Iridium Communications

VirnetX Announces Strategic Defense Advisory Board

Retrieved on: 
Tuesday, April 23, 2024
ZEPHYR, Mobilization, Iridium Communications, Department of Defence, Security agency, Leaf, Unitary state, King's College London, Policy, Security, Knowledge, United States Strategic Command, Air force, Intelligence, VirnetX, VHC, King, Assistant, United States Air Force, Social science, Navigation, Advisory board, Commission, Data management, Foreign policy, PACOM, Pentagon, Government, Space Operations Command, State, Northrop Grumman, Congress, South Korea, Rocket, Council, Commander, Electronics, Acquisition, Management

ZEPHYR COVE, Nev., April 22, 2024 /PRNewswire/ -- VirnetX Holding Corporation (NYSE: VHC) today announced that it has established an advisory board comprised of four retired senior U.S. Air Force leaders. The board will assist and advise on business development and operational direction of VirnetX's Zero Trust Network Access security technology as a necessary layer of security for defense communications and data management to Department of Defense government officials and commercial contractors.

Key Points: 
  • He led more than 39,700 space professionals who provided combat forces and capabilities to the North American Aerospace Defense Command and U.S. Strategic Command.
  • He is a former member of the President's Commission on Position, Navigation and Timing Senior Advisory Group and the US Strategic Command Senior Advisory Group.
  • He serves as Chairman of the Board of Frequency Electronics Corporation, is a board member of Boneal Aerospace Corporation, a member of the Iridium Communications Government Advisory Board, a member of General Dynamics Mission Systems Senior Advisory Group and Hera Satellite Systems Senior Advisory Group.
  • Industry experience includes RocketLab board director and several strategic advisory board positions.

MICRO-ANT PASSES KEY TEST MILESTONE FOR IRIDIUM CERTUS AIRBORNE ANTENNA

Retrieved on: 
Monday, April 22, 2024
Iridium Communications, VAM, LEO, HGA, Human, Certification, Communications satellite

JACKSONVILLE, Fla., April 22, 2024 /PRNewswire/ -- Micro-Ant, a leader in bespoke antenna design and manufacturing, has announced that its Airborne High Gain Antenna (HGA) passed a key test from Iridium Communications Inc.

Key Points: 
  • JACKSONVILLE, Fla., April 22, 2024 /PRNewswire/ -- Micro-Ant, a leader in bespoke antenna design and manufacturing, has announced that its Airborne High Gain Antenna (HGA) passed a key test from Iridium Communications Inc.
  • Achieving this milestone allows for the HGA's use with Value-Added Manufacturer (VAM) developed Iridium Certus® 700 aviation terminals.
  • The testing demonstrates that the antenna successfully tracks the Iridium® satellite constellation and switches satellites effectively, maintaining strong network signals at low elevation angles.
  • This antenna will continue to support growing the Iridium Certus satcom ecosystem, which utilizes the Iridium constellation of 66 Low-Earth Orbit (LEO) satellites.

Iridium Announces First-Quarter 2024 Results

Retrieved on: 
Thursday, April 18, 2024
Space Development Agency, Total, Investment, Recreation, Internet of things, Commercial, Department of Defence, Operational definition, Depreciation, ARPU, Desch, Iridium Communications, Transport, Human, Capital expenditure, Military personnel, Engineering, Federation, Acquisition, Location, Term loan, Share repurchase, Forestry, Mining, Government, GAAP, Growth, Aviation, Prevalence, GPS, Defense, Video game

MCLEAN, Va., April 18, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2024 and reiterated its full-year 2024 outlook. Net income was $19.7 million, or $0.16 per diluted share, for the first quarter of 2024, as compared to net income of $9.8 million, or $0.08 per diluted share, for the first quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the first quarter was $115.0 million, as compared to $111.9 million for the prior-year period, representing a year-over-year increase of 3%. Net income benefitted from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company's satellites and continued growth in total commercial services revenue.

