Home / Tag Archives: NASDAQ: IRDM

Tag Archives: NASDAQ: IRDM

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 …

Read More »

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 …

Read More »

Iridium Picks Thomas Hickey to Lead Legal Efforts

Iridium Communications (NASDAQ: IRDM) has hired Thomas D. Hickey to the role of chief legal officer. Most recently, Hickey served as general counsel and corporate secretary at Primus Telecommunications Group. “Tom is a seasoned executive with a strong legal and management background in helping to grow innovative companies in the …

Read More »

Lockheed Pens Iridium NEXT Subcontract; Matt Desch Comments

Thales Alenia Space awarded a contract to Lockheed Martin (NYSE: LMT) to oversee payload application software for the Iridium NEXT satellites. Thales Alenia Space is the prime contractor for Iridium NEXT, the next-generation satellite constellation being designed, built and launched for Iridium (NASDAQ: IRDM). Iridium NEXT, the replacement for the …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »