Exhibit 10.2


 


AMENDMENT N° 21


 


TO THE


 


FULL SCALE SYSTEM DEVELOPMENT CONTRACT


 


No. IS-10-021


 


Between


 


Iridium
Satellite LLC


 


And


 


THALES ALENIA SPACE FRANCE


 


for the


 


IRIDIUM NEXT SYSTEM


 


*** Certain confidential information contained in this document,
marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of
the Securities Exchange Act of 1934, as amended.


 




    	 



    	 



    

 


PREAMBLE


 


This Amendment N° 21 (the “Amendment”)
to the Full Scale System Development Contract No. IS-10-021 signed on June 1, 2010 between Iridium Satellite LLC and Thales Alenia
Space France for the Iridium Next System, as amended, (the “Contract”) is entered into on this 9th
day of July, 2014 by and between Thales Alenia Space France, a company organized and existing under the laws of France, having
its registered office at 26 avenue Jean François Champollion 31100 Toulouse – FRANCE (“Contractor”), and
Iridium Satellite LLC, a limited liability company organized under the laws of Delaware, having an office at 1750 Tysons Boulevard,
Suite 1400, McLean, VA 22102 - USA (“Purchaser”).


 


RECITALS


 


WHEREAS,
the Parties have agreed to implement the [***] feature into NEXT
Satellite design; and


 


WHEREAS,
the Parties have reached agreement on the total price and milestone payment schedule for implementation of the [***] feature.



 


NOW, THEREFORE, in consideration
of the premises and for good and valuable consideration, the receipt and adequacy of which are hereby expressly acknowledged, and
intending to be legally bound, the Parties hereby agree as follows:


 


Article 1:    Capitalized terms
used but not defined in this Amendment shall have the meanings ascribed thereto in the Contract or any amendments thereto, as the
case may be.


 


Article 2:  The SOW and
SPS shall be revised to reflect Contractor’s technical and programmatic proposal IRI-000005002, dated June 2, 2014, excluding
paragraph 3.2.


 


Article
3:  The Base Contract Price set forth in Article 4.1 of the Contract is hereby revised to read [***]
U.S. Dollars (US$ [***]).


 


Article
4:  The dollar amount for each of Milestone numbers [***]
and [***], as set forth in the Payment Plan of Exhibit D of the Contract,
are hereby deleted and replaced in their entirety with the dollars set forth below:


 


[***]


 


Article 5:  This Amendment
may be executed and delivered (including via facsimile or other electronic means) in one or more counterparts, each of which shall
be deemed to be an original, but all of which shall constitute one and the same agreement.


 


 


Article 6:  All other
provisions of the Contract not expressly referred to in this Amendment remain in full force and effect.


 


*** Certain confidential information contained in this document,
marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of
the Securities Exchange Act of 1934, as amended.


 


Iridium / Thales Alenia Space
Confidential & Proprietary


 




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IN WITNESS WHEREOF, the Parties
have executed this Amendment by their duly authorized officers as of the date set forth in the Preamble.


 


	IRIDIUM SATELLITE LLC	 	THALES ALENIA SPACE FRANCE
	 	 	 
	/s/ S. Scott Smith	 	/s/ Bertrand Maureau
	S. Scott Smith	 	Bertrand Maureau
	Chief Operating Officer	 	Vice President 
	 	 	Telecommunications Business Line


   


*** Certain confidential information contained in this document,
marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of
the Securities Exchange Act of 1934, as amended.


 


Iridium / Thales Alenia Space
Confidential & Proprietary 


 




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