French Guarantee Assures Iridium Next Future

By Michael A. Taverna, Andy Nativi, Frank Morring, Jr.
Paris, Genoa, Washington

A hefty financial guarantee from France will enable Iridium to proceed with a new low-Earth-orbit satellite system that is billed as the biggest commercial space deal ever, including a hosted-payload program potentially worth hundreds of millions of dollars to the satellite operator.

French export credit agency Coface agreed last week to cover 95% of a $1.8-billion facility that would ensure most ...

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