MCLEAN, Va., June 4, 2024 /PRNewswire/ -- Iridium
Communications Inc. (NASDAQ: IRDM), a leading provider of global
voice and data satellite communications, today announced it has
been awarded a new five-year contract by the United States Space
Force's Space Systems Command's Commercial Space Office (COMSO) for
Enhanced Mobile Satellite Services (EMSS) capabilities and security
sustainment services (ECS3). In
support of the Iridium EMSS program, the ECS3 contract will ensure continued optimal
operations of the EMSS Service Center in support of critical U.S.
government applications. The value of the contract is approximately
$94 million with a potential total
value of $103 million, based on
future surge requirements.
The Iridium EMSS program delivers access to truly global
unlimited secure and standard narrowband voice, broadcast,
push-to-talk and select additional services to an unlimited number
of U.S. Department of Defense (DoD) and DoD-approved subscribers.
Supporting this program, the EMSS Service Center provides
connectivity into the Iridium® network enabling critical
communication applications.
"This new contract ensures our critical support to the EMSS
Service Center well into the future. We have been working with
Department of Defense EMSS Program Office for over 20 years,
providing the sustainment and security enhancements necessary for
our warfighters to execute their missions. The EMSS mission is a
perfect example of the U.S. Space Force's recently released
Commercial Space Strategy, leveraging the innovation of Iridium and
our valuable partner ecosystem," said Scott
Scheimreif, executive vice president, government programs,
Iridium. "We are privileged and proud to continue to provide
support to our most important customer, and we look forward to
working with the U.S. Space Force under the new space
strategy."
The previous iteration of this contract, known as "GMSSA" was
signed in 2019 for 4.5 years and valued at $54 million. In September
2019, Iridium was awarded a seven-year, $738.5 million airtime services contract by the
Defense Information Systems Agency (DISA), continuing the EMSS
program and furthering Iridium's role as an integral part of
the United States government's
critical communications infrastructure through at least 2026. This
new ECS3 contract will support the
infrastructure used for EMSS through 2029.
To learn more about the Iridium EMSS program visit
https://www.iridium.com/enhanced-mobile-satellite-services/
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. In 2024, Iridium
acquired Satelles and announced the Iridium® Satellite
Time and Location service. 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
Forward-looking
statements in this press release include statements regarding
expected benefits and revenues from the ECS3 contract. Other 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 of 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 U.S. government
budget and procurement process and 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, 2023, filed with the SEC on
February 15, 2024, 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.
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
|
X:
@Iridiumcomm
|
|
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