Company: IRDM
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001418819-25-000009
Chunk: 73

Company: Iridium Communications Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 3
Chunk 73
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 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. 

ITEM 2.     UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Issuer Purchases of Equity Securities

Period(a)Total number of shares purchased(b)Average price paid per share(c)Total number of shares purchased as part of publicly announced plans or programs(d)Maximum dollar value of shares that may yet be purchased under the plans or programsJuly 1-31473,809 $31.65 473,809 $280.3 millionAugust 1-31609,319 $24.61 609,319 $265.3 millionSeptember 1-30823,068 $24.29 823,068 $245.3 millionTotal1,906,196 $26.22 1,906,196 — 

Since initiating share repurchases in February 2021, our Board of Directors has authorized the repurchase of up to $1,500.0 million of our common stock, including the September 2024 authorization to repurchase up to $500.00 million through December 31, 2027. All shares included in the table above were purchased under this authorization in open market transactions. Amounts in the table above do not include commissions incurred or excise taxes payable in connection with the repurchases.