Key Points: 
  • –        Completes acquisition of Satelles, Inc., its first ever acquisition, on April 1
    MCLEAN, Va., April 18, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2024 and reiterated its full-year 2024 outlook.
  • "Continued strong service revenue growth fueled Iridium's business results in the first quarter," said Matt Desch, CEO, Iridium.
  • Iridium paid a dividend of $0.13 per common share on March 28, 2024, resulting in a total payment of $16.1 million to stockholders.
  • The Company reiterated its full-year 2024 outlook:
    Total service revenue growth between 4% and 6% for full-year 2024.

Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure

Retrieved on: 
Tuesday, April 9, 2024
Iridium Communications, IRDM, GPS, Commercial, National Airspace System, LHX, Adtran, Federal Aviation Administration, STL, Human, Communications satellite

MCLEAN, Va., April 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new five-year commercial contract with L3Harris Technologies [NYSE: LHX] for the Iridium® Satellite Time and Location (STL) service. Under the terms of the five-year agreement, Iridium will provide the STL service to more than three dozen L3Harris-operated communications network backbone nodes and a similar number of Federal Aviation Administration (FAA) facilities throughout the United States.

Key Points: 
  • L3Harris owns and operates a private nationwide network for the FAA, providing voice, data, and video communications for the National Airspace System operations and mission support functions.
  • Timing synchronization is essential within the L3Harris communications network, especially since it supports several critical infrastructure applications.
  • Compact devices provided by Adtran's Oscilloquartz division that receive Iridium STL signals are also included in the solution for L3Harris.
  • "STL solutions offer cost-effective resiliency in critical infrastructure environments where GPS is unreliable or unavailable, so L3Harris and the FAA can benefit from uninterrupted, high-performance operations."

Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure

Retrieved on: 
Tuesday, April 9, 2024
Iridium Communications, IRDM, GPS, Commercial, National Airspace System, LHX, Adtran, Federal Aviation Administration, STL, Human, Communications satellite

MCLEAN, Va., April 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new five-year commercial contract with L3Harris Technologies [NYSE: LHX] for the Iridium® Satellite Time and Location (STL) service. Under the terms of the five-year agreement, Iridium will provide the STL service to more than three dozen L3Harris-operated communications network backbone nodes and a similar number of Federal Aviation Administration (FAA) facilities throughout the United States.

Key Points: 
  • L3Harris owns and operates a private nationwide network for the FAA, providing voice, data, and video communications for the National Airspace System operations and mission support functions.
  • Timing synchronization is essential within the L3Harris communications network, especially since it supports several critical infrastructure applications.
  • Compact devices provided by Adtran's Oscilloquartz division that receive Iridium STL signals are also included in the solution for L3Harris.
  • "STL solutions offer cost-effective resiliency in critical infrastructure environments where GPS is unreliable or unavailable, so L3Harris and the FAA can benefit from uninterrupted, high-performance operations."

Iridium Completes Satelles Acquisition; Introduces Iridium Satellite Time and Location (STL)

Retrieved on: 
Tuesday, April 2, 2024
LEO, Iridium Communications, Internet of things, IRDM, Aviation, Acquisition, GPS, Architecture, Ecosystem, STL, Engineering, GNSS, Satellite navigation device

The closing of this acquisition establishes Iridium as the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems.

Key Points: 
  • The closing of this acquisition establishes Iridium as the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems.
  • Now referred to as Iridium® Satellite Time and Location (STL), the service joins the Iridium portfolio of solutions available for direct integration by the company's ecosystem of approximately 500 partners around the world.
  • We're ready to step on the gas and expand the availability of Iridium STL to markets around the world," said Iridium CEO, Matt Desch.
  • Enabled by the Iridium satellite constellation's crosslinked LEO architecture, Iridium STL delivers truly global, secure time and location signals that are 1,000 times more powerful than GNSS constellations, works indoors and continues to work during regional GNSS system outages.

Iridium Completes Satelles Acquisition; Introduces Iridium Satellite Time and Location (STL)

Retrieved on: 
Tuesday, April 2, 2024
LEO, Iridium Communications, Internet of things, IRDM, Aviation, Acquisition, GPS, Architecture, Ecosystem, STL, Engineering, GNSS, Satellite navigation device

The closing of this acquisition establishes Iridium as the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems.

