Public Employees Retirement System of Ohio ve druhém čtvrtletí koupil novou pozici v Iridium Communications za zhruba 1,586 milionu USD. Firma nakoupila 28 918 akcií.
Public Employees Retirement System of Ohio purchased a new position in shares of Iridium Communications Inc (NASDAQ:IRDM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,918 shares of the technology company’s stock, valued at approximately $1,586,000.
A number of other hedge funds also recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position in shares of Iridium Communications by 107.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock worth $25,000 after buying an additional 741 shares during the period. Larson Financial Group LLC raised its holdings in shares of Iridium Communications by 392.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Iridium Communications in the 4th quarter valued at about $27,000. CIBC Private Wealth Group LLC acquired a new position in shares of Iridium Communications in the 3rd quarter valued at about $32,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Iridium Communications by 10,363.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,988 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,969 shares during the period. Institutional investors and hedge funds own 84.36% of the company’s stock.
Insider Buying and Selling at Iridium Communications In other news, insider Kathleen Morgan sold 33,192 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $50.35, for a total value of $1,671,217.20. Following the completion of the transaction, the insider directly owned 124,871 shares in the company, valued at approximately $6,287,254.85. This represents a 21.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Fitzpatrick sold 209,233 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $50.22, for a total transaction of $10,507,681.26. Following the sale, the director directly owned 58,306 shares of the company’s stock, valued at approximately $2,928,127.32. The trade was a 78.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 375,919 shares of company stock valued at $18,878,997. 2.70% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades A number of analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Iridium Communications from $26.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iridium Communications in a research note on Friday, July 10th. William Blair lowered shares of Iridium Communications from an “outperform” rating to a “hold” rating in a research report on Monday, June 29th. New Street Research raised shares of Iridium Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. Finally, Oppenheimer lifted their target price on shares of Iridium Communications from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Iridium Communications has a consensus rating of “Hold” and an average target price of $38.67. View Our Latest Analysis on IRDM
Iridium Communications Price Performance IRDM stock opened at $47.21 on Tuesday. The firm has a market cap of $5.00 billion, a P/E ratio of 53.65, a price-to-earnings-growth ratio of 3.81 and a beta of 0.87. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.31 and a current ratio of 2.78. Iridium Communications Inc has a 1 year low of $15.65 and a 1 year high of $57.18. The stock has a 50-day simple moving average of $48.66 and a 200-day simple moving average of $41.05.
Iridium Communications (NASDAQ:IRDM – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). The company had revenue of $225.24 million for the quarter, compared to analyst estimates of $220.32 million. Iridium Communications had a return on equity of 22.57% and a net margin of 10.55%.The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. On average, equities analysts predict that Iridium Communications Inc will post 0.95 earnings per share for the current fiscal year.
Iridium Communications Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Iridium Communications’s payout ratio is presently 68.18%.
(Free Report)
Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).
Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.
Further Reading Five stocks we like better than Iridium Communications 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding IRDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iridium Communications Inc (NASDAQ:IRDM – Free Report).
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Furuno uvede SOLION-100 pro Iridium GMDSS, který v jednom terminálu spojuje GMDSS, SSAS a LRIT pro nové i retrofitované lodě. Komerčně má být pro retrofit dostupný koncem roku 2026, u novostaveb má dostupnost následovat v roce 2027.
Furuno Unveils New SOLION-100 Terminal for Iridium GMDSS PR Newswire
HAMBURG, Germany, Sept. 1, 2026
The SOLION-100 combines GMDSS, Ship Security Alert System and Long-Range Identification and Tracking capabilities in a single Iridium Certus 100 terminal for newbuild and retrofit vessels.
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, aircraft surveillance, and positioning, navigation, and timing (PNT) satellite services, and Furuno Electric Co., Ltd. today announced Furuno will offer its new SOLION-100 terminal for Iridium GMDSS. This new Furuno maritime safety terminal is built on Iridium® Certus 100 technology and integrates GMDSS, Ship Security Alert System (SSAS) and Long-Range Identification and Tracking (LRIT) capabilities in a single platform.
Iridium GMDSS entered service in 2020 following recognition by the International Maritime Organization (IMO), becoming the first new provider of satellite GMDSS services since the system was established. It delivers regulated maritime distress and safety communications through Iridium's low-Earth orbit (LEO) satellite network, with global coverage, including the polar regions.
Furuno's addition of Iridium GMDSS to its portfolio gives shipowners and shipyards greater choice in selecting maritime safety equipment for newbuild and retrofit vessels.
"Furuno has been committed to supporting safer navigation at sea for decades, and maritime safety remains at the heart of what we do," said Kiyoshi Furuno, Head of Marine Electronic Products Division and Sales Management Department General Manager, Furuno. "The new SOLION-100 terminal for Iridium GMDSS allows us to strengthen our safety communications portfolio and provide customers with LEO satellite GMDSS technology alongside the Furuno navigation and communications systems they already rely on."
"Furuno has a long history of supporting maritime safety, and its addition of Iridium GMDSS brings together that expertise with the global coverage of the Iridium network," said Wouter Deknopper, vice president and general manager, maritime, Iridium. "Together, we are giving shipowners and shipyards another way to equip vessels with reliable maritime safety communications, including in the polar regions."
