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Iridium Comm - IRDM STOCK NEWS

Welcome to our dedicated page for Iridium Comm news (Ticker: IRDM), a resource for investors and traders seeking the latest updates and insights on Iridium Comm stock.

Overview

Iridium Communications Inc. (IRDM) is a specialized provider of truly global mobile satellite voice and data communications. Leveraging a sophisticated constellation of low Earth orbit (LEO) satellites, Iridium offers uninterrupted connectivity that spans pole to pole, ensuring secure and reliable communications in regions beyond the reach of terrestrial networks. Industry keywords such as 'satellite communications', 'global connectivity', and 'LEO networks' are fundamental to its operations.

Business Operations and Market Position

Iridium’s business is centered on delivering mission-critical communication services that support a wide range of sectors including maritime, aviation, defense, public safety, utilities, transportation, and industrial applications. The company generates revenue primarily through recurring service subscriptions, as well as through equipment sales and engineering support projects. With its capability to deliver both voice and data communications, Iridium’s network is uniquely positioned to provide connectivity in even the most remote or challenging environments.

Technological Innovation and Network Capabilities

At the core of Iridium’s operations is its state-of-the-art satellite constellation, designed for robust, real-time connectivity across the globe. By utilizing a cross-linked LEO architecture, the company overcomes traditional limitations of line-of-sight communications seen in geostationary systems. This technical advantage ensures low-latency, secure, and weather-resilient quality, making it a trusted solution for both commercial enterprises and government agencies. Additionally, Iridium’s commitment to innovation is evident in its development of next-generation IoT modules and integration of NB-IoT standards for non-terrestrial networks, which enable seamless integration with modern cellular devices and emerging technologies.

Industry Applications

Iridium’s satellite communications network is critical to various industries that require unwavering connectivity and operational reliability. Maritime communications benefit from the implementation of global safety and distress systems ensuring adherence to international maritime standards. In aviation, the network supports secure mobile communications for efficient flight operations across regions lacking terrestrial infrastructure. Furthermore, the solutions provided by Iridium play a pivotal role in defense and emergency response scenarios, where secure and immediate data exchange can be a matter of life and death.

Government and Defense Integration

The company has established long-term relationships with government agencies and defense organizations, underlining its capability in delivering secure communication services. With contracts that cater to enhanced mobile satellite services and support for critical military operations, Iridium stands as a vital partner in national security infrastructures. Its technology is integral to the operational success of its governmental customers, further reinforcing the company’s reputation and market significance.

Commitment to Quality and Reliability

Iridium is synonymous with reliability and innovation. The company’s global network is engineered to perform under the most challenging conditions, thereby providing consistent, secure connectivity. With a broad ecosystem of partners and distributors, Iridium ensures that its communications services are accessible across various industries and geographies. This commitment to quality is continually demonstrated by its rigorous technical standards and ongoing enhancements in satellite technology.

Conclusion

In summary, Iridium Communications Inc. is a specialized enterprise providing indispensable global satellite communications solutions. Its extensive LEO satellite network and advanced technological implementations make it a cornerstone for industries ranging from maritime and aviation to defense and emergency services. The company’s dedication to reliable, secure, and innovative communications underscores its critical role in today’s interconnected world, offering robust solutions that are essential for both commercial and governmental operations.

