Iridium Awarded U.S. Department of Transportation Contract for Complementary Positioning, Navigation, and Timing Services Deployment and Testing
Rhea-AI Summary
Iridium (NASDAQ: IRDM) was awarded a U.S. Department of Transportation CPNT Rapid Phase Award II contract on Oct 21, 2025 to deploy and test Complementary Positioning, Navigation, and Timing services nationwide.
Working with T-Mobile (NASDAQ: TMUS), Iridium will support live-site activations and expand installation of Iridium PNT receivers to 90 additional 5G network sites. Iridium PNT offers sub-100-nanosecond timing accuracy, cryptographic signal security, and signals claimed to be 1,000× stronger than GNSS, enabling indoor operation without outdoor antennas via its LEO satellite constellation.
Positive
- Contract award from U.S. DOT under CPNT Rapid Phase Award II
- Deployment to 90 additional 5G sites with T-Mobile
- Sub-100-nanosecond timing accuracy capability
- Signals 1,000× stronger than GNSS and work indoors
Negative
- None.
News Market Reaction 7 Alerts
On the day this news was published, IRDM gained 1.66%, reflecting a mild positive market reaction. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $34M to the company's valuation, bringing the market cap to $2.11B at that time. Trading volume was above average at 1.9x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Iridium to join forces with T-Mobile for live-site activations throughout
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T-Mobile will also perform nominal and adverse user equipment exercises at its testing range. The indoor location, which includes the necessary wireless infrastructure, provides an ideal setting for DOT, Iridium, and T-Mobile to observe and record results.
Capable of sub-100-nanosecond accuracy—better than a millionth of a second—and secured using cryptographic techniques, Iridium PNT signals are 1,000 times stronger than GNSS systems like GPS and work inside buildings with no need for an outdoor antenna. The service is delivered by Iridium's low-Earth orbit (LEO) satellite constellation, which provides truly global weather-resilient L-band connectivity.
To learn more about Iridium PNT, visit www.iridium.com/pnt
About Iridium Communications Inc.
Iridium® is the only mobile voice, data, and PNT satellite network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2024, Iridium acquired Satelles and its positioning, navigation, and timing (PNT) service. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services, and partner solutions, visit www.iridium.com.
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Iridium Communications Inc. |
Iridium Communications Inc. |
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SOURCE Iridium Communications Inc.