Iridium has agreed to combine with an affiliate of New York investment bank Greenhill & Co. as part of a strategy to raise $500 million in seed capital for deployment of its next-generation satellite communications network.
Iridium Satellite LLC
Iridium has agreed to combine with an affiliate of New York investment bank Greenhill & Co. as part of a strategy to raise $500 million in seed capital for deployment of it next-generation satellite communications network.
It’s a success story borne of utter failure. Iridium, after the bankruptcy of the original company (which meant a write-off by parent Motorola of the $5 billion it cost to field a 66-satellite low-earth-orbit constellation), said it expects to post a small profit this year on the strength of its commercial services.
Dassault Falcon Jet selected the Nordam Group to manufacture cabinetry for the Falcon 7X. The deal calls for the Tulsa, Okla.-based company to produce full
“I want what I want, when I want it.” It sounds like the petulant voice of a pampered diva, or a corporate executive with delusions of grandeur. Actually, it’s pretty much any of us. Perhaps not in such a demanding fashion, but we’d all like to have what we want when we want it. And that is pretty much the driving force behind business aircraft cabin furnishings and equipment.
AirCell is introducing two new airborne telecommunications products, the AST 3500, which combines cellular technology with the Iridium satcom system, and the ST 3100, which relies exclusively on Iridium. Deliveries are scheduled to begin in November.
Less than a year after Blue Sky Network (BSN) declared at NBAA ’01 its intent to provide general aviation with more affordable satcom technology, its CEO, Jon Gilbert, is in Orlando announcing FAA certification and deliveries of airborne equipment.
International Communications Group (ICG) has created an interface between its NxtLink Iridium satellite communication systems and the Tempus remote medical monitoring system from global medical security specialist RDT of the UK. Recent testing showed NxtLink provides Tempus with reliable access to an RS232 port for data transmissions, as well as with additional ports for fax or voice communication.
Icarus Instruments of Tokoma Park, Md., has introduced SatTalk II, a low-cost satcom system that uses the Iridium network of satellites to route calls around the globe. The $6,000 system consists of a Motorola Series 9505 portable telephone, aircraft-mounted docking station and external antenna. The satphone can be removed from its docking station and used on battery power on the ground away from the airplane.
Hoping to duplicate the success of in-flight datalink weather services that have exploded in the U.S., Avidyne (Booth No. 563) is introducing an Iridium-based satellite data transceiver that will deliver weather graphics and text to pilots flying in Europe.