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BRIEF-Iridium to enter into a separate development services contract with Boeing
November 30, 2016 / 12:45 PM / 9 months ago

BRIEF-Iridium to enter into a separate development services contract with Boeing

Nov 30 (Reuters) - Iridium Communications Inc -

* Iridium and Boeing restructure relationship to help ensure smooth transition into the Iridium next era

* In addition, Iridium will enter into a separate development services contract with Boeing

* Affected Boeing employees working in Iridium satellite constellation to be offered positions within Iridium

* As per agreement, co to hire majority of Boeing team that does operations/maintenance on co's satellites, beginning January 3, 2017 Source text for Eikon: Further company coverage:

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