Iridium GMDSS is designed to support crews throughout a maritime safety event, from receiving navigational and meteorological warnings through Iridium SafetyCast® to initiating a distress alert and establishing Safety Voice communications with a Rescue Coordination Center. A single-button distress alert transmits the vessel's identification, status and position, while Safety Voice enables crews to communicate directly with rescue authorities to provide additional information about the situation.
The SOLION-100 is expected to be commercially available for retrofit applications in late 2026, with availability for newbuild projects expected to follow in 2027.
Iridium is exhibiting this week at SMM Hamburg. Visit booth Hall B6 Stand 313 to learn more about Iridium PNT, Iridium GMDSS, and other critical maritime safety services.
For more information about Iridium GMDSS, visit https://www.iridium.com/gmdss.
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
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BlackRock Inc. bought a new stake in Iridium Communications Inc (NASDAQ:IRDM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,447,338 shares of the technology company’s stock, valued at approximately $737,587,000. BlackRock Inc. owned approximately 12.69% of Iridium Communications as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in shares of Iridium Communications by 107.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock worth $25,000 after acquiring an additional 741 shares in the last quarter. Larson Financial Group LLC raised its holdings in Iridium Communications by 392.8% during the third quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,202 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Iridium Communications during the 4th quarter worth approximately $27,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Iridium Communications during the 3rd quarter worth approximately $32,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Iridium Communications by 10,363.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,988 shares of the technology company’s stock valued at $35,000 after buying an additional 1,969 shares in the last quarter. Hedge funds and other institutional investors own 84.36% of the company’s stock.
Iridium Communications Trading Up 1.1% Shares of IRDM stock opened at $48.98 on Friday. The business’s 50 day moving average is $48.16 and its two-hundred day moving average is $38.88. Iridium Communications Inc has a twelve month low of $15.65 and a twelve month high of $57.18. The company has a market capitalization of $5.19 billion, a P/E ratio of 55.66, a price-to-earnings-growth ratio of 3.95 and a beta of 0.88. The company has a current ratio of 2.78, a quick ratio of 2.31 and a debt-to-equity ratio of 3.70.
Iridium Communications (NASDAQ:IRDM – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). Iridium Communications had a return on equity of 22.57% and a net margin of 10.55%.The company had revenue of $225.24 million for the quarter, compared to analysts’ expectations of $220.32 million. During the same quarter last year, the company earned $0.20 EPS. Iridium Communications’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts forecast that Iridium Communications Inc will post 0.95 EPS for the current year. Iridium Communications Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. Iridium Communications’s dividend payout ratio is presently 68.18%.
Insider Buying and Selling In other Iridium Communications news, EVP Timothy James Last sold 19,521 shares of Iridium Communications stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.34, for a total value of $982,687.14. Following the sale, the executive vice president owned 93,413 shares of the company’s stock, valued at approximately $4,702,410.42. The trade was a 17.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy Kapalka sold 13,473 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.51, for a total value of $680,521.23. Following the transaction, the chief accounting officer owned 35,731 shares in the company, valued at $1,804,772.81. The trade was a 27.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 375,919 shares of company stock worth $18,878,997. 2.70% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth A number of research firms recently issued reports on IRDM. BWS Financial restated a “sell” rating and set a $16.00 price target on shares of Iridium Communications in a research note on Monday, April 27th. New Street Research raised Iridium Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. Oppenheimer lifted their target price on shares of Iridium Communications from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Finally, William Blair downgraded shares of Iridium Communications from an “outperform” rating to a “hold” rating in a research report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.67.
Get Our Latest Research Report on IRDM
(Free Report)
Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).
Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.
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Key Takeaways Iridium's service revenues rose 4% and made up 72% of sales as billable subscribers increased 6%.New platforms target IoT, navigation and aviation markets, expanding Iridium's addressable opportunities.Softer earnings, added debt and deal uncertainty make Iridium's premium valuation harder to defend. Iridium Communications Inc. (IRDM - Free Report) combines recurring service revenues with expanding satellite Internet of Things adoption and new platforms for communications, navigation and aviation markets.
Those opportunities strengthen the long-term case, but weaker earnings, higher leverage and transaction uncertainty raise the hurdle for investors. The stock’s premium valuation also leaves less room for execution setbacks.
Iridium's Recurring Revenue Supports the Bull CaseService revenues increased 4% year over year in the second quarter of 2026 and represented 72% of total revenues. Iridium ended the period with 2.627 million billable subscribers, up 6%, led by commercial Internet of Things growth.
This subscription-heavy mix can provide better visibility than equipment-dependent models. The fixed-fee Enhanced Mobile Satellite Services contract adds government revenue stability, while commercial devices embedded in customer operations can generate recurring network traffic after deployment.
IRDM's New Platforms Expand Its Addressable MarketsThe Iridium 9604 combines satellite connectivity, LTE-M cellular access and global navigation satellite system positioning in a compact module. Iridium NTN Direct is designed to extend standardized satellite links to low-cost Internet of Things and consumer devices, while the commercially available positioning, navigation and timing application-specific integrated circuit targets resilient navigation applications.
Full ownership of Aireon adds space-based aircraft surveillance and operational data to the same network supporting communications and hosted payloads. Globalstar, Inc. (GSAT - Free Report) is also advancing two-way satellite Internet of Things and direct-to-device services, showing the opportunity and competitive pressure around connected-device markets.
