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Tag Archives: Matt Desch

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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Iridium 1Q Gov’t Service Revenue Up 13%; Matt Desch on Company’s New Air Traffic Pacts

Iridium Communications (NASDAQ: IRDM) has announced financial results for the first quarter of its 2015 fiscal year ended March 31, 2014. The McLean, Va.-based satellite services provider reported a year-over-year revenue increase of 13 percent in its government services segment to $18 million,  activity Iridium attributed to the company’s $400 million …

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Matt Desch: Startups’ Microsatellites Plans Present Innovation Possibilities, Challenges for Industry

TYSONS CORNER, VA March 30, 2015 — Executive Mosaic — Iridium Communications (Nasdaq: IRDM) CEO Matt Desch said recent startups’ plans to build constellations of microsatellites to expand global Internet connectivity present both “interesting innovation” possibilities as well as challenges to the satellite community, ExecutiveBiz reported Friday. He noted that the …

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Matt Desch Selected to Wash100 for Leadership in Global Satellite Communications

Executive Mosaic, Tysons Corner, VA March 18, 2015 – Matt Desch, who heads mobile satellite services company Iridium, has been inducted into Executive Mosaic’s Wash100 list of the most influential leaders in GovCon for his leadership role in global satellite communications. The Wash100 is the premier group of private and public sector …

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Matt Desch: Iridium Seeks to Expand Broadband Service Diversity Through Thales Partnership

TYSONS CORNER, VA March 12, 2015 — Executive Mosaic — Executive Biz reported Wednesday on Iridium Communications’ partnership agreement with Thales allowing the latter to develop the Certus broadband service. Thales becomes the latest to join Iridium’s manufacturing partner network that also includes Rockwell Collins, L-3, ICG and Cobham SatCom, Iridium said …

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