Iridium announces $500M share repurchase program

Iridium announced that its Board of Directors has authorized the repurchase of an additional $500M of Iridium common stock through December 31, 2027. This is the fourth stock repurchase authorization from the Board of Directors in the past four years and brings the total value of the program to $1.5B. This $500M authorization is also the largest ever approved by the Board of Directors, underscoring the strength of Iridium’s business.