Earnings Pressure Weakens Iridium's Near-Term CaseSecond-quarter net income fell to $9.7 million, or 9 cents per share, from $22 million, or 20 cents per share, a year earlier. Transaction-related expenses reached $14.3 million, while OEBITDA declined 2% to $119.1 million despite 4% revenue growth.
Image Source: Zacks Investment Research
The quarter also included an earnings miss, and the Zacks Consensus Estimate for 2026 earnings remains below the 2025 result following downward revisions. Until profitability stabilizes, investors may hesitate to assign additional value to initiatives that have not yet produced material earnings contributions.
Premium Valuation Raises the Bar for IridiumIRDM trades at a trailing sales multiple above the satellite sub-industry. That premium reflects the value investors place on Iridium’s differentiated global network, recurring service base and expansion into direct-to-device, positioning and aviation services.
A premium can persist when execution supports the growth narrative. It becomes harder to defend when earnings estimates decline and new offerings remain early in commercialization, making adoption, pricing and margin contribution important tests.
Leverage and Deal Risk Complicate the IRDM StoryThe Aireon purchase added a $183.4 million seller loan, a $100 million revolver draw and $154.7 million of assumed credit-facility debt. Those obligations followed a second quarter that ended with $1.6 billion of net debt and net leverage of 3.3 times trailing 12-month OEBITDA.
Rocket Lab Corporation (RKLB - Free Report) plans to acquire Iridium in a cash-and-stock transaction expected to close in mid-2027. The deal brings closing conditions, merger costs, operating restrictions and potential termination-fee exposure, while the end of Iridium’s share-repurchase program removes one capital-return lever.
Iridium's Ratings Favor Patience Over ChasingIridium’s recurring revenues and new platforms support a credible long-term opportunity, but the premium valuation, softer earnings and added financial commitments favor a wait-and-assess approach rather than an aggressive entry.
IRDM currently carries a Zacks Rank #3 (Hold). Its Growth Score of C is offset by a Value Score of D, a Momentum Score of F and a VGM Score of F. The mix indicates that growth characteristics are not matched by favorable valuation or momentum traits, supporting patience while investors monitor execution and transaction progress. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie Iridium Communications za tři měsíce vzrostly o 23,2 % díky růstu služeb a dvěma velkým transakcím. Ve 2. čtvrtletí tržby stouply o 4 % na 225,2 mil. USD, ale čistý zisk klesl na 9,7 mil. USD.
Key Takeaways Iridium shares rose 23.2% in three months on growth programs, recurring revenues and two major deals.Service revenues grew 4%, made up 72% of sales and supported a recurring base as subscribers rose 6%.Premium valuation, weaker earnings and transaction risks could test Iridium's rally after its recent gains. Iridium Communications Inc. (IRDM - Free Report) shares have gained 23.2% in the past three months as investors assessed expanding growth programs, recurring service revenues and two major corporate transactions.
The advance has support from improving top-line trends and a broader service portfolio. Yet weaker earnings, premium valuation and transaction-related risks leave the next move less clear.
What May Be Supporting IRDM's Three-Month GainSecond-quarter 2026 revenues increased 4% year over year to $225.2 million. Service revenues also rose 4% and represented 72% of total revenues, giving Iridium a sizable recurring base while total billable subscribers expanded 6%.
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Commercial Internet of Things data revenues grew 5% as subscribers increased 9%. Progress in aviation safety, positioning, navigation and timing services and direct-to-device connectivity may also have improved sentiment, though these developments cannot be isolated as the cause of the stock's gain.
Iridium's Growth Engines Still Have Room to RunThe Iridium 9604 module combines satellite connectivity, low-power cellular access and global navigation satellite system positioning in one compact platform. Iridium NTN Direct, planned for later in 2026, could extend standardized satellite links to low-cost Internet of Things and consumer devices.
The commercially available positioning, navigation and timing application-specific integrated circuit broadens potential uses in infrastructure, communications and transportation. Aireon adds space-based aviation surveillance and is expected to contribute at least $100 million in annual service revenues. Rocket Lab Corporation (RKLB - Free Report) could eventually add launch and satellite manufacturing capabilities if its pending acquisition of Iridium closes.
Valuation Could Limit IRDM's Next Leg HigherIRDM trades at 5.9X trailing sales, above the 2.3X sub-industry multiple. That premium indicates that investors already assign substantial value to future service expansion and the expected contribution from Aireon.
The multiple remains below Iridium's five-year median of 6.2X, so the stock is not expensive relative to its own history. Still, recent reductions in earnings estimates make a further rerating harder to justify without clearer profit improvement.
Execution Risks Could Test Iridium's MomentumCommercial broadband revenues declined 8% in the second quarter, while broadband average revenue per unit fell 7% to $243. Equipment costs rose to $13.5 million from $11.3 million. Net income dropped to $9.7 million from $22 million, primarily because of higher transaction costs.
The Aireon purchase increased financial obligations through a $100 million revolver draw and assumed credit-facility debt. The Rocket Lab transaction adds merger expenses, closing uncertainty and exposure to Rocket Lab's share price because the stock consideration adjusts within a pricing collar. Globalstar, Inc. (GSAT - Free Report) is also expanding satellite Internet of Things and direct-to-device capabilities, underscoring the competition for connected-device applications.
