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Iridium Selects Thales Alenia Space to Design and Construct Satellites

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Iridium Communications Inc. [IRDM] June 2 released its comprehensive plan for funding, building and deploying its next-generation satellite constellation, including the execution of a fixed price contract with Thales Alenia Space for the design and construction of satellites for the Iridium NEXT constellation. "Our announcement today exceeds our earlier expectations in every way," said Matt Desch, CEO of Iridium. "We are very pleased with the completion of our comprehensive vendor selection process. We have a great partner in Thales Alenia…

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