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Financial Reports/News
Iridium Reports Fourth Quarter 2020, Issues Full Year 2021 Guidance; Matt Desch Quoted
by Sarah Sybert
Published on February 11, 2021
Iridium Reports Fourth Quarter 2020, Issues Full Year 2021 Guidance; Matt Desch Quoted

Iridium Communications has reported its financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance, the company announced on Thursday. The company reported fourth-quarter total revenue of $146.5 million, which consisted of $116.9 million of service revenue and $29.6 million of revenue related to equipment sales and engineering and support projects. 

Total revenue increased five percent versus the comparable period of 2019, while service revenue grew three percent from the prior year. from the year-ago period. Service revenue was 80 percent of total revenue for the fourth quarter of 2020.

"I am incredibly proud of the results Iridium delivered this year in the face of an unprecedented business environment. The resilience of our wholesale business model and double-digit subscriber growth in 2020 are testaments to the strength of our global partner network and the growing demand for Iridium's safety services and mobility platform," said Matt Desch, CEO, Iridium and 2021 Wash100 Award recipient. 

Iridium noted that its net loss for the fourth quarter of 2020 was $7.9 million, as compared to net loss of $107.9 million in the same quarter of 2019. The company’s net loss improvement was primarily due to debt extinguishment costs associated with Iridium's refinancing in the fourth quarter of 2019. 

The company’s Operational EBITDA for the fourth quarter was $84.8 million, as compared to $80.1 million for the prior-year period, representing a year-over-year increase of 6 percent.  OEBITDA primarily benefited from increased commercial service revenue and engineering and support work for the government.

The Company ended the quarter with nearly 1.5 million total billable subscribers, which compares to 1.3 million for the year-ago period and is up from 1.4 million for the quarter ended September 30, 2020. Total billable subscribers grew 14 percent year-over-year, driven by growth in commercial IoT and government business.

For the full year, Iridium reported net loss of $56.1 million, compared to net loss of $162.0 million for 2019. Iridium reported record total revenue in 2020 of $583.4 million, which was up four percent from the year-ago period. 

The company’s total revenue included $463.1 million of service revenue and $120.3 million of revenue related to equipment sales and engineering and support projects. OEBITDA for 2020 was $355.6 million, a seven percent increase from $331.7 million in the prior year, representing an OEBITDA margin of 61 percent. Capital expenditures were $38.7 million for the full-year 2020.

Iridium has issued its full-year 2021 outlook and reiterated, projecting revenue growth of approximately three percent full-year 2021. Additionally, Iridium expects full-year 2021 OEBITDA to be between $365 million and $375 million. 

Commenting on Iridium's share repurchase authorization and capital priorities, Desch said, "In light of Iridium's strengthening capital position and continued opportunities for growth, I am happy to announce that our Board of Directors approved the first share repurchase program in the Company's history.”

“This program authorizes the repurchase of up to $300.0 million of Iridium common stock through December 31, 2022, and demonstrates Iridium's commitment to long-term value creation through returns of capital to shareholders," Desch added. 

Iridium Reports Fourth Quarter 2020, Issues Full Year 2021 Guidance; Matt Desch Quoted

Desch received his 2021 Wash100 Award for stewarding the company through the launch of its broadband service upgrade, satellite cloud-based offering for internet of things and maritime emergency response system. 

Executive Mosaic congratulates Matt Desch and the Iridium team for their selection to the 2021 Wash100 Award. To vote for Desch, or your favorite executive of this year’s Wash100 Award selection, visit Wash100.com to cast your TEN votes, learn more about the history of the award and read more about the latest class of winners from 2021.

Executive Moves/News
SPA’s William Vantine to Serve as Member on NASA ISS Advisory Committee
by Sarah Sybert
Published on February 11, 2021
SPA’s William Vantine to Serve as Member on NASA ISS Advisory Committee

Dr. William Vantine, president and chief executive officer of Systems Planning and Analysis (SPA), has been appointed as a member of the NASA International Space Station (ISS) Advisory Committee for another term, the company reported on Thursday.