Key Points: 
  • The closing of this acquisition establishes Iridium as the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems.
  • Now referred to as Iridium® Satellite Time and Location (STL), the service joins the Iridium portfolio of solutions available for direct integration by the company's ecosystem of approximately 500 partners around the world.
  • We're ready to step on the gas and expand the availability of Iridium STL to markets around the world," said Iridium CEO, Matt Desch.
  • Enabled by the Iridium satellite constellation's crosslinked LEO architecture, Iridium STL delivers truly global, secure time and location signals that are 1,000 times more powerful than GNSS constellations, works indoors and continues to work during regional GNSS system outages.

Connected Ship Market to Reach $12,262.0 Million, Globally, by 2032 at 6.3% CAGR: Allied Market Research

Retrieved on: 
Monday, April 1, 2024
Seaspan ULC, Statistics, Iridium Communications, PDF, Competition, Communication, Partnership, Internet of things, CMA, Insight, Research report, Kongsberg Digital, CMA CGM, European, Ship, Safety, CNES, Chart, USD, Table, Shipbuilding

WILMINGTON, Del., April 1, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Connected Ship Market by Application (Fleet Operations, Vessel Traffic Management, and Fleet Health Monitoring), Installation Type (On-Board, and Onshore), and Ship Type (Commercial and Defense): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global connected ship industry size generated $6,801.3 million in 2022 and is estimated to reach $12,262.0 million by 2032, exhibiting a CAGR of 6.3% from 2023 to 2032.

Key Points: 
  • The agreement involves collaborations with other companies to leverage Seaspan's groundbreaking Digital Holoship program for their own marine technology advancements.
  • This collaboration allows Alpha Ori Technologies to integrate with Vessel Insight, Kongsberg Digital's secure vessel-to-cloud data infrastructure.
  • In May 2021, Iridium Communications Inc. introduced Iridium Certus, a dependable satellite link facilitating uninterrupted transmission of cargo and ship tracking information.
  • Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) - https://www.alliedmarketresearch.com/global-connected-ship-market/purcha...

Connected Ship Market to Reach $12,262.0 Million, Globally, by 2032 at 6.3% CAGR: Allied Market Research

Retrieved on: 
Monday, April 1, 2024
Seaspan ULC, Statistics, Iridium Communications, PDF, Competition, Communication, Partnership, Internet of things, CMA, Insight, Research report, Kongsberg Digital, CMA CGM, European, Ship, Safety, CNES, Chart, USD, Table, Shipbuilding

WILMINGTON, Del., April 1, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Connected Ship Market by Application (Fleet Operations, Vessel Traffic Management, and Fleet Health Monitoring), Installation Type (On-Board, and Onshore), and Ship Type (Commercial and Defense): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global connected ship industry size generated $6,801.3 million in 2022 and is estimated to reach $12,262.0 million by 2032, exhibiting a CAGR of 6.3% from 2023 to 2032.

Key Points: 
  • The agreement involves collaborations with other companies to leverage Seaspan's groundbreaking Digital Holoship program for their own marine technology advancements.
  • This collaboration allows Alpha Ori Technologies to integrate with Vessel Insight, Kongsberg Digital's secure vessel-to-cloud data infrastructure.
  • In May 2021, Iridium Communications Inc. introduced Iridium Certus, a dependable satellite link facilitating uninterrupted transmission of cargo and ship tracking information.
  • Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) - https://www.alliedmarketresearch.com/global-connected-ship-market/purcha...

Iridium Announces Release Date for First-Quarter 2024 Financial Results

Retrieved on: 
Thursday, March 28, 2024
Webcast, Iridium Communications, Iridium

MCLEAN, Va., March 28, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, April 18, 2024 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2024 financial results.

Key Points: 
  • MCLEAN, Va., March 28, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, April 18, 2024 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2024 financial results.
  • In advance of the call on April 18, 2024, Iridium will issue its first-quarter 2024 earnings press release, which will be available on the investor relations page of the Company's website.
  • To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call.
  • Please dial in five minutes prior to the scheduled start time to help ensure the conference call begins in a timely manner.