Company: IRDM
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001418819-25-000009
Chunk: 68

Company: Iridium Communications Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 2
Chunk 68
---
, we would lose a significant portion of our revenue. 

In addition to budget policy uncertainty, government shutdowns, the use of continuing resolutions, and the federal debt ceiling could adversely affect the funding for our U.S. government contracts or entering into new contracts, including renewals. For 

30

example, if the current government shutdown, which began October 1, 2025, continues for an extended period of time, we could experience a delay or suspension of funding for our U.S. government contracts and delay on new contract awards, which could disrupt our cash flows.

Further, operational control of some of our contracts has been moved from the Defense Information Systems Agency to the U.S. Space Force. In connection with this operational shift, changes in internal pricing and cost recovery have resulted in reduced subscribers under the EMSS contract. Lower subscriber use may negatively affect our ability to negotiate a renewal of the EMSS contract on favorable terms in 2026, which could reduce our revenue from that contract.