IRDM's Mixed Signals Temper the Rally CaseThe stock's gains and growth initiatives support a constructive long-term view, but the valuation, earnings pressure and deal-related uncertainties limit the case for chasing the three-month rally.
IRDM currently carries a Zacks Rank #3 (Hold), consistent with a balanced stance. Its Value Score of D, Growth Score of C, Momentum Score of F and VGM Score of F show that favorable characteristics are not broad-based. The weak Momentum and VGM scores suggest limited near-term confirmation for another sustained advance. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Iridium očekává, že Aireon přidá nejméně 100 milionů USD ročních tržeb ze služeb a 30 milionů USD roční EBITDA. Získává tak plnou kontrolu nad globální leteckou sledovací platformou.
Key Takeaways Iridium expects Aireon to add at least $100 million in annual service revenue and $30 million in OEBITDA.Full ownership gives Iridium control of a global aircraft-surveillance platform and aviation data services.Iridium assumes added debt and integration demands as the Rocket Lab deal awaits a mid-2027 close. Iridium Communications Inc. (IRDM - Free Report) has turned its Aireon investment into a wholly owned aviation platform. The acquisition adds a new service business to a satellite network already supporting communications, positioning and hosted payloads.
Management expects Aireon to contribute meaningful annual revenue and OEBITDA. The opportunity is sizable, but so are the financing commitments and integration demands attached to the transaction.
Aireon Adds a New Revenue Stream for IridiumIridium expects Aireon to provide at least $100 million in annualized service revenue and $30 million in annualized OEBITDA. That contribution would expand a service base that represented 72% of Iridium’s second-quarter revenues and grew 4% year over year.
The acquisition also broadens Iridium’s aviation exposure beyond network hosting. Aireon serves airlines and air navigation service providers, giving Iridium access to additional recurring data-service relationships and a wider set of aviation customers.
IRDM Gains Control of a Unique Aviation PlatformAireon operates the world’s only space-based Automatic Dependent Surveillance-Broadcast air traffic surveillance system. Its high-fidelity global data set complements Iridium’s voice, data, positioning, navigation and timing capabilities on the same satellite infrastructure.
Full ownership gives Iridium greater authority over product development and commercial priorities. Spire Global, Inc. (SPIR - Free Report) also supplies ground- and space-based aircraft tracking data, showing how aviation customers are increasingly using satellite-derived information for operational visibility and planning.
Financing Raises Iridium's Near-Term Debt BurdenThe Aireon purchase price was approximately $366.7 million. Half was paid in cash at closing, while the other half became a $183.4 million interest-free seller loan that matures one year after the acquisition closed.
Iridium also drew $100 million from its revolving facility and assumed Aireon’s $154.7 million credit facility, which matures in October 2028. These obligations add repayment pressure to a balance sheet that carried $1.6 billion of net debt and 3.3X net leverage at the end of the second quarter.
Integration Could Broaden IRDM's Aviation OfferingIridium can now combine aircraft surveillance with safety communications, resilient positioning and operational data. Management is developing products that use Aireon’s surveillance services and global data set, potentially widening the value Iridium delivers to aviation customers.
The commercial timing and scale of future products remain uncertain. Viasat, Inc. (VSAT - Free Report) is advancing satellite-based in-flight connectivity for commercial aircraft, illustrating that aviation technology markets are attracting investment across communications, hardware and data services.
Iridium Must Balance Expansion With Deal RiskAireon’s expected OEBITDA contribution could help absorb some financing and integration costs, but the acquisition still requires disciplined execution. Iridium must manage debt maturities, preserve network investment and convert aviation data into durable customer demand.
The pending Rocket Lab Corporation transaction adds another layer of uncertainty. Management sees potential benefits from combining Iridium with Rocket Lab’s launch and satellite capabilities, but the deal is not expected to close until mid-2027 and remains subject to stockholder approval and other conditions.
Iridium's Ratings Keep the Deal in PerspectiveAireon adds a differentiated aviation platform and a measurable service-revenue opportunity, yet the financing structure and integration workload limit the case for treating the acquisition as an uncomplicated bullish catalyst.
IRDM currently carries a Zacks Rank #3 (Hold). Its Growth Score of C provides moderate support for the expansion thesis, while the Value Score of D, Momentum Score of F and VGM Score of F point to less favorable characteristics across valuation, price trends and the combined investment profile. The ratings support a measured view as Iridium works to turn Aireon’s strategic promise into financial results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Iridium a SKYWAVE uzavřely strategické partnerství, které má výrobcům těžké techniky rozšířit spolehlivé připojení přes satelitní, mobilní i Wi‑Fi sítě. Cílem je modernizace vzdáleně provozovaných zařízení a lepší monitoring i údržba.
Partnership combines SKYWAVE's intelligent network orchestration solution with Iridium's pole-to-pole LEO satellite network to help equipment manufacturers modernize connected operations and extend connectivity worldwide.
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, aircraft surveillance, and positioning, navigation, and timing (PNT) satellite services, today announced a strategic partnership with SKYWAVE, a global leader in industrial IoT connectivity, devices and enablement solutions for mission-critical assets, to help heavy equipment manufacturers build and scale more resilient connected equipment services across global operating environments.
