MCLEAN, Va., April 22, 2019 /PRNewswire/ -- Iridium
Communications Inc. (NASDAQ: IRDM) announced today that it has been
awarded a new contract by the Defense Information Systems Agency
(DISA) to continue supporting the U.S. Department of Defense (DoD)
Enhanced Mobile Satellite Service (EMSS) gateway. The contract,
valued at $54 million over 4.5 years,
for Gateway Maintenance and Support Service (GMSS), will ensure
that this dedicated ground site continues to operate at peak
efficiency and in optimal condition for critical U.S. DoD
missions.
Dedicated for use by the U.S. DoD, their Iridium gateway serves
as the uplink and downlink point for the DoD's EMSS communications
capabilities through the Iridium® network. This
includes the enhanced capabilities made possible by Iridium's
upgraded satellite constellation, which was formally completed and
declared fully operational in February of this year.
"This new contract provides the mechanism for Iridium to help
ensure the DoD gateway is able to fully support the new
capabilities and services needed to meet the emerging requirements
of the warfighter," said Scott
Scheimreif, executive vice president of government programs,
Iridium. "It is yet another example of the strategic, long-term
relationship between Iridium and the U.S. Department of Defense.
We remain committed to the U.S. DoD and
the warfighter as we explore new ways for addressing critical
requirements leveraging our unique satellite network."
The previous iteration of the GMSS contract was awarded in
October of 2013 for a five-year term with a six-month extension
option. The subscribers operating under the Iridium EMSS program
run by DISA have more than doubled over the five-year period
between 2013 and 2018 to 113,000, reflecting a 17.25% compounded
annual growth rate. This surge in growth has occurred under the
current flat-rate contract program that provides unlimited voice
and data services to the U.S. warfighter and other government
participants.
For more information about Iridium, visit: www.iridium.com
About Iridium Communications
Inc.
Iridium® is the only mobile voice and
data satellite communications network that spans the entire
globe. Iridium enables connections between people,
organizations and assets to and from anywhere, in real time.
Together with its ecosystem of partner companies, Iridium delivers
an innovative and rich portfolio of reliable solutions for markets
that require truly global communications. The company has
recently completed its next-generation satellite network and
launched its new specialty broadband service, Iridium
CertusSM. Iridium Communications Inc. is headquartered
in McLean, Va., U.S.A., and its common stock trades on the
Nasdaq Global Select Market under the ticker symbol IRDM. For
more information about Iridium products, services and partner
solutions, visit www.iridium.com.
Forward Looking Statements
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 term and value to Iridium
of the GMSS contract. 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 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, 2018,
filed with the Securities and Exchange Commission (the "SEC") on
February 28, 2019, 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.
Press
Contact:
|
Investor
Contact:
|
Jordan
Hassin
|
Kenneth
Levy
|
Iridium
Communications Inc.
|
Iridium
Communications Inc.
|
Jordan.Hassin@Iridium.com
|
Ken.Levy@Iridium.com
|
+1 (703)
287-7421
|
+1 (703)
287-7570
|
Twitter:
@Iridiumcomm
|
Twitter:
@IridiumIR
|
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SOURCE Iridium Communications Inc.