Iridium’s forecast of 7.9% CAGR in service revenue to 2030 includes broader collaboration with US military

by Peter B. de Selding

PARIS — Mobile satellite services service provider Iridium Communications' forecast of an average 7.9% annual increase in service revenue in the next seven years, to reach $1 billion in 2030, includes substantial presumed growth in its U.S. military business.

The U.S. Defense Department has been an anchor customer for Iridium for over two decades and recent developments suggest it will play a key role in the revenue increase as Iridium finds new ways to further embed itself into U.S. military missions.

In Iridium’s . . .

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