Iridium and SKYWAVE, an Orbcomm company As heavy equipment manufacturers expand connected services, they face growing pressure to improve equipment uptime, modernize legacy deployments, and deliver a consistent customer experience across fleets operating in remote and often disconnected locations. Many deployments rely on fragmented communications infrastructure that limits asset visibility, delays service response, and constrains the rollout of new digital capabilities.
Together, Iridium and SKYWAVE are addressing these challenges by combining Iridium's truly global, weather-resilient low Earth orbit (LEO) satellite network and proven Short Burst Data® (SBD®) services with SKYWAVE's intelligent multi-network management solution and award-winning OGx IoT platform. The integration is underway, with Iridium SBD being embedded directly into SKYWAVE satellite IoT terminals, giving SKYWAVE's heavy equipment OEM customers the option to access Iridium's LEO satellite network. The combined solution will give OEMs a flexible platform that seamlessly extends connected services across satellite, cellular, and Wi-Fi networks, helping ensure reliable connectivity wherever equipment operates.
The integrated solution supports a wide range of connected equipment applications for OEMs, including remote monitoring, diagnostics, predictive maintenance, service support, and the modernization of existing connected equipment fleets. The partnership initially focuses on heavy equipment manufacturers, with the underlying architecture designed to support additional industrial verticals where assets operate globally, remotely, or beyond the reach of terrestrial networks.
"For more than two decades, Iridium has provided the only pole-to-pole mobile satellite network, delivering the coverage, resiliency, and reliability that mission-critical operations demand," said Matt Desch, CEO, Iridium. "We look forward to partnering with SKYWAVE to bring Iridium's global LEO capabilities to industrial IoT customers operating in even the most demanding environments."
"This partnership is an important step in SKYWAVE's mission to become the intelligent networking layer for industrial IoT," said Sameer Agrawal, Chief Executive Officer of ORBCOMM. "Heavy equipment OEMs are looking for ways to modernize legacy deployments, expand connected service capabilities and deliver reliable digital experiences wherever their equipment operates. By combining Iridium's global LEO capabilities with SKYWAVE's platform, we are enabling OEMs to build and scale those capabilities across multiple networks."
The partnership builds on the long-standing satellite IoT leadership of Iridium and SKYWAVE, bringing Iridium's global LEO network together with SKYWAVE's intelligent multi-network platform. Together, the companies are creating a more resilient foundation for the next generation of industrial IoT applications, helping equipment manufacturers extend connected operations wherever their assets are deployed.
For more information about Iridium, visit www.iridium.com
For more information about SKYWAVE, visit www.skywave.com
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
About SKYWAVE, an ORBCOMM company
SKYWAVE, an ORBCOMM company, is a global provider of IoT solution enablement technology. We empower solution providers, system integrators and OEMs to serve their customers through satellite and cellular managed IoT networks and a complete application enablement platform. We provide a fully integrated ecosystem of purpose-built devices, data automation and connectivity services for high-reliability, low-data solutions. SKYWAVE is where IoT powers mission-critical applications for the transportation, agriculture, oil and gas, and maritime industries. For more information, visit www.skywave.com.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Iridium (the "company") has based these statements on its current expectations and the information currently available. Forward-looking statements in this press release include statements regarding the expected capabilities and benefits of combining the Iridium satellite network and SBD services with SKYWAVE's management solution and platform, the availability of the combined solution, and Iridium's expected relationship with SKYWAVE. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the timing of commercial availability of the combined solution for SKYWAVE's heavy equipment OEMs, the company's ability to maintain the health, capacity and content of its satellite constellation, general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the company's Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2026, and the company's Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on July 22, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update or revise any forward-looking statements.
Press Contact:
Jordan Hassin
Iridium Communications Inc.
[email protected]
+1 (703) 287-7421
X: @Iridiumcomm
Investor Contact:
Kenneth Levy
Iridium Communications Inc.
[email protected]
+1 (703) 287-7570
Iridium Communications (IRDM - Free Report) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.2 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -26.92%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.27 per share when it actually produced earnings of $0.2, delivering a surprise of -25.93%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Iridium, which belongs to the Zacks Satellite and Communication industry, posted revenues of $225.24 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.82%. This compares to year-ago revenues of $216.91 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Iridium shares have added about 171.8% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for Iridium?While Iridium has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Iridium was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $228.78 million in revenues for the coming quarter and $1.02 on $895.01 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Satellite and Communication is currently in the bottom 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Satellogic Inc. (SATL - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Satellogic Inc.'s revenues are expected to be $9.33 million, up 110.1% from the year-ago quarter.
Iridium využívá silný volný peněžní tok k financování růstu ve čtyřech oblastech a zároveň snižuje zadlužení. Na rok 2026 očekává asi 318 mil. USD volného peněžního toku.
Key Takeaways Iridium is using strong free cash flow to invest in four growth areas while reducing net leverage.IRDM is advancing IoT, NTN Direct, PNT, aviation safety and government programs with new products.Iridium expects about $318M in 2026 pro forma free cash flow and $1.5B-$1.8B through the decade. Iridium Communications Inc. (IRDM - Free Report) continues to generate strong free cash flow, providing the financial flexibility to support its expansion strategy while maintaining a disciplined capital allocation approach. On the last earnings call, management highlighted that its cash generation allows it to reduce net leverage quickly while also preserving the flexibility to invest in business growth opportunities through product development or potential tuck-in acquisitions.
