninth distinction from the voting body for impressive financ...
Iridium Communications (Nasdaq: IRDM) reported $26.5 million in service revenue for its U.S. government business during the third quarter of 2022, up 2.3 percent from the prior-year period of $25.9 million driven by a contractual step-up in the Enhanced Mobile Satellite Services contract with the U.S. Space Force in September 2021. The McLean,...
Engineers say satellite companies seeking to link smartphones and other mobile devices on the ground could turn that target into a reality with cheaper rockets and advances in satellite technology but would need to invest billions of dollars to achieve that goal, The Wall Street Journal reported Sunday. Iridium Communications CEO Matt Desch said equ...
The satellite communications industry — a once-sleepy sector — is indisputably booming right now. With the ubiquity of launch, the skyrocketing growth of commercial infrastructure in space, the exponentially increasing importance of resilient communications and the creeping volatility of the space domain, satellite networks are in the spotlight ...
Matt Desch, who has led Iridium Communications as its CEO since 2006, received a recent visit from Executive Mosaic CEO Jim Garrettson to the company’s office in McLean, VA. Garrettson officially presented Matt Desch with his 2022 Wash100 Award, the most prestigious and coveted award in all of government contracting (GovCon). “Matt’s busine...
A team of General Dynamics’ (NYSE: GD) mission systems business and Iridium Communications (Nasdaq: IRDM) has received a potential $324.5 million contract from the Space Development Agency to build, operate and maintain ground entry points and operations centers for the first tranche of the National Defense Space Architecture. The contract also in...
Iridium Communications (Nasdaq: IRDM) and General Dynamics (NYSE: GD) have submitted a joint proposal to the Space Development Agency to compete for a contract to manage and operate a $1.8 billion constellation of Transport Layer Tranche 1 satellites in low-Earth orbit, SpaceNews reported Saturday. In January, SDA issued a solicitation for the “gr...
