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Tag Archives: Matt Desch

Matt Desch: FAA Should Decide Soon on Transition to New Aircraft Surveillance System

TYSONS CORNER, VA, March 21, 2016 — Iridium Communications (Nasdaq: IRDM) CEO Matt Desch has urged the Federal Aviation Administration to make its decision on the transition to a new aircraft surveillance system by the end of 2016, ExecutiveBiz reported March 9. Reuters reported March 8 Desch said at the Satellite 2016 conference that FAA …

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Weekly Roundup Mar. 7 – Mar. 11 2016: GovCon Index, Defense Stocks Show Steady Recovery & more

Mar. 7 – Mar. 11 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The start of March has given investors everywhere a respite of calm so far after a January and February period of across-the-board, worldwide market volatility that carried over from the …

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Matt Desch: 1st Iridium NEXT Satellites to Launch in July With SpaceX Rocket

TYSONS CORNER, VA, February 26, 2016 — Iridium Communications (Nasdaq: IRDM) has moved back the launch of the first set of Iridium NEXT satellites to July using SpaceX‘s Falcon 9 rocket following delays in obtaining clearance from the Russian government, ExecutiveBiz reported Thursday. The report said Iridium CEO Matt Desch told investors …

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Matt Desch: First Iridium NEXT Satellites to Launch in April

TYSONS CORNER, VA, November 13,  2015 — Iridium Communications (Nasdaq: IRDM) has moved back the launch schedule for the first two Iridium NEXT satellites in order to fix an issue discovered on the Ka-band transmit-receive modules, ExecutiveBiz reported Thursday. Spaceflight Now reported Tuesday the satellites will launch instead in April after prime contractor Thales Alenia Space …

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Iridium 3Q Earnings, Revenue Beat Wall Street Estimates; Matt Desch on Currency Headwinds

Iridium Communications (Nasdaq: IRDM) has reported third quarter earnings of 24 cents per share to exceed Wall Street analyst forecasts by 5 cents and the prior year figure by 7 cents. Profit at the McLean, Va.-based satellite communications provider climbed 44.92 percent year-over-year to $29.54 million and revenue declined 1.4 percent from the …

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Matt Desch: Iridium NEXT Launch Costs at $3B

TYSONS CORNER, VA September 1, 2015 — Matt Desch, Iridium Communications (Nasdaq: IRDM) CEO, said the company has poured $3 billion toward the launch of its 66-satellite Iridium NEXT constellation, ExecutiveBiz reported Monday. The Globe and Mail featured Sunday comments from Desch and other Iridium officials on how the company …

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Iridium Gov’t Revenue Up 12% in 2Q; Matt Desch Offers NEXT Program Update

Iridium Communications (Nasdaq: IRDM) has reported a 12.5 percent increase in government segment revenue for the company’s fiscal year 2015 second quarter compared to the prior year period. Total quarterly sales for the segment reached $18 million, which the company attributed primarily to its airtime services contract with the Defense …

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Matt Desch: Iridium Moves to Secure Next Satellites with Spares, Insurance, Free Reflights

TYSONS CORNER, VA June 15, 2015 — Executive Mosaic — Iridium Communications (Nasdaq: IRDM) CEO Matt Desch indicated that the nine spare Iridium Next satellites the company is building will help cut insurance coverage costs for the 72 others due for launch by 2017. Space News reported Thursday the executive telling investors …

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Matt Desch: Iridium Moves Closer to Global Aircraft Tracking with NEXT

TYSONS CORNER, VA June 3, 2015 — Iridium Communications (Nasdaq: IRDM) has installed an Aireon air traffic surveillance payload onto a NEXT satellite for deployment using ADS-B receivers from space, ExecutiveBiz reported Tuesday. “The integration of the Aireon hosted payload to the satellite platform is a major milestone for Aireon, …

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Matt Desch: Iridium Offers Satphones for ITU Relief, Rebuilding Efforts

TYSONS CORNER, VA May 22, 2015 — Iridium Communications (Nasdaq: IRDM) has donated 11 satellite phones to the International Telecommunications Union for use in first responder emergency communications and recovery missions during natural disasters, ExecutiveBiz reported Thursday. “The work ITU is doing in Nepal, as well as in other disaster-stricken areas, …

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