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Iridium Communications Inc. (IRDM) secures a new five-year commercial contract with L3Harris Technologies for the Iridium Satellite Time and Location service, providing timing sync to data center facilities across the U.S. The deployment includes Adtran's Oscilloquartz devices for network synchronization, ensuring reliable and resilient operations for critical infrastructure applications.
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Iridium Communications Inc. (IRDM) completes the acquisition of Satelles, Inc., becoming a leader in secure satellite-based time and location services. The new Iridium Satellite Time and Location (STL) service enhances GPS security for critical infrastructure, data centers, 5G base stations, and various sectors.
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Iridium Communications Inc. (IRDM) will host a conference call on April 18, 2024, to discuss its first-quarter 2024 financial results. The earnings press release will be available on the company's website. Participants can dial in or join the webcast for the call.
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Iridium Communications Inc. announces Cosco Shipping's installation of Iridium Global Maritime Distress and Safety System terminals on its vessels, enhancing safety and communication capabilities for the world's largest fleet. The partnership ensures reliable distress and safety communications for maritime transportation, benefiting the global economy.
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Iridium Communications Inc. (IRDM) acquires Satelles, Inc. to enhance global PNT solutions, targeting critical infrastructure. The acquisition of Satellite Time and Location (STL) aims to protect against GNSS vulnerabilities and improve timing systems for digital infrastructure. The $3.5 billion PNT services market is shifting towards small-form-factor devices. Iridium plans to expand STL adoption in autonomous systems, consumer devices, and traditional markets like aviation and maritime. The acquisition is expected to generate over $100 million in service revenue by 2030.
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Iridium Communications Inc. (IRDM) partners with the Republic of Korea Ministry of Defense to enhance military operations using Iridium connectivity. Arion Communication Co. Ltd. supports the implementation by providing over 1,000 Iridium Connected™ SAT-PRE devices. The partnership aims to improve data tracking, communication, and operational efficiency for the ROK Army.
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Iridium Communications Inc. (IRDM) executives will participate in two upcoming investor conferences in March 2024. The Raymond James 45th Annual Institutional Investors Conference on March 4th and the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference on March 12th. Both presentations will be webcast on Iridium's Investor Relations website for seven days.
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Iridium Communications Inc. extends the estimate of useful life of satellites by five years, reporting strong financial results for Q4 and full-year 2023. The company achieved a net income of $38.0 million in Q4 2023, compared to a net loss in Q4 2022, with Operational EBITDA reaching $114.1 million, a 7% increase year-over-year. Total revenue for Q4 was $194.7 million, with service revenue contributing $148.0 million. Iridium ended the year with 2,279,000 total billable subscribers, a 14% increase from the previous year. Full-year 2023 saw net income of $15.4 million, a 10% increase in total revenue to $790.7 million, and OEBITDA of $463.1 million, up by 9% from the prior year.
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Iridium Communications Inc. will host a conference call on February 15, 2024, to discuss its fourth-quarter 2023 financial results. The earnings press release will be available on the investor relations page of the company's website. Participants can join the teleconference by dialing 1-412-902-6740. The call will also be webcast on the events page of the company's website. A replay of the webcast will be available for those unable to participate in the live call.
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Iridium Communications Inc. (NASDAQ: IRDM) announces Project Stardust, introducing NB-IoT NTN standards into its LEO constellation. The company aims to offer both proprietary and standardized D2D and IoT services to its customers, collaborating with smartphone companies, OEMs, chipmakers, and mobile network operators. Iridium is designing its initial NB-IoT offering to support 5G NTN messaging and SOS capabilities for various consumer applications, providing a superior low-latency LEO user experience.
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FAQ

What is the current stock price of Iridium Comm (IRDM)?

The current stock price of Iridium Comm (IRDM) is $23.77 as of April 18, 2025.

What is the market cap of Iridium Comm (IRDM)?

The market cap of Iridium Comm (IRDM) is approximately 2.6B.

What core services does Iridium Communications Inc. provide?

Iridium delivers mobile voice and data satellite communication services using a robust low Earth orbit constellation, providing global coverage even in remote areas.

How does Iridium ensure global connectivity?

The company operates a cross-linked LEO satellite network which enables continuous and reliable communication across every region of the globe without reliance on terrestrial infrastructure.

Which industries benefit from Iridium's services?

Iridium serves a diverse range of markets including maritime, aviation, defense, public safety, transportation, utilities, and various industrial applications.

What technological innovations is Iridium known for?

Iridium is recognized for its advanced satellite communication technologies, including the integration of NB-IoT standards, development of compact IoT modules, and the deployment of reliable, low-latency communication systems.

How does Iridium support government and defense needs?

Through secure and reliable communication solutions, long-standing government contracts, and specialized services designed for mission-critical operations, Iridium plays a significant role in supporting the requirements of defense and governmental agencies.

What sets Iridium's satellite network apart from others?

Iridium’s unique LEO constellation provides global, weather-resilient coverage with low-latency connections, overcoming the limitations of geostationary satellite networks and ensuring dependable service in remote scenarios.

How are IoT applications integrated into Iridium's offerings?

Iridium has developed IoT modules and leverages standardized NB-IoT technologies, enabling seamless connectivity for machine-to-machine communications, remote monitoring, and other industrial IoT applications.

What is the significance of Iridium's global network?

The ability to provide continuous global coverage makes Iridium a critical infrastructure component for clients who require secure and persistent communication capabilities in every corner of the world.
Iridium Comm

Nasdaq:IRDM

IRDM Rankings

IRDM Stock Data

2.64B
95.26M
12.1%
92.45%
9.41%
Telecom Services
Communications Equipment, Nec
Link
United States
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