Iridium’s first-quarter results surpass expectations

MCLEAN, Va. — Iridium Communications on Tuesday reported first-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier.

The McLean, Virginia-based company said it had net income of 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The satellite phone company posted revenue of $168.2 million in the period, which also beat Wall Street forecasts. Four analysts surveyed by Zacks expected $156.3 million.

More In GEOINT

Pentagon trials drone-spotting air traffic suite at US bases worldwide

The Air Force Research Laboratory's CLUE system could help military and civil agencies better integrate drone operations into the airspace.

Air Force review spotlights risks in space agency’s go-fast approach

The report recommends SDA make process and culture changes as it looks to scale from handfuls of demo satellites to hundreds of operational spacecraft.

‘Made-in-America’ drone maker Neros awaits its big Pentagon break

The company aims to increase its production capacity from 1,500 drones per month to 10,000 by the end of this year.

Researchers home in on origins of Russia’s Baltic GPS jamming

Analysts have been tracking Russian electronic warfare from across the Gdańsk Bay, pinpointing familiar sites in Kaliningrad.

Space Force rethinking plans for proliferated satellite communications

The service is studying alternatives to the Space Development Agency's Transport Layer, which is providing small satellites for tactical communications.