Iridium Awarded $30 Million Research & Development Contract by the United States Army
(NASDAQ: IRDM) today announced it has been awarded a research and development contract worth up to $30 million by the United States Army (Army) to develop a payload to be hosted on small satellites that supports navigation systems, guidance and control for the global positioning system (GPS) and GPS-denied precision systems.
- (NASDAQ: IRDM) today announced it has been awarded a research and development contract worth up to $30 million by the United States Army (Army) to develop a payload to be hosted on small satellites that supports navigation systems, guidance and control for the global positioning system (GPS) and GPS-denied precision systems.
- The new experimental Iridium payload is intended to be hosted by another Low Earth Orbit (LEO) commercial satellite constellation, complementing the Iridium constellation's capabilities.
- "Iridium has always been focused on providing innovative, reliable and high-value services to the U.S. warfighter," said Scott Scheimreif, executive vice president, government programs, Iridium.
- For this contract, Iridium partners Satelles and SEAKR will bring their expertise as subcontractors to assist with development.