Iridium Revenue Posts Double-Digit Growth; Matt Desch Sees M2M, New Product Gains for 2015

Matt Desch

Matt Desch

TYSONS CORNER, VA May 1, 2015 — Executive Mosaic — Iridium Communications posted a 13 percent jump in first quarter revenues for its government services unit, GovCon Wire reported Thursday.

Company financial results indicated that activity attributed to the increase from year-ago figures included Iridium’s $400 million defense contract for airtime services toward combat support.

“When thinking about how our 2015 financial results shape up, we see gains in our M2M, maritime and aviation businesses, but still expect our voice market to be pressured by a strong dollar,” said Matt Desch, Iridium CEO and inductee into Executive Mosaic’s Wash100 for 2015.

“The step-up in our fixed-price airtime contract with the U.S. government will also boost service revenue, as will contributions from new products.”

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

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David Smith
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david.smith@executivemosaic.com

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