New Target Date for Second Iridium® NEXT Launch
Second Batch of 10 Iridium NEXT Satellites Now Scheduled for June 25th Launch from Vandenberg Air Force Base
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Dividend Yield: 0.8%
Revenue Growth %: +1.7%
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MCLEAN, Va., May 25, 2017 (GLOBE NEWSWIRE) -- Iridium Communications (NASDAQ: IRDM) today announced the second launch for the Iridium NEXT satellite constellation has been moved earlier, and is now targeted for June 25, 2017 at 1:24:59 PDT with an instantaneous launch window. SpaceX informed Iridium that range availability had opened up at Vandenberg Air Force Base (VAFB) in California, where SpaceX’s west coast launch facility is located, and planned to target Iridium’s launch four days earlier than originally scheduled. This launch will deliver the second payload of 10 Iridium NEXT satellites to orbit, bringing the total to 20 Iridium NEXT satellites in space.
“We’re excited for this next launch,” said Matt Desch, chief executive officer, Iridium. “Satellites have already started to arrive at the launch site and are undergoing pre-launch preparations, so we’ll be ready to go. An earlier launch date is all the better for our constellation deployment plans.”
Iridium has partnered with SpaceX for a series of eight launches scheduled to take place through mid-2018, delivering a total of 75 satellites to low-Earth orbit. Iridium NEXT is replacing the Company’s existing constellation of satellites with more powerful capabilities, including Aireon’s space-based global real-time aircraft surveillance and tracking service.
For more information and up-to-date information about Iridium NEXT, please visit www.IridiumNEXT.com .
About Iridium Communications Inc.Iridium is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. The company has a major development program underway for its next-generation network — Iridium NEXT. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the NASDAQ Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services and partner solutions, visit www.iridium.com.
Media contact: Jordan Hassin Iridium Communications Inc. +1 (202) 232-6601 [email protected] Twitter: @Iridiumcomm Investor Contact: Kenneth Levy Iridium Communications Inc. +1 (703) 287-7570 [email protected] Twitter: @IridiumIRSource: Iridium Communications
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