As of March 31, Iridium had cash and cash equivalents of $111.6 million and ended the quarter with net leverage of 3.4x OEBITDA. The company also remains committed to an active and growing dividend program, having paid a quarterly dividend of 15 cents per share, while expecting its board to continue increasing the dividend in line with prior years. Capital expenditures totaled $30 million in the first quarter, and the company expects full-year CapEx to remain consistent with 2025 levels as it continues investing in Iridium NTN Direct. Iridium projects pro forma free cash flow of about $318 million in 2026 and expects to generate between $1.5 billion and $1.8 billion in free cash flow over the remainder of the decade.
The company plans to utilize this financial strength to advance its four key growth areas while continuing to support its legacy business. In IoT, Iridium is preparing to launch its Iridium 9604 TriMode module, which combines satellite IoT, cellular IoT and GPS into a compact, cost-effective solution. The module is expected to simplify the product portfolio, lower integration costs and support expansion into cost-sensitive applications such as automotive, smart meters, agriculture and asset tracking. The company is also progressing toward the commercial launch of Iridium NTN Direct later this year, while continuing to expand agreements with mobile network operators and working with chip and module manufacturers to enable future standards-based connectivity.
Iridium is also investing in its Assured Positioning, Navigation and Timing (PNT) business, where the rollout of its new ASIC is generating strong interest from more than 100 companies. The company believes the new chip will accelerate deployments and continues to expect PNT to contribute at least $100 million in annual revenue by 2030.
Beyond PNT, Iridium is prioritizing national security missions through its growing work with the U.S. government and the Space Development Agency, while also expanding engineering and support activities. Aviation safety remains another strategic focus, with progress on new Certus aviation safety services and differentiated products intended to create additional opportunities. Management stated that partner activity remains strong, and the company plans to continue investing the cash it generates into these long-term growth initiatives while maintaining its focus on execution.
Taking a Look at IRDM’s CompetitorsAST SpaceMobile (ASTS - Free Report) is gaining from its leadership in direct-to-smartphone satellite connectivity, supported by proprietary phased array technology and thousands of patent claims. The company has built a sizable liquidity base to fund satellite manufacturing, ground infrastructure and launch activity through early commercialization. As of March 31, 2026, the company reported approximately $3.5 billion in cash, cash equivalents and restricted cash. The balance sheet also reflects additional convertible financing completed in early 2026, which management expects to support constellation deployment, technology investment and debt management initiatives. While the company is still operating at a loss, this funding reduces near-term refinancing risk and provides flexibility to sustain the planned deployment cadence as service activation progresses.
Globalstar, Inc. (GSAT - Free Report) is generating positive adjusted free cash flow. During the first quarter of 2026, the company reported adjusted free cash flow of $28.9 million compared with $47.6 million in the prior-year quarter. The decrease was primarily due to the timing of cash receipts under the Updated Services Agreements, as the company received $7.5 million in accelerated service fees during the first quarter of 2026 compared with $22.5 million a year ago. During the quarter, net cash provided by operating activities totaled $35.2 million, while capital expenditures were primarily associated with the deployment of replacement satellites and the Extended MSS Network.
IRDM Price Performance, Valuation and EstimatesShares of IRDM have gained 144.2% in the past six months against the Zacks Satellite and Communication industry’s decline of 13.8%.
Image Source: Zacks Investment Research
From a valuation standpoint, IRDM trades at a forward 12-month price-to-sales (P/S) of 5.39X, above the industry’s 2.8X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for IRDM earnings for 2026 has been marginally revised upward over the past 60 days.
Image Source: Zacks Investment Research
Iridium currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Iridium uvedlo na trh Iridium PNT ASIC, čip pro ochranu zařízení závislých na GPS a GNSS před rušením a spoofingem. O produkt už v říjnu 2025 projevilo zájem více než 150 organizací.
Ultra-compact chip delivers trusted positioning, navigation, and timing resilience amid rising spoofing and jamming threats
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, today announced the commercial availability of the Iridium PNT ASIC, a first-to-market chip designed to help protect GPS- and GNSS-dependent devices from jamming, spoofing, and other growing threats.
Iridium PNT ASIC Since the Iridium PNT ASIC's unveiling in October 2025, Iridium has received unprecedented demand from more than 150 organizations worldwide, spanning maritime, unmanned and autonomous systems (UXV), aviation, telecommunications, and other critical infrastructure sectors.
"The market response to the Iridium PNT ASIC has reinforced what we're hearing from customers around the world: assured PNT is becoming an essential capability across critical industries," said Dr. Michael O'Connor, executive vice president, PNT, Iridium. "With commercial availability, we're enabling manufacturers to integrate trusted timing and location capabilities into smaller, more efficient designs, making assured PNT accessible to more applications than ever before."
Measuring just 8 by 8 millimeters and weighing less than 0.2 grams, the application-specific integrated circuit (ASIC) represents a major step forward in expanding access to assured PNT technologies at scale. The chip delivers cryptographically secure timing and location data from the Iridium satellite network through one-way signal bursts that are powerful enough to work where traditional GNSS often cannot, including inside structures and in contested environments.
By continuously validating signal integrity and delivering trusted PNT data anywhere on Earth, the Iridium PNT ASIC provides a powerful new foundation not only for resilient navigation, but also timing. Financial markets, telecommunications networks, power grids, and governments all depend on precise time synchronization to coordinate operations and maintain reliable service.
