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Latest News Mentioning Matt Desch

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President Barack Obama yesterday announced his intent to appoint several individuals to key administration posts, including Iridium Communications Inc CEO Matt Desch, who is an appointee to be a member of the President’s National Security Telecommunications Advisory Committee. Before joining Iridium, Desch served as CEO of Telcordia Technologies, ...

Iridium (NASDAQ:IRDM) announced that it booked net income of $8.3 million for the first quarter of 2011 and updated its outlook for the full-year 2011. “We’re off to a strong start in 2011, as we continue to benefit from a high-quality and diversifying revenue profile that is moving beyond voice to fast-growing data services, ”...

Thales Alenia Space awarded a contract to Lockheed Martin (NYSE: LMT) to oversee payload application software for the Iridium NEXT satellites. Thales Alenia Space is the prime contractor for Iridium NEXT, the next-generation satellite constellation being designed, built and launched for Iridium (NASDAQ: IRDM). Iridium NEXT, the replacement for the f...

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...

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...