Iridium World Communications Ltd.
IRIDQ
Other OTC0.00
USD
- -
- -
ISIN
BMG493981036
Return %
Stock
S&P500
1Y
-90.00
26.53
3Y
900.00
76.60
5Y
900.00
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- F. Thomas Tuttle
- Full Time Employees
- 545
- Sector
- Communication Services
- Industry
- Telecommunications Services
- Address
- Clarendon House Hamilton Bermuda HM 11
- IPO Date
- Dec 7, 2022
- Website
- iridium.com
- Similar Companies
- Business
- Iridium World Communications Ltd. is a limited liability company that acquires, owns, and manages the Iridium global mobile satellite communications system. Its primary business activity centers on providing satellite-based wireless telecommunications services and equipment, enabling real-time voice and data communication worldwide. The company operates a constellation of 66 active low-earth orbit satellites that deliver comprehensive coverage, facilitating communication services for sectors including aviation, maritime, government, enterprise, land mobile, and recreation. Iridium offers a wide range of products and services, including satellite phones (models such as Iridium 9555, 9575A for U.S. government, and the Extreme series), satellite broadband terminals, machine-to-machine Internet of Things (IoT) communication devices, and integrated transceivers supporting two-way messaging. Its Iridium Certus® broadband service, available in multiple configurations (Iridium Certus 100, 200, 700), provides reliable data and voice connectivity globally for maritime, aviation, land mobile, government, and IoT applications. Additional service offerings include Iridium Burst®, Iridium Messaging Transport, Iridium Push-To-Talk, and the Global Maritime Distress and Safety System (GMDSS). Geographically, Iridium’s services operate globally, encompassing the most remote areas on Earth. The company is headquartered in McLean, Virginia, and was founded in 1991. Recent major company developments include the launch of Iridium Certus GMDSS in late 2024, advancing maritime satellite communication safety services. In 2024, Iridium introduced Project Stardust, a 3GPP standard-based satellite-to-cellphone service focusing on messaging, emergency communications, and IoT device connectivity, scheduled for launch in 2026. Additionally, the company secured a five-year system infrastructure transformation and hybridization contract worth up to $85.8 million to enhance and secure its core communication systems. Iridium also grew its commercial IoT subscriber base significantly in 2024, contributing to an overall 9% increase in total revenue compared to the prior year. Iridium serves diverse customer segments, including individuals, enterprises, governments, and NGOs, offering tailored communication solutions through its satellite network and partner ecosystem worldwide. The company maintains strategic partnerships and expands its ecosystem to support seamless global connectivity, particularly for applications requiring reliable communication in remote or harsh environments. Iridium Communications Inc., a related public company trading under ticker IRDM on NASDAQ, is a key entity in the Iridium ecosystem, while Iridium World Communications Ltd. oversees the satellite system infrastructure and ownership. This dual-entity structure supports the company’s position in the competitive global satellite telecommunication industry.