IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: B-MAN who started this subject	12/8/2000 10:41:57 AM
From: Maurice Winn	Read Replies (1) of 2693

yahoo.cnet.com for the record: Pentagon signs phone deal with Iridium By Corey Grice Staff Writer, CNET News.com December 7, 2000, 1:05 p.m. PT The U.S. Defense Department has signed a $72 million, two-year deal to use Iridium Satellite's space-based phone network to provide secure voice communications for the Navy and other government users. The deal, signed late Wednesday, calls for Iridium Satellite, a company that is purchasing the assets of Iridium from bankruptcy court, to provide unlimited use for up to 20,000 government workers. The Defense Department has the option to extend the contract through 2007 for $252 million. >

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