Iridium Awarded 5-Year, $94M Contract By Space Systems Command, Has A Potential Total Value Of $103M, Based On Future Surge Requirements
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Iridium Communications Inc. (NASDAQ:IRDM) has been awarded a five-year contract worth $94 million by the United States Space Force's Space Systems Command. The contract, which could potentially reach $103 million, is for Enhanced Mobile Satellite Services (EMSS) and security sustainment services.
June 04, 2024 | 1:20 pm
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Iridium Communications Inc. has secured a significant five-year contract worth $94 million with the U.S. Space Force's Space Systems Command. This contract, which could potentially increase to $103 million, will support Enhanced Mobile Satellite Services (EMSS) and security sustainment services.
The contract with the U.S. Space Force's Space Systems Command is a significant revenue stream for Iridium Communications, ensuring continued operations and support for critical U.S. government applications. This is likely to positively impact IRDM's stock price in the short term.
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