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Archives for June 2021

Iridium Awarded $30 Million Research & Development Contract by the United States Army

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MCLEAN, Va., June 24, 2021 — Iridium Communications Inc. (NASDAQ: IRDM) today announced it has been awarded a research and development contract worth up to $30 million by the United States Army (Army) to develop a payload to be hosted on small satellites that supports navigation systems, guidance and control for the global positioning system (GPS) and GPS-denied precision systems.

‘The new experimental Iridium payload is intended to be hosted by another Low Earth Orbit (LEO) commercial satellite constellation, complementing the Iridium® constellation’s capabilities.

A rendering of the Iridium payload to be hosted by another LEO constellation on behalf of the U.S. Army.
A rendering of the Iridium payload to be hosted by another LEO constellation on behalf of the U.S. Army.

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Filed Under: GPS

NextNav to Combine with Spartacus Acquisition Corporation Resulting in NextNav Becoming a Public Company

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DULUTH, Ga. & MCLEAN, Va.–(BUSINESS WIRE)–NextNav, a leader in next generation GPS, and Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, and TMTSU) (“Spartacus” or the “Company”), a special purpose acquisition company, today announced their entry into a definitive merger agreement (the “Merger Agreement”) that will result in NextNav becoming a public company. Upon closing of the business combination (the “Transactions”), the combined company will be named NextNav Inc., and its common stock and warrants will be listed on the Nasdaq under the ticker symbol “NN” and “NNW”, respectively. [Read more…]