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Home > Company Index > Telecommunications > Wireless Communications Services > Iridium LLC

Iridium LLC
 NEWS FROM THE STANDARD
FCC Approves Satellite Mobile Phone Services
Jul 18 2001 10:27 AM PDT

Iridium Unveils Global Internet Service
Jun 05 2001 03:50 PM PDT

Leader of the Space Race
Nov 20 2000 12:00 AM PST

Motorola's Next Makeover
Oct 30 2000 12:00 AM PST

Net Satellite Venture to Get $315 Million
Jul 11 2000 05:10 PM PDT

 PROFILE
This space-age idea -- a global satellite phone network -- turned into a lead zeppelin in the marketplace, but the US military thinks it can still fly. The Motorola-led Iridium consortium had declared bankruptcy, shut down commercial operations of its $5 billion system, and announced plans to send its satellites into Earth's atmosphere to burn up. But the consortium instead has sold its operating assets to Iridium Satellite, a new company led by former Pan Am World Airways president Daniel Colussy, for $25 million. The US Department of Defense, a major Iridium customer, has agreed to a new service contract, and Boeing is to replace Motorola as the system's operator.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 0.20
Employees: 536
Revenue per employee: $373.13

 CONTACT INFO
10803 Park Ridge Blvd.
Reston, VA 20191
US
Phone: 703-648-8000
Fax: 703-648-8065

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