Iridium Communications Inc 8-K, filed May 27, 2022
Iridium Communications Inc. (IRDM)
8-K
2022-05-27
For: 2022-05-26
View Original
Added on
April 08, 2026
About this 8-K
Iridium Communications Inc filed this 8-K on May 27, 2022, reporting on events of May 26, 2022.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 26, 2022
(Exact name of registrant as specified in its charter)
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(Address of principal executive offices)
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 7.01 Regulation FD Disclosure.
On May 26, 2022, the Registrant issued a press release announcing that General Dynamics Mission Systems and the Registrant have been awarded a $324 million contract to establish the ground operations and integration segment for Tranche 1 of the Space Development Agency’s National Defense Space Architecture (NDSA). The Registrant expects to receive $133 million in revenue through Iridium Satellite LLC, its principal operating subsidiary, under the contract over its seven-year term. The text of the press release is included as Exhibit 99.1 to this Form 8-K.
The information contained herein, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be incorporated by reference in any filing under the Securities Act of 1933 or under the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document).* | ||||
| * | Submitted electronically with this Report in accordance with the provisions of Regulation S-T | ||||
_________________________________________________________________________________________________
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IRIDIUM COMMUNICATIONS INC. | ||||||||||||||
| Date: | May 26, 2022 | By: | /s/ Thomas J. Fitzpatrick | |||||||||||
| Name: | Thomas J. Fitzpatrick | |||||||||||||
| Title: | Chief Financial Officer | |||||||||||||
General Dynamics Mission Systems and Iridium Awarded $324 Million Ground Control and Operations Contract by the Space Development Agency
FAIRFAX, Va. and MCLEAN, Va., May 26, 2022 – General Dynamics Mission Systems (NYSE: GD), and Iridium Communications Inc. (NASDAQ: IRDM) announced today that they have been awarded a contract by the Space Development Agency in the amount of $324,516,613, including a base amount of $162,954,122 and $161,562,491 in options, to establish the ground Operations and Integration (O&I) segment for Tranche 1 of the National Defense Space Architecture (NDSA). Together, General Dynamics Mission Systems and Iridium will build ground entry points and operations centers for the NDSA as well as provide network operations and systems integration services for the SDA’s next tranche of proliferated low-earth orbit satellites.
The core operations and integration functions include enterprise management, network management, mission management, payload data management, and constellation monitoring that spans the ground, link, space, and user segments of the architecture. Working with partners at KSAT USA (KSAT Inc.), Raytheon and EMERGENT, the General Dynamics Mission Systems-Iridium team will develop, equip, staff, operate and maintain state-of-the-art, commercial-like operations centers, acquire and operate ground entry points, and lead ground-to-space integration efforts.
Image: Iridium Ground Station, Credit: Ivar Stakvik
“We are incredibly proud to bring our long heritage of mission-critical space and ground communications and networking expertise to the Space Development Agency,” said Chris Brady, president, General Dynamics Mission Systems. “Together with our partners, we’re excited to build the foundation for the SDA’s initial warfighting capability and backbone of Joint All-Domain Command and Control.”
“Iridium, General Dynamics Mission Systems and the U.S. government have a long and successful history of working together and partnering on this project is a natural evolution of our relationship,” said Matt Desch, CEO, Iridium. “Iridium's 25 years of experience operating in LEO makes us uniquely qualified for this opportunity, and we’re honored to take on this tremendous responsibility in support of this next generation network.”
About General Dynamics Mission Systems
General Dynamics Mission Systems, a business unit of General Dynamics provides mission-critical solutions to the challenges facing defense, intelligence and cyber security customers across all domains. Headquartered in Fairfax, Virginia, General Dynamics Mission Systems employs more than 12,000 people worldwide. For more information about General Dynamics Mission Systems’ broad portfolio of capabilities, visit gdmissionsystems.com or follow @GDMS on Twitter.
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 2019, the company completed a generational upgrade of its satellite network and launched its new specialty broadband service, Iridium Certus®. 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.
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Media Points of Contact:
General Dynamics Mission Systems | Iridium | ||||
Tom Crosson | Jordan Hassin | ||||
202-309-7583 | 703-287-7421 | ||||
tom.crosson@gd-ms.com | jordan.hassin@iridium.com | ||||