Iridium Communications Announced Expanded Commercial Availability Of Its Satellite Time And Location Service, An Alternative Positioning, Navigation, And Timing Solution
Portfolio Pulse from Benzinga Newsdesk
Iridium Communications has expanded the commercial availability of its Satellite Time and Location (STL) service to parts of Europe and Asia Pacific. This service offers an alternative to traditional GNSS systems like GPS and Galileo, providing a signal that is highly resilient to spoofing and jamming.
June 20, 2024 | 11:31 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Iridium Communications has expanded its Satellite Time and Location service to Europe and Asia Pacific, driven by increased commercial demand. This move could enhance revenue streams and market presence in these regions.
The expansion of Iridium's STL service to new regions is likely to drive increased revenue and market presence, given the high demand for resilient GNSS alternatives. This positive development should have a favorable short-term impact on IRDM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100