Iridium (IRDM) secures a five-year contract from Space Systems Command valued at roughly $94 million with a potential total value of $103 million.
EchoStar Corporation, Iridium Communications and Globalstar are part of the Zacks Industry Outlook article.
Global security threats and increasing defense budgets bode well for Zacks Satellite and Communication industry participants like EchoStar (SATS), Iridium (IRDM) and Globalstar (GSAT).