As global reliance on GNSS continues to grow, so does the frequency and sophistication of signal interference such as jamming and spoofing. Recent incidents including the May 2026 in-flight jamming of United Kingdom Defence Secretary John Healey highlight increasing operational and safety risks associated with GNSS spoofing and jamming across commercial transportation, aviation, and critical infrastructure environments. According to a 2019 study sponsored by the U.S. National Institute of Standards and Technology (NIST), a GPS outage was estimated to cost the U.S. economy approximately $1 billion per day. Adjusted for inflation, that figure would exceed $1.3 billion per day in 2026, underscoring the growing importance of reliable backup solutions.
Compact Assured PNT Integration Underway
Solace Communications, a provider of mission-critical communications solutions for demanding and remote environments, is one of several Iridium partners integrating the Iridium PNT ASIC. Its Vector family of assured PNT products combines Iridium PNT with multi-band GNSS and inertial sensing to deliver resilient positioning, navigation, and timing with continuous confidence scoring, while LTE and Iridium Short Burst Data® (SBD®) provide secure telemetry and messaging.
"The Iridium PNT ASIC supports our wider strategy of building one of the first edge-native, confidence-scored assured PNT platforms around multiple sources of positioning, timing, and motion data," said Adam Elcock, co-founder, Solace Communications. "Future navigation systems must do more than report a position. They must continuously determine whether that position and its timing can be trusted. That is the role Vector has been designed to fulfill and is now being deployed."
Skyband Systems, a developer of aviation-grade, PNT-resilient navigation hardware, will integrate the Iridium PNT ASIC into its M100 LRU for business and commercial aviation. The M100 combines Iridium PNT with onboard inertial sensing to alert crews to GNSS jamming and spoofing while providing aircraft location for enhanced situational awareness.
"Iridium's secure and powerful global service is the perfect platform for Skyband's resilient navigation product," said Robert Wiggenhorn, co-founder, Skyband Systems. "We are excited to partner with Iridium as they launch the Iridium PNT ASIC and look forward to further strengthening their legacy of aircraft innovation and safety."
Iridium continues to engage with developers, original equipment manufacturers, integrators, and technology providers to incorporate assured PNT capabilities into next-generation solutions. Those interested in ordering the Iridium PNT ASIC are encouraged to visit www.iridium.com/pnt/asic.
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
Press Contact:
Jordan Hassin
Iridium Communications Inc.
[email protected]
+1 (703) 287-7421
Investor Contact:
Kenneth Levy
Iridium Communications Inc.
[email protected]
+1 (703) 287-7570
Iridium dokončila akvizici Aireon, operátora jediného vesmírného systému ADS-B pro sledování leteckého provozu. Firma tím posiluje svou roli v oblasti bezpečnosti letectví a globálního řízení letového provozu.
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, announced today that it has completed its acquisition of Aireon LLC, operator of the world's only space-based Automatic Dependent Surveillance-Broadcast (ADS-B) air traffic surveillance system.
Iridium has completed its acquisition of Aireon, a key step in its strategy to lead the future of aviation safety. "Iridium and Aireon are fully aligned in our mission to advance the future of aviation safety. What began as a bold vision more than a decade ago has become a foundational capability for global air traffic management, delivering real-time surveillance and operational intelligence on a truly global scale," said Iridium CEO, Matt Desch. "Together, we will continue investing in the technologies and innovations that we believe will make aviation safer, more efficient, and more resilient for decades to come."
The completion of the acquisition expands Iridium's role in the aviation ecosystem by combining Aireon's space-based air traffic surveillance and aviation intelligence services with Iridium's global satellite communications network and resilient PNT capabilities. Together, these assets create a comprehensive platform for delivering real-time visibility, trusted connectivity and actionable operational data to aviation stakeholders worldwide. As airspace grows more complex and increasingly dependent on resilient infrastructure, Iridium is positioned to provide the critical services that help improve safety, efficiency and operational decision-making on a global scale.
As part of Iridium, Aireon will continue operating as a wholly owned subsidiary focused on delivering industry-leading air traffic surveillance and aviation data services. Don Thoma will continue to serve as Aireon's Chief Executive Officer and will report to Iridium's Chief Executive Officer Matt Desch, ensuring both leadership continuity and close alignment with Iridium's broader strategy.
For more information about Iridium, visit: www.iridium.com
For more information about Aireon, visit: www.aireon.com
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to it. Forward-looking statements in this press release include statements regarding the Company's strategy to provide the foundational architecture for global aviation safety, bringing space-based surveillance, safety communications, PNT, and operational data together on a single network; continued investment in the technologies and innovations that the Company believes will make aviation safer, more efficient, and more resilient for decades to come; the future operations and management of Aireon; expected impacts of the acquisition of Aireon on the Company, and the timing thereof. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to realize the anticipated benefits of the Aireon acquisition, including expected synergies, on the expected timeline or at all, the risks that the integration of Aireon's business may be more difficult, time-consuming, or costly than expected, the Company's ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements, except as required by law.
