Iridium, its satellites & launches on track, now focusing on cash-flow stability

by Peter B. de Selding

Key takeaways from Iridium financial filings and investor call:

— Iridium secured a lower cost from SpaceX to use previously flown Falcon 9 first stages on the next two Iridium launches.

— Iridium has renegotiated payment terms with prime contractor Thales Alenia Space, and won covenant concessions from the French export-credit agency, Bpifrance.

— Iridium will look to replace the Bpifrance facility as soon as possible once its new constellation is in orbit in mid-2018.

— Iridium is counting on payments from its . . .

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