Iridium Communications Watchlist

Iridium Communications: Stable Core Business Meets new Growth Drivers. Oppenheimer Sees Further 35% Upside Potential.

S. Bank
Reading Time: 2 minutes

Iridium Communications (IRDM) operates a global satellite communication network (L-Band) that provides voice and data services independent of terrestrial infrastructures. The business model is based on recurring service fees (subscriptions), the sale of end devices/modules, and engineering services.  Strong position in the US defense sector   In the government sector, the primary customer is the US Department of Defense (DoD) with the EMSS contract, which guarantees stable and recurring revenues. Collaboration with the US Space Force and...

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