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Iridium still owes $1,630,000,000 under the BPIAE credit facility according to a 2019-07-23 SEC filing.
In 2018 U.S. government customers generated $105,700,000 of Iridium’s $523,000,000 in revenue, about 20% of the company’s total revenue for the year.
Iridium plans to invest around $10–12 million over the next three years to upgrade a gateway station in Hawaii dedicated to U.S. government services.
Some 125,000 subscribers use Iridium services under the Enhanced Mobile Satellite Services contract.
Iridium Next is a second-generation constellation that finished deployment in January and cost about $3,000,000,000 to build.
Iridium’s 2013 mobile services contract was worth $400 million, or roughly $80,000,000 per year.
The International Telecommunication Union deployed 50 satellite phones from Iridium and broadband terminals from Inmarsat to the Bahamas after Hurricane Dorian.
Iridium CEO Matt Desch warned that if megaconstellations launch thousands of satellites and 10% malfunction, those failures could create hazardous debris in low Earth orbit.
On 2019-04-09 the U.S. Department of Defense signed a one-month, $8,300,000 extension to bridge to a new multi-year EMSS agreement with Iridium.
Upgrades to the Department of Defense gateway should enable the gateway to support Iridium’s Certus connectivity products by 2020.
The 2013 EMSS contract with Iridium had a total value of $400,000,000.
Iridium received a separate Defense Department contract renewal worth up to $54,000,000 to upgrade a government-dedicated ground station in Hawaii.
Government services accounted for $22,000,000 of Iridium’s $133,700,000 in quarterly revenue.
Iridium disclosed to the U.S. Securities and Exchange Commission that it received the Hawaii ground station contract at least a month before 2019-04-22.
Iridium provides unlimited voice and data satellite communications services to the U.S. Department of Defense through a five-year EMSS contract awarded in late 2013.
Peraton supports roughly 150 to 200 hosted payloads on the Iridium Next constellation, including 75 Aireon aircraft-tracking payloads.
A Global Industry Perspectives panel featuring executives from Mitsubishi Heavy Industries, Boeing, Thales Alenia Space, Lockheed Martin, Planet and Iridium Communications is scheduled on Thursday from 8:45 a.m. to 9:45 a.m.
Iridium partnered with Dutch startup Hiber in September 2017 to work together on IoT services.
Aireon borrowed $200,000,000 in December through a Deutsche Bank-led group of investor funds and used those funds to start paying Iridium overdue fees for hosting its sensor network.
SpaceX launched all 75 Iridium Next satellites between January 2017 and January 2019.