Ademi LLP prověřuje, zda Iridium při transakci s Rocket Lab za zhruba 8,0 miliardy USD získává pro akcionáře spravedlivou cenu. Akcionáři mají za každou akcii Iridium obdržet 27,00 USD v hotovosti a akcie Rocket Lab.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Ademi LLP is investigating Iridium (NASDAQ: IRDM) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Rocket Lab.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
Iridium shareholders will receive $27.00 in cash and Rocket Lab common stock for each Iridium share, based on a notional value of $54.00 per share in a cash-and-stock transaction valued at approximately $8.0 billion. The stock exchange ratio is subject to a collar banded between $67.50 and $112.50.
Iridium insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Iridium by imposing a significant penalty if Iridium accepts a competing bid. We are investigating the conduct of the Iridium board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Iridium oznámila, že Mlink zahájila testování čipu MS150-IR v reálném provozu pro Iridium NTN Direct. Certifikace a dostupnost produktu se očekávají před koncem roku 2026.
Mlink chipsets expand the ecosystem for Iridium's standards-based NB-IoT and D2D connectivity
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, today announced that Mlink Technology Inc. (Mlink), a leading fabless semiconductor company specializing in IoT and satellite communication chipsets, has begun live, on-air testing of its MS150-IR IoT-NTN chipset using Iridium NTN Direct℠. MS150-IR is a specialized version of the MS150 chipset family, developed specifically for Iridium NTN Direct as part of Mlink's global IoT-NTN product portfolio.
The Iridium Network Mlink joins a growing ecosystem of chipset providers supporting Iridium NTN Direct, Iridium's 3GPP standards-based non-terrestrial network (NTN) service. By integrating Iridium NTN Direct, Mlink's chipsets will help device manufacturers, module makers and mobile network operators (MNOs) extend low-power IoT connectivity beyond the reach of terrestrial networks through a single global satellite platform. The companies anticipate certification and product availability before the end of 2026.
"We're excited by Mlink's strong progress and the successful transition from lab testing to live on-orbit validation over the Iridium network," said Tim Last, Executive Vice President, Iridium. "This achievement demonstrates the technical maturity of both teams and the readiness of Iridium NTN Direct. We look forward to certification of the MS150-IR chipset later this year, giving our partners and customers additional high-quality, standards-compliant options for global NB-IoT and D2D connectivity."
"Having the opportunity to collaborate with Iridium in the emerging NTN field is a tremendous opportunity for Mlink," said Zhiping An, Co-Founder and Vice President, Mlink. "Our MS150-IR chipset platform has successfully completed Iridium's laboratory testing and has now progressed into the over-the-air (OTA) testing phase. We also have introduced a comprehensive reference design kit, enabling our customers to accelerate product development and commercialization. We look forward to leveraging Iridium NTN Direct to provide high-quality low Earth orbit (LEO) satellite communication services to customers around the world, enabling reliable and efficient global connectivity."
Iridium NTN Direct leverages Iridium's unique network of 66 cross-linked LEO satellites and 3GPP standards to deliver low-latency, reliable connectivity with excellent signal penetration on a truly global basis. The service is designed for IoT applications including asset tracking, logistics, utilities, agriculture, automotive, industrial monitoring and remote infrastructure, extending connectivity where terrestrial coverage is unavailable, limited or unreliable.
For chipset vendors, module manufacturers, OEMs, and MNOs, Iridium NTN Direct reduces the technical and commercial barriers to integrating satellite connectivity into existing products and networks without requiring additional terrestrial infrastructure. The service enables partners to expand coverage, improve resilience and support new connected-device applications using globally recognized standards.
Mlink's advancement adds to Iridium's expanding roster of chipset partners and reinforces growing momentum toward commercial availability of Iridium NTN Direct in 2026. Iridium NTN Direct is designed to deliver truly global, standards-based NB-IoT and D2D connectivity, enabling devices, sensors and assets to remain connected anywhere on Earth.
For more information on Iridium NTN Direct and how to join the ecosystem, visit: www.iridium.com/ntn-direct.
For more information about Iridium, visit: www.iridium.com
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network, delivering reliable voice, data, and positioning, navigation and timing (PNT) services anywhere on Earth. Iridium supports safety- and mission-critical operations for diverse markets such as aviation, maritime, government, emergency services, critical infrastructure, autonomous systems, and remote monitoring applications, where connectivity is essential.
Headquartered in McLean, Virginia, Iridium provides its products and services through an ecosystem of 500-plus partner companies around the world. For more information, visit www.iridium.com.
About Mlink Technology Inc.
Mlink Technology Inc, founded in 2013, is a leading innovator in semiconductor solutions for satellite and cellular communications. Mlink has launched SatCom chipsets covering multiple standards such as IoT-NTN, NR-NTN, and GMR, as well as cellular communication chips for 5G RedCap and NB-IoT. Mlink's MS150 series IoT-NTN chipsets and MS340 series NR-NTN chipsets have successfully completed extensive LEO and GEO satellite testing across multiple countries and regions worldwide. Today, they are recognized as among the industry's most widely adopted NTN chipset platforms.
Headquartered in Beijing, the company has established research and development centers in Shanghai, Hefei, and Xiamen. For more information about Mlink, visit: www.mlink-tech.cn.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding the capabilities, benefits and availability of the Iridium NTN Direct service. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the timing of commercial availability of the Iridium NTN Direct service, the company's ability to maintain the health, capacity and content of its satellite constellation, general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update or revise any forward-looking statements.
