Exhibit 10.3


 


AMENDMENT N° 22


 


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.


 


Execution Copy


 




    	 



    	 



    

 


PREAMBLE


 


This Amendment N° 22 (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 14th day of July,
2014 (“Effective Date”) 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,
Purchaser’s customer wishes to have an Auxiliary Component (as defined herein) designated as [***]
integrated on [***] Satellites; and


 


WHEREAS,
Contractor has provided a proposal to Purchaser for the implementation and integration of [***];
and


 


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



 


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:     Article 1
of the Contract is hereby revised to add the following definition.


 


“ADS-B Payload”
means, individually or collectively, the ADS-B receiver sensor or instrument to be integrated with each Satellite, intended to
be launched into the orbital location of such Satellite.


 


“Auxiliary
Component” or “AC” means any auxiliary sensor or instrument or other equipment, software, or both, other than
the ADS-B Payload, that is intended to interface with and is located either inside or outside the Payload Enclosure hosted on any
Satellite.


 


“Payload Enclosure”
means the enclosure which includes the ADS-B Payload and Auxiliary Components.


 


Article
3:    The SOW will be revised to reflect Contractor letter TAS-14-CI/DCE-046, dated March 28, 2014 and related presentation
titled “[***]. 


 


*** 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.


 


Execution CopyIridium / Thales Alenia Space Confidential
& Proprietary


 




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Article
4:    The Base Contract Price set forth in Article 4.1 of the Contract is hereby increased by the amount of [***]
U.S. Dollars (US$ [***]) to a new Base Contract Price of no more
than [***] U.S. Dollars (US$[***]).


 


Article 5:    Article 7.6,
as set forth below, is hereby added to the Contract.


 


“7.6
[***]


 


7.6.1
[***]


 


 


Article
6:   Exhibit D of the Contract is hereby revised to add the following separate milestone payment schedule applicable to
the addition [***].


 


[***]


 


Article
7:   [***] Milestone. Contractor shall support Purchaser
and Purchaser’s customer (the “Customer”) as follows: 


 


[***]


 


Article
8:    The Payment Plan set forth in Exhibit D of the Contract is hereby modified by (i) deleting the US Dollars amount
of $ [***] for [***]
and (ii) inserting the US Dollar amount of $ [***] in place thereof.


 


Article 9:   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 10:   All other
provisions of the Contract not expressly referred to in this Amendment remain in full force and effect.


 


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.


 


Execution CopyIridium / Thales Alenia Space Confidential
& Proprietary


 




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