Iridium Communications Inc Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst : Congrats to you, Don, Tom and the Aireon, Iridium teams on the FAA contract announcement. Matthew Desch;CEO It's been a long time coming, I think, for Don. I'm happy for him and happy for the FAA.

Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst : Yes. That was great. And in terms of the expanded relationship, is the expanding relationship more of like an IT systems relationship in order for the FAA to like enhance its systems in order to be like integrated with Aireon? Or is it something... Matthew Desch;CEO So look, it's a use of Aireon's data set in many more ways and had previously been quite limited. They have expanded the use of the data to use in a number of applications. It's hard for me to go much beyond that. I'd really rather, frankly, that the FAA and Aireon told you more about that. We're just pleased to report that there's been a step up. It's certainly not the complete potential of that relationship and where it ultimately can go in terms of size and revenue and that sort of thing for Aireon and the scope of use of the data yet with the FAA, but it's significantly greater than it had been before and felt it was worth kind of calling out because we've had this discussion for years about when and if the FAA would get more involved with Aireon and take advantage of it. And I think it's important to sort of say we see that happening now.