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Stock Market & Financial Investment News

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March 24, 2014
12:46 EDTIRDMIridium's Aireon opportunity underappreciated, says Raymond James
Aireon is Iridium's global air traffic control system that will begin launching in 2015 through a series of low Earth orbit satellites. Raymond James said the Malaysian Airlines tragedy highlights the shortcomings of the current global air traffic control system and Airon is not fairly reflected in Iridium's stock price. The analyst expects shares to react favorably in the coming weeks and months as investors appreciates the opportunity and the FAA joins other Air Navigation Service Providers that have already signed contracts with the company. Shares are Outperform rated.
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August 27, 2014
07:06 EDTIRDMIridium continues on track for its NEXT satellite
Iridium (IRDM) announced the successful upgrade of its System Control Segment and completion of its Launch and Early Operations control center for Iridium NEXT, the largest new commercial satellite constellation in the world. The overall development of the SCS is performed by Boeing (BA), which will continue operating the constellation through its transition to Iridium NEXT and beyond as the company's operations and maintenance provider.

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