IRIDIUM COMMUNICATIONS INC.

(IRDM)
  Report
Real-time Estimate Cboe BZX  -  05/25 12:59:48 pm EDT
36.29 USD   +0.11%
05/19IRIDIUM COMMUNICATIONS INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/18Iridium Names Kay Sears to Board of Directors
PR
05/18Iridium Communications Inc. Names Kay Sears to Board of Directors
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Iridium Communications Inc. Awards Research and Development Contract Worth Up to $30 Million by United States Army

06/24/2021 | 08:00am EDT

Iridium Communications Inc. announced it has been awarded a research and development contract worth up to $30 million by the United States Army (Army) to develop a payload to be hosted on small satellites that supports navigation systems, guidance and control for the global positioning system (GPS) and GPS-denied precision systems. The new experimental Iridium payload is intended to be hosted by another Low Earth Orbit (LEO) commercial satellite constellation, complementing the Iridium® constellation's capabilities. Through this contract the Army intends to develop this payload to support the concept of a rapidly deployable smallsat constellation to provide more effective sensor-to-soldier data transmission when in the field. The development of this new payload is based on Iridium Burst® technology, a unique service that can transmit data to millions of enabled devices at a time from space. The U.S. Department of Defense (DoD) and Iridium have partnered for more than 20 years, with hundreds of thousands of U.S. government subscribers utilizing Iridium push-to-talk (PTT), voice, IoT, L-band broadband and Iridium Burst services. The continuing growth in adoption of Iridium services also brings increased collaboration between the government and Iridium's ecosystem of partners, that bring their knowledge to help further complement and advance the DoDs SATCOM capabilities. For this contract, Iridium partners Satelles and SEAKR will bring their expertise as subcontractors to assist with development. This research and development project was enabled through an "Other Transaction Agreement" (OTA) in support of the Army and was entered into between Advanced Technology International (ATI) and Iridium under the authority of the Aviation and Missile Technology Consortium (AMTC). The OTA was developed through the authority of the Department of Defense to carry out these types of prototype projects and to further streamline the process for adopting new technology solutions from various industries.


© S&P Capital IQ 2021
All news about IRIDIUM COMMUNICATIONS INC.
05/19IRIDIUM COMMUNICATIONS INC. : Submission of Matters to a Vote of Security Holders (form 8-..
AQ
05/18Iridium Names Kay Sears to Board of Directors
PR
05/18Iridium Communications Inc. Names Kay Sears to Board of Directors
CI
04/19Iridium Communications Swings to Q1 Profit, Reiterates Service Revenue Outlook -- Share..
MT
04/19TRANSCRIPT : Iridium Communications Inc., Q1 2022 Earnings Call, Apr 19, 2022
CI
04/19Iridium Communications Swings to Q1 Profit as Revenue Rises, Reiterates FY2022 Outlook
MT
04/19IRIDIUM COMMUNICATIONS : ANNOUNCES FIRST-QUARTER 2022 RESULTS - Form 8-K
PU
04/19IRIDIUM : Q1 Earnings Snapshot
AQ
04/19Earnings Flash (IRDM) IRIDIUM COMMUNICATIONS Posts Q1 Revenue $168.2M, vs. Street Est o..
MT
04/19IRIDIUM COMMUNICATIONS INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIO..
AQ
More news
Analyst Recommendations on IRIDIUM COMMUNICATIONS INC.
More recommendations
Financials (USD)
Sales 2022 677 M - -
Net income 2022 9,53 M - -
Net Debt 2022 1 280 M - -
P/E ratio 2022 564x
Yield 2022 -
Capitalization 4 640 M 4 640 M -
EV / Sales 2022 8,74x
EV / Sales 2023 8,40x
Nbr of Employees 540
Free-Float 89,9%
Chart IRIDIUM COMMUNICATIONS INC.
Duration : Period :
Iridium Communications Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IRIDIUM COMMUNICATIONS INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 36,25 $
Average target price 51,20 $
Spread / Average Target 41,2%
EPS Revisions
Managers and Directors
Matthew J. Desch Chief Executive Officer & Director
Thomas J. Fitzpatrick Chief Financial & Administrative Officer, Director
Robert H. Niehaus Director
Gregory Pelton Chief Technical Officer
Manjula Sriram Chief Information Officer & Vice President
Sector and Competitors