Iridium Communications (IRDM) said Tuesday it has been awarded a $239 million share of a $491.6 million contract modification from the Space Development Agency, or SDA, over five years.
In partnership with General Dynamics Mission Systems, the contract supports the Ground Management and Integration program for the Proliferated Warfighter Space Architecture.
The two companies will develop a ground system in collaboration with the SDA and other stakeholders. Their responsibilities will include integrating the ground enterprise with the agency's Tranche 2 constellation, encompassing engineering design, analysis, testing, maintenance, infrastructure management, and site support services.
This contract builds on an initial Operations and Integration award from 2022, which focused on establishing ground entry points and managing network operations.
Price: 30.78, Change: +0.75, Percent Change: +2.49
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.