Hello, Guest!
  • Thursday, December 26, 2024

Matt Desch: 1st-Gen Iridium NEXT Constellation in Good Health, New Satellites Launch in July


Matt Desch
Matt Desch

TYSONS CORNER, VA, May 4, 2016 ” Iridium Communications (Nasdaq: IRDM) will proceed with the planned July launch of the first 10 satellites in its second-generation Iridium NEXT constellation, ExecutiveBiz reported Monday.

Space News reported Friday that the initial launch aboard a SpaceX Falcon 9 rocket will be followed by six other 10-satellite launches through late 2017.

Iridium CEO Matt Desch has said in a call with investors that the company completed a recent review of its existing constellation in space and found it to be in good health even beyond its original retirement date.

Desch is an inductee into Executive Mosaic‘s Wash100 for 2016.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
[email protected]

Video of the Day

Related Articles

Iridium Reports Q1 2024 Results, Completes 1st Ever Acquisition; Matt Desch Quoted Financial Reports

Iridium Reports Q1 2024 Results, Completes 1st Ever Acquisition; Matt Desch Quoted

Iridium Communications (Nasdaq: IRDM) presented its Q1 2024 financial results, in which total revenue reacched $203.9 million, although slightly lower by 0.7 percent from a year ago. Notably, the voice and data satellite communications provider’s net income increased 101.1 percent year-over-year to $19.65 million, while the subscriber base grew 7 percent compared to Q1 2023, Iridium said

Iridium Unveils Satellite Time & Location Service, Closes Satelle Purchase; Matt Desch Quoted M&A Activity

Iridium Unveils Satellite Time & Location Service, Closes Satelle Purchase; Matt Desch Quoted

McLean, Virginia-based Iridium Communications (Nasdaq: IRDM) has closed its purchase of Satelles and launched a satellite-based time and location service as part of its portfolio of offerings. The Iridium Satellite Time and Location service works indoors and is designed to safeguard GPS and other Global Navigation Satellite Systems-reliant platforms from jamming, spoofing and other vulnerabilities

Iridium to Buy Satelles in Assured PNT Service Expansion Push; Matt Desch Quoted M&A Activity

Iridium to Buy Satelles in Assured PNT Service Expansion Push; Matt Desch Quoted

McLean, Virginia-based Iridium Communications (Nasdaq: IRDM) has agreed to purchase Satelles for approximately $115 million as part of efforts to expand its portfolio of assured positioning navigation and timing services. Satelles is a Reston, Virginia-based provider of satellite-based time and location services that work to complement and safeguard GPS and other Global Navigation Satellite Systems-reliant