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Tag Archives: Matt Desch

Iridium Unveils Turnkey Payload Services Program; Matt Desch Comments

Iridium Communications (NASDAQ: IRDM) has launched a turnkey program intended to provide customers new hosted payload opportunities for space missions. The Prime initiative seeks to offer customers a suite of launch, ground infrastructure, high-speed inter-satellite links, two-way payload control and global coverage services, Iridium said Monday. David Anhalt, a retired …

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Scott Smith Promoted to COO, Thomas Fitzpatrick Adds CAO Title at Iridium; Matt Desch Comments

Scott Smith and Thomas Fitzpatrick have been promoted respectively to chief operating officer and chief administrative officer at Iridium Communications (NASDAQ: IRDM). Fitzpatrick will continue to serve as the company’s chief financial officer and both executives have been appointed to the board of directors, Iridium announced Friday. The board now comprises …

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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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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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