Iridium Finishes $3 Billion Constellation Replacement With Next
The last of Iridium's original satellite constellation satellites were deactivated Tuesday, simultaneous with its 65th and 66th Next constellation satellites being activated and completing the company's $3 billion replacement of that first-generation constellation, CEO Matt Desch told reporters in Washington…
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Wednesday. "I can't believe we are done," said Chief Financial Officer Tom Fitzpatrick. The final Next launch was in January (see 1901110024). Iridium built 81 Next satellites, with 66 now in operation, nine spares in orbit and another six spares on the ground, Desch said. Since there haven't been any Next failures, that constellation should have a lifespan of at least 15 years, with the company not having to start contemplating replacing Next satellites for at least a decade, Desch said. Fitzpatrick said instead of $435 million annually in capital spending, Iridium anticipates spending $35 million yearly for the next decade on maintenance. Desch said 47 satellites from its original constellation have de-orbited, five others are in the process and the remaining 13 will de-orbit over the next couple of months.