Iridium Communications Inc. (NASDAQ:IRDM) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On November28, 2016, Iridium Satellite LLC, our operating
subsidiary, entered into an Insourcing Agreement with The Boeing
Company. The Insourcing Agreement provides for the termination,
effective on or about January3, 2017, of the Iridium NEXT Support
Services Agreement No. IS-10-019, dated as of May28, 2010, and
other agreements between Iridium Satellite and Boeing, to which
Boeing currently provides services to us relating to the
operation and maintenance of our current satellite constellation
and our next generation satellite constellation, Iridium NEXT, as
well as ongoing development activities related to, among other
things, Iridium NEXT. to the Insourcing Agreement, 182 current
Boeing employees and contractors who provide these services will
be available to become direct employees or contractors of Iridium
Satellite. In connection with this new arrangement, Iridium
Satellite has agreed to pay Boeing a fee of $5.5million, payable
in two installments of $2.75million in 2016 and 2017. In
addition, Iridium Satellite will enter into a development
contract for ongoing design and testing services with Boeing.

Item 1.02 Termination of a Material Definitive
Agreement.

See the disclosure in Item 1.01 above with respect to the
termination of the Iridium NEXT Support Services Agreement
No.IS-10-019, dated as of May28, 2010, which we expect to occur
on or about January3, 2017 under the terms of the Insourcing
Agreement.

Item 7.01 Regulation FD Disclosure.

On November30, 2016, we issued a press release regarding the
Insourcing Agreement. The text of the press release is included
as Exhibit 99.1 to this Form 8-K.

The information contained herein, including Exhibit99.1, is being
furnished and shall not be deemed filed for the purposes of
Section18 of the Securities Exchange Act of 1934 (the Exchange
Act) or otherwise subject to the liabilities of that section, nor
shall such information and Exhibitbe incorporated by reference in
any filing under the Securities Act of 1933 or under the Exchange
Act, except as shall be expressly set forth by specific reference
in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

About Iridium Communications Inc. (NASDAQ:IRDM)

Iridium Communications Inc. is a satellite communications company that offers mobile voice and data communications services. The Company utilizes mesh architecture to route traffic across its satellite constellation using radio frequency crosslinks between satellites. Its lines of business include land mobile, machine to machine, maritime, aviation and government. Its commercial services include postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; machine-to-machine services; Iridium push-to-talk service, and other services. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers. The Company sells its products and services to customers through a wholesale distribution network of approximately 75 service providers, approximately 200 value-added resellers and over 45 value-added manufacturers.

Iridium Communications Inc. (NASDAQ:IRDM) Recent Trading Information

Iridium Communications Inc. (NASDAQ:IRDM) closed its last trading session down -0.05 at 8.90 with 440,234 shares trading hands.