Iridium Inks New Five-year Commercial Contract With L3Harris Technologies For Iridium Satellite Time And Location Service
Portfolio Pulse from Benzinga Newsdesk
Iridium has signed a new five-year commercial contract with L3Harris Technologies to provide Iridium Satellite Time and Location (STL) service. This service will be provided to over three dozen L3Harris-operated communications network backbone nodes and a similar number of Federal Aviation Administration (FAA) facilities across the United States.
April 09, 2024 | 11:05 am
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Iridium's new five-year contract with L3Harris for STL services could enhance its revenue stability and growth prospects.
The contract with L3Harris Technologies for providing STL services is likely to provide Iridium with a stable revenue stream over the next five years. This agreement not only solidifies Iridium's position in the satellite services market but also potentially opens up further opportunities for expansion and collaboration in the aviation and communications sectors.
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IMPORTANCE 80
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POSITIVE IMPACT
L3Harris's partnership with Iridium for STL services could enhance its communications network capabilities and service offerings.
By partnering with Iridium for STL services, L3Harris Technologies is set to enhance its communications network backbone nodes and service offerings to the FAA. This collaboration not only strengthens L3Harris's infrastructure but also demonstrates its commitment to leveraging advanced satellite technology for improved service delivery.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80