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Iridium approves $500M stock buyback, total program reaches $1.5B

Space Daily Friday, 20 September 2024 ()
Iridium approves $500M stock buyback, total program reaches $1.5BLos Angeles CA (SPX) Sep 20, 2024

Iridium Communications Inc. (Nasdaq: IRDM), a leader in global satellite communications, has announced that its Board of Directors has authorized an additional $500 million share repurchase program, extending through December 31, 2027. This new authorization is the fourth of its kind in four years, bringing the total share buyback program to $1.5 billion. The latest authorization is the largest
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