Avionics
Iridium thrives after restructuring
In 1999, Motorola’s ill-starred Iridium satcom venture declared bankruptcy and was on the verge of maneuvering the service’s 66 satellites to burn up in th

In 1999, Motorola’s ill-starred Iridium satcom venture declared bankruptcy and was on the verge of maneuvering the service’s 66 satellites to burn up in the atmosphere. Today, officials at the re-established satcom operation are promoting the company’s rapidly growing customer base and line of service offerings.

Since it resumed worldwide satcom services in April 2001, Iridium has expanded its user base to more than 100,000 subscribers, including 2,500 in the aviation market. Carmen Lloyd, Iridium chairman and CEO, said the company has consistently added 2,000 to 3,000 subscribers per month since the relaunch of commercial service.

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