OT Iridium (Was: Re: classiccmp-digest V1 #615)

From: Chuck McManis <cmcmanis_at_mcmanis.com>
Date: Thu May 31 09:01:20 2001

Iridium is not dead, it is simply a military network now. Boeing "bought
it" out of bankruptcy court for about $25 million (not a bad deal) and the
Pentagon has a long term contract to use it. The current plan is to not
send up any spares and decommission the system when enough birds run out of
gas that they can't keep the constellation up.

--Chuck
(former IRID investor)
Received on Thu May 31 2001 - 09:01:20 BST