23.98 -0.04 (-0.17%)
After hours: 7:02PM EDT
|Bid||24.00 x 1400|
|Ask||23.98 x 1200|
|Day's Range||23.84 - 24.35|
|52 Week Range||16.64 - 28.24|
|Beta (3Y Monthly)||1.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.63|
Developed for Iridium's global network and designed to provide the fastest L-band broadband service in the industry, the C700 will deliver up to 352kbps transmission and 704kbps reception speeds through the Iridium Certus platform. Intellian's C700 terminal takes full advantage of the new capabilities made possible by Iridium Certus.
Adrian Steckel, CEO of OneWeb, believes space is a “shared resource” and calls for regulations to level the playing field.
MCLEAN, Va. , Oct. 8, 2019 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, October 29, 2019 at 8:30 a.m. Eastern Time (ET) to discuss ...
Moody's Investors Service (Moody's) affirmed Iridium Communications Inc.'s (Iridium or the Company) B2 Corporate Family Rating (CFR), the B2-PD Probability of Default Rating (PDR) and the Caa1 Senior Unsecured rating, and assigned its wholly owned subsidiary Iridium Satellite LLC's $1.55 billion senior secured first lien credit facilities a B1 rating. The facilities are expected to include a 7-year, $1.45 billion Term Loan B (due 2026) and a 5-year, $100 million Revolving credit facility (due 2024). The $100 million revolving credit will be undrawn at close.
MCLEAN, Va., Oct. 1, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) today announced that it has been awarded a 5-year, indefinite delivery/indefinite quantity (IDIQ) contract from the Defense Information Systems Agency on behalf of the United States Air Force Space Command (AFSpC) with potential revenues up to $76 million. Known as the Gateway Evolution Contract (GEC), this contract enables ongoing innovation and critical enhancements for the U.S. Government's dedicated Iridium gateway. It will enable adoption of the latest technology upgrades, both hardware and software, necessary to address emerging warfighter requirements and to ensure continued operations with the latest state-of-the-art satcom-based capabilities. The GEC is one of a trio of Iridium government gateway related contracts, which also includes the Gateway Maintenance and Support Service contract (GMSS), which is responsible for ensuring day-to-day peak operational performance of the facility, and the Enhanced Mobile Satellite Services Airtime Contract (EMSS), which provides unlimited voice, text and data services to the Department of Defense (DoD) and associated federal government partners through the government gateway. The previous iteration of the GEC was known as the Gateway Modernization Efforts contract (GME) and enabled the U.S. Government to make the investments necessary to take full of advantage of Iridium's now recently completed satellite constellation upgrade campaign, known as Iridium® NEXT.
Today we will run through one way of estimating the intrinsic value of Iridium Communications Inc. (NASDAQ:IRDM) by...
The B1 rating on the USD 1.125 billion of bond debt reflects its pari-passu ranking with the B1 rated USD2.7 billion term loan B and the B1 rated USD700 million of revolving Credit Facility (RCF, due 2024) being issued by the same entities.
MCLEAN, Va. and LONDON, Sept. 17, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) and OneWeb today announced they have entered into a Memorandum of Understanding (MoU) to work together toward a combined service offering. This combined service offering would be designed to make it easier for their mutual partners to offer unique bundling and co-marketing opportunities for the Iridium Certus® L-band services and OneWeb's Ku-band service. The MoU also creates opportunities for companies that manufacture both OneWeb and Iridium CertusTM terminals.
MCLEAN, Va. , Sept. 16, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that it has been awarded a $738.5 million , seven-year, fixed-price contract with the United States ...
The LT-4200 will be one of the first terminals to support the Iridium Certus 200 service class as Lars Thrane becomes the third Iridium Certus™ maritime terminal manufacturer MCLEAN, Va. , Sept. 12, 2019 ...
Moody's Investors Service ("Moody's") has today assigned a B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to Connect Bidco Limited ('Connect Bidco'), the top-entity of the ring-fenced group that will acquire and ultimately own Inmarsat plc ('Inmarsat') (Connect Bidco Limited is a joint venture company formed by private equity groups Apax and Warburg Pincus alongside Canada's CPPIB and Ontario Teachers' Pension Plan Board). The agency has also assigned B1 ratings to the USD2.7 billion term loan B (due 2026) and USD700 million of revolving Credit Facility (RCF, due 2024) being issued by Connect Finco Sarl and Connect U.S. Finco LLC (a newly formed entity to be a subsidiary of Connect Bidco) in order to pre-fund the acquisition transaction expected to be completed before year-end 2019.
MCLEAN, Va., Sept. 3, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) today announced Thales as the newest Iridium Certus aviation service provider. While already developing the Iridium Certus-based FlytLINK terminal and antenna, Thales will now be able to offer both Iridium Certus terminals and Iridium Certus connectivity services to business jets, commercial aircraft, rotorcraft, general aviation and UAVs. Iridium Certus is the only L-band broadband platform providing truly global connectivity and upon aviation terminal availability, will provide a state-of-the-art solution for two-way flight deck and business cabin communications.
MCLEAN, Va., Aug. 21, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) today announced the first 10 approved beta partners developing new products based on the state-of-the-art Iridium Certus 9770 transceiver. Each partner has received operational beta units, which have been undergoing extensive testing designed to fine-tune both the new transceiver and the first new solutions they will enable in preparation for service activation.
Per the deal with Stratosat Datacom , Intelsat S.A. (I) will provide high-speed broadband services for seamless Internet and Virtual Private Networking connectivity across the region.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
MCLEAN, Va., July 30, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) announced today that the International Monohull Open Class Association (IMOCA), has named Iridium as their Official Communications Partner for the 2019-2021 race season. IMOCA has also chosen Thales as its partner and sole provider of Iridium Certus L-band broadband equipment and will equip the IMOCA racing fleet with their VesseLINK connectivity solution. From June 2019 to June 2021, IMOCA race teams will rely upon Iridium Certus® as their primary means of satellite communication.