Iridium Inks 5-Year Contract With L3Harris For Iridium Satellite Time And Location Service

RTTNews | il y a 404
Iridium Inks 5-Year Contract With L3Harris For Iridium Satellite Time And Location Service

(RTTNews) - Iridium Communications Inc. (IRDM) announced Tuesday a new five-year commercial contract with L3Harris Technologies (LHX) for the Iridium Satellite Time and Location (STL) service.

Under the terms, Iridium will provide the STL service to more than three dozen L3Harris-operated communications network backbone nodes and a similar number of Federal Aviation Administration (FAA) facilities throughout the U.S. It will provide a resilient timing sync service to data center facilities across the U.S.

L3Harris owns and operates a private nationwide network for the FAA, providing voice, data, and video communications for the National Airspace System operations and mission support functions.

The Iridium STL service is a vital component of the overall network timing architecture that removes dependencies on GPS as a primary timing source.

Compact devices provided by Adtran's Oscilloquartz division that receive Iridium STL signals are also included in the solution for L3Harris.

read more
Iridium Boosts FY22 Service Revenue Growth Outlook - Update

Iridium Boosts FY22 Service Revenue Growth Outlook - Update

While reporting financial results for the third quarter on Thursday, Iridium Communications Inc. (IRDM) raised its total service revenue growth guidance for the full-year 2022, based upon the momentum seen across all commercial business lines.
RTTNews | il y a 941
Iridium Boosts FY22 Revenue Outlook - Update

Iridium Boosts FY22 Revenue Outlook - Update

While reporting financial results for the second quarter on Tuesday, Iridium Communications Inc. (IRDM) raised its total service revenue growth guidance for the full-year 2022, based upon the momentum still seen from its extensive global ecosystem of business partners.
RTTNews | il y a 1027
U.S. Dollar Higher On Trade Hopes

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
RTTNews | il y a 1
Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.
RTTNews | il y a 1
European Stocks Close Week On Positive Note

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
RTTNews | il y a 1
Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.
RTTNews | il y a 1
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
RTTNews | il y a 1