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Tag Archives: Matt Desch

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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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 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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Iridium CEO Matt Desch Discusses Journey to Public Trading

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 …

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Iridium Communications Secures $1.8 Billion in Financing for Satellites; CEO Matt Desch Comments

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 …

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