"Thales Alenia continues to construct the most impressive technology team possible as it builds out Iridium NEXT," said Matt Desch, CEO, Iridium. "Lockheed Martin is a long-time Iridium partner, and we are confident that its payload application software will be a key enabler as we extend our unique connectivity applications, services and devices to a broader user base on Earth and in space through Iridium NEXT."
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2010 sales from continuing operations were $45.8 billion.
About Thales Alenia SpaceFirmly established as one of the two leading European space industry giants and one the traditional six that dominate the communication satellite market worldwide, Thales Alenia Space achieved revenues exceeding Euro 2 billions ( $ 2.75 billion) in 2010. Its 7,200 highly-qualified employees are disseminated on nine industrial sites throughout France, Italy, Belgium and Spain. These include a facility in Rome that was tailor-made for the integration of large series of spacecraft for constellations. In the recent years, Thales Alenia Space's unique competence in this domain was recognized through the award of contracts for 145 satellites designed for LEO and MEO constellations. About Iridium Iridium Communications Inc. ( www.iridium.com) is the only mobile satellite service (MSS) company offering coverage over the entire globe. The Iridium constellation of LEO cross-linked satellites provides critical voice and data services for areas not served by terrestrial communication networks. Iridium serves commercial markets through a worldwide network of distributors, and provides services to the U.S. Department of Defense and other U.S. and international government agencies. The Company's customers represent a broad spectrum of industry, including maritime, aeronautical, government/defense, public safety, utilities, oil/gas, mining, forestry, heavy equipment and transportation. Iridium has launched a major development program for its next-generation satellite constellation, Iridium NEXT. The Company is headquartered in McLean, Va., U.S.A. and trades on the NASDAQ Global Select Market under the ticker symbols IRDM (common stock), IRDMW ( $7.00 warrants), IRDMZ ( $11.50 warrants) and IRDMU (units). For additional information, visit our website: http://www.lockheedmartin.com SOURCE Lockheed Martin
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