Iridium & GDMS Secure $491.6M SDA Contract: IRDM Stock to Gain?

Iridium Communications Inc. (IRDM) and General Dynamics Mission Systems ("GDMS") have jointly received a $491.6 million contract modification from the Space Development Agency ("SDA") for its Ground Management and Integration (GMI) program, which supports the Proliferated Warfighter Space Architecture (PWSA). Iridium's share of this total is valued at $239 million over five years. This recent award builds on the initial Operations and Integration Contract awarded in 2022, which focused on creating ground en ...