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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 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...
Iridium Communications (NASDAQ: IRDM) has reached a deal with finance syndicate Coface to fund the manufacture and design of Iridium’s next-generation NEXT satellites. Constituent banks will provide up to $1.8 billion in financial backing for the company. “Iridium is pleased to have received the backing of such a world class team of financia...
