Tag Archives: Iridium

Iridium & NAV CANADA Complete Agreement for Air Traffic Joint Venture; Matt Desch Comments

Iridium Communications Inc. (Nasdaq: IRDM) has finalized an agreement with NAV CANADA regarding their global air traffic joint venture, Aireon LLC, according to an Iridium statement. “I am excited about the opportunities (Aireon) will present for Iridium, NAV CANADA and other air navigation service providers who may choose to collaborate …

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Former US Special Ops Commander Olson Joins Iridium Board of Directors

Iridium Communications Inc. (Nasdaq: IRDM) has appointed retired Navy Adm. Eric T. Olson, formerly the commander of U.S. Special Operations Command, to the company’s board of directors. Olson, a 38-year Navy veteran, was known as the Bull Frog until his retirement in August for being the longest-serving Navy SEAL on active duty, …

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Iridium Announces Quarterly Financial Results; Desch Comments

  Iridium Communications,  Inc. (NASDAQ: IRDM) released its second quarter 2011 financial results on August 8. The company reported its net income increased 265.6 percent year-over-year to $11.7 million from $3.2 million in the second quarter of fiscal year 2010. Iridium reported second quarter total revenue of $95.9 million, a 14 percent …

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Iridium Off to ‘Strong Start’ in 2011, CEO Matt Desch Reports

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 …

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Iridium CEO Matt Desch Comments on Firm’s Financial Report

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 …

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Orbital to Work on Iridium Project; Matt Desch Comments

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 …

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Iridium CEO Matt Desch Breaks Down Firm’s Network Quality Guarantee Program

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 service.” “Our decision to expand our …

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Iridium Present Positive Financial News; CEO Matt Desch Comments

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 comparable period in 2009. Net income was …

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Thales, Iridium Satellite Construction Partnership Moves Forward; Iridium’s Matt Desch Remarks

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 replaces the  …

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Ericsson to Provide Technology for Iridium Satellite Network; Doug Smith Comments

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. Iridium has moved all commercial traffic …

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