TYSONS CORNER, VA May 1, 2015 — Executive Mosaic — Iridium Communications posted a 13 percent jump in first quarter revenues for its government services unit, GovCon Wire reported Thursday.
Company financial results indicated that activity attributed to the increase from year-ago figures included Iridium’s $400 million defense contract for airtime services toward combat support.
“When thinking about how our 2015 financial results shape up, we see gains in our M2M, maritime and aviation businesses, but still expect our voice market to be pressured by a strong dollar,” said Matt Desch, Iridium CEO and inductee into Executive Mosaic’s Wash100 for 2015.
“The step-up in our fixed-price airtime contract with the U.S. government will also boost service revenue, as will contributions from new products.”
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