Eutelsat to Deliver IRDM's Certus & STL Services to US Government

Core Insights - Iridium Communications Inc. (IRDM) has partnered with Eutelsat Group's subsidiary Eutelsat America Corp. and OneWeb Technologies Inc. to provide Iridium Certus and Iridium Satellite Time and Location (STL) services to U.S. government clients [1] - The partnership aims to enhance government services with a GNSS-resilient LEO Ku-Band/L-band solution, improving connectivity and remote terminal management capabilities [2] - Iridium's acquisition of Satelles, Inc. has strengthened its STL service offerings, which are crucial in areas lacking GPS or GNSS signals, with a target of achieving $1 billion in annual service revenues by 2030 [3] Group 1: Partnership and Services - EACOWT will deliver Iridium Certus and STL services to U.S. government clients through contracts with the U.S. Space Force [1] - The combination of OneWeb Technologies' satellite network and Iridium's services provides a strong alternative for positioning, navigation, and timing (PNT) information [2] Group 2: Financial Performance and Projections - In Q3 2024, IRDM's total service revenues increased by 5$159.9 million, driven by a growing subscriber base [3] - The Iridium STL business is projected to generate over $100 million in service revenue annually by 2030 [3]