On Schedule for Launch

All systems are go for Iridium NEXT — nothing less than the world’s largest ongoing commercial space venture. Iridium is on schedule to fully replace its current satellite constellation, also the world’s largest commercial satellite system, with first launch expected in 2015.

Iridium continues to achieve key milestones in its comprehensive plan for funding, building and deploying Iridium NEXT. Specifically, prime contractor Thales Alenia Space has made significant progress in designing the Iridium NEXT constellation. In addition to internal resources and anticipated revenues from hosted payload capabilities, Coface, France’s export credit agency (ECA), has provided backing for the financing of Iridium NEXT by nine banks, providing up to $1.8 billion in credit to fund the project

Iridium NEXT key milestones