PARIS — Mobile satellite services provider Iridium has renewed its showcase contract with the U.S. Department of Defense for $738.5 million over seven years, a renewal that includes a 32% increase in annual commitments and a two-year increase, two seven years, in contract duration compared to the previous arrangement.
Under the contract, the U.S. military, which has long been Iridium’s biggest customer, will have unlimited use of the Iridium constellation, which has recently been refreshed with new satellites as part of a $3 billion capital program.
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