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IRDMB.PFD News and Headlines - Iridiummmunications

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Investment company KLS Diversified Asset Management LP (Current Portfolio) buys Iridium Communications Inc, sells WillScot Corp, Rite Aid Corp, Genworth Financial Inc during the 3-months ended 2019Q3, according to the most recent filings of the investment company, KLS Diversified Asset Management LP. As of 2019Q3, KLS Diversified Asset Management LP owns 13 stocks with a total value of $664 million. These are the details of the buys and sells.

For the details of KLS Diversified Asset Management LP's

0 Views    [email protected]    2019-11-13 16:38
Fund ups stake in worldwide satellite communications network

On Oct. 31, Baron Funds, the asset management firm founded by Ron Baron (Trades, Portfolio), disclosed it increased its stake in Iridium Communications Inc. (IRDM) by 13.87%.


Baron Funds is a long-term asset management firm that places heavy emphasis on researching its investments, with the view that people are the key drivers of a successful business and that successful business growth relies on open-ended opportunities and competitive advantages. Its CEO is Ron Baron, who founded the firm in 1982. The firm is currently valued at $24.94 billion and has a low

271 Views    Margaret Moran    2019-11-08 23:17

EVP-Sales and Marketing of Iridium Communications Inc (30-Year Financial, Insider Trades) Bryan J. Hartin (insider trades) sold 112,816 shares of IRDM on 11/04/2019 at an average price of $25.37 a share. The total sale was $2.9 million.

Iridium Communications Inc is a United States based company which is engaged in providing mobile voice and data communications services through a constellation of low earth orbiting satellites. Iridium Communications Inc has a market cap of $3.31 billion; its shares were traded at around $25.22 with and P/S ratio of 5.45. Iridium Communications Inc had annual average EBITDA growth of

0 Views    [email protected]    2019-11-06 14:15

PR Newswire

MCLEAN, Va., Nov. 4, 2019 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) today announced the closing of a $1.45 billion, seven-year term loan that sets the stage for the company to complete its financial transformation. The new credit agreement formally retires Iridium's previous credit facility initiated in 2010 and guaranteed by BPI France (formerly COFACE), which enabled Iridium to finance the Iridium® NEXT program.  An additional $100 million, five-year revolving

0 Views    PRNewswire    2019-11-05 01:01

Intellian's C700 Iridium Certus terminal unveiled at Kormarine 2019

PR Newswire

MCLEAN, Va., Oct. 21, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced Intellian as the newest manufacturer of Iridium CertusTM maritime terminals. Intellian is introducing the C700 terminal which will enable a variety of applications including safety, bridge and crew welfare communications, connected ship IoT capabilities like engine monitoring and remote diagnostics, as well as situational awareness reports.

0 Views    PRNewswire    2019-10-22 00:00

PR Newswire

MCLEAN, Va., Oct. 8, 2019 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, October 29, 2019 at 8:30 a.m. Eastern Time (ET) to discuss the Company's third-quarter 2019 financial results. In advance of the call on October 29, 2019, Iridium will issue its third-quarter 2019 earnings press release, which will be available at  To participate in the teleconference, callers can dial

0 Views    PRNewswire    2019-10-08 12:00

New IDIQ Agreement Provides Pathway for Continued Innovation and Future State-of-the-Art Enhancements to DoD SATCOM Capabilities

PR Newswire

MCLEAN, Va., Oct. 1, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that it has been awarded a 5-year, indefinite delivery/indefinite quantity (IDIQ) contract from the Defense Information Systems Agency on behalf of the United States Air Force Space Command (AFSpC) with potential revenues up to $76 million.  Known as the Gateway Evolution

0 Views    PRNewswire    2019-10-01 16:02

MoU between LEO Ku-band and L-band satellite operators is the first of its kind in the industry

PR Newswire

MCLEAN, Va. and LONDON, Sept. 17, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) and OneWeb today announced they have entered into a Memorandum of Understanding (MoU) to work together toward a combined service offering. This combined service offering would be designed to make it easier for their mutual partners to offer unique

0 Views    PRNewswire    2019-09-17 20:00

PR Newswire

MCLEAN, Va., Sept. 16, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that it has been awarded a $738.5 million, seven-year, fixed-price contract with the United States Department of Defense through the U.S. Air Force Space Command (AFSpC) to provide unlimited satellite services from its unique Low Earth Orbit (LEO) constellation.  Through what is known as the AFSpC's Enhanced Mobile Satellite Services (EMSS) program, Iridium will continue to deliver access

0 Views    PRNewswire    2019-09-16 12:00

The LT-4200 will be one of the first terminals to support the Iridium Certus 200 service class as Lars Thrane becomes the third Iridium Certus™ maritime terminal manufacturer

PR Newswire

MCLEAN, Va., Sept. 12, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced Lars Thrane A/S as the newest Iridium Certus terminal manufacturer and together unveiled the LT-4200 maritime satcom system. The new terminal will be one of the first to

0 Views    PRNewswire    2019-09-12 16:01

A global leader in aviation, Thales will now be able to provide both the avionics and connectivity service for Iridium Certus®

PR Newswire

MCLEAN, Va., Sept. 3, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced Thales as the newest Iridium Certus aviation service provider.  While already developing the Iridium Certus-based FlytLINK terminal and antenna, Thales will now be able to offer both Iridium Certus

0 Views    PRNewswire    2019-09-03 16:02

Iridium Certus 9770 transceiver introduces a new midband service class, bringing innovative products to underserved markets

PR Newswire

MCLEAN, Va., Aug. 21, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced the first 10 approved beta partners developing new products based on the state-of-the-art Iridium Certus 9770 transceiver. Each partner has received operational beta units, which have been undergoing extensive testing designed to fine-tune both the new transceiver and the first new

0 Views    PRNewswire    2019-08-21 12:33
Fund founder Ron Baron remains invested despite high market volatility

Baron Funds, which was founded by Ron Baron (Trades, Portfolio), disclosed last week its top five buys for the second quarter were Clarivate Analytics PLC (CCC), Trex Co. Inc. (TREX), Iridium Communications Inc. (IRDM), Endava PLC (DAVA) and Copa Holdings SA (CPA).

Baron said in a CNBC “Squawk Box” interview Tuesday morning that he “invests consistently over the long term,” even during times of high market volatility. The Dow Jones Industrial Average closed at 25,962.44, down 173.35 points from Monday’s close of 26,135.79, ending a three-day rebound from last Wednesday’s 800-point nosedive.