“It is my honor and privilege to continue to serve on this Advisory Committee, and I look forward to supporting NASA, our Nation, and all of our International Partners in ensuring the continued success of the International Space Station,” Vantine said.

As a member of the committee, Vantine will provide advice and recommendations to NASA on the safety and operational readiness of the ISS. He will also help assess the possibilities for using the ISS for future space exploration.

Vantine will participate in independent and joint meetings with Russia’s Roscosmos Advisory Expert Council to assess ISS spaceflight operations and any additional issues identified in accordance with the committee charter.

“The work we are doing on the ISS is key to learning how to live and work in space and to our nation’s further development of innovative technologies,” Vantine added.

Vantine was named to the committee by NASA’s associate administrator for Human Exploration and Operations, Kathryn Lueders. The Advisory Committee is chaired by Lt. General Thomas Stafford, USAF (Ret.).

SPA has provided support to a variety of space agencies. In the past year, the company has received a five-year task order to support technical and engineering functions under the U.S. Space Command’s program management office director.

SPA will help the SPACECOM PMO supervise design, construction and systems integration efforts for command-and-control facilities such as the National Space Defense Center and the Joint Operations Center. The company received the task order under the General Services Administration’s Professional Services Schedule contract.

SPA Australia was also selected as a potential supplier to the Australian Space Agency Support Services Panel in Dec. 2020. Under the agreement, SPA Australia will serve as a potential supplier to support the Australian Space Agency with risk management and specialist support services. The work will be conducted by the SPA Australia office in Canberra with support from its parent company, SPA.

Contract Awards/News
SGT Wins Task Order to Support Space Force 45th Space Wing; Tina Dolph Quoted
by Sarah Sybert
Published on February 11, 2021
SGT Wins Task Order to Support Space Force 45th Space Wing; Tina Dolph Quoted

Siemens Government Technologies (SGT) has been awarded an initial task order for a potential $21 million by the U.S. Army Engineering and Support Center, Huntsville, to provide electronic security maintenance and support of operations for the Space Force 45th Space Wing, the company reported on Thursday.

“Our team at the Cape has more than 49 years of collective experience in supporting the unique needs of our Space Force customer for fire and electronic security, with thorough knowledge of the systems installed for safe, secure and reliable operations,” said Tina Dolph, president and CEO of SGT and 2021 Wash100 Award recipient.

Under the award, SGT will utilize its smart infrastructure expertise to deliver maintenance and support for electronic security systems. The company’s efforts will advance orbital vehicle launches and range operations at Cape Canaveral Air Force Station (CCAFS), Patrick Air Force Base (PAFB) and Kennedy Space Center.

The 45th Space Wing provides support for NASA, the Air Force’s Technical Applications Center and 920th Rescue Wing and the Naval Ordnance Test Unit, which are responsible for national interests in space exploration, strategic defense and deterrence missions.

“We look forward to meeting our customers’ highest expectations for new efficiencies without compromise for safety or security, and we have just the team in place to support the pioneering men and women who are defining our future in Space security, science and exploration,” Dolph added.

With the contract, SGT has expanded its portfolio of building automation, utility monitoring and control systems and enhanced security systems at military installations. SGT secured the task order under the Army Corps of Engineers’ Utility Monitoring and Control Systems fifth generation (UMCS V) contracting vehicle.

Additionally, in Nov. 2019, SGT was selected as one of 14 companies to support the UMCS V contract vehicle. The seven-year, multiple award contract (MAC) has a ceiling value of $1.2 billion. Under UMCS V, SGT has delivered a range of services inclusive of heating, ventilation, chiller/boiler controls, utility metering, automated controls, as well as fire alarm, protection and electronic security.

Government Technology/News
DOD Encourages Self Assessments in Preparation for CMMC Cybersecurity Program’s Further Implementation
by Nichols Martin
Published on February 11, 2021
DOD Encourages Self Assessments in Preparation for CMMC Cybersecurity Program’s Further Implementation

The Department of Defense advises companies to first assess themselves for compliance with the Cybersecurity Maturity Model Certification (CMMC) requirements, as certified CMMC assessors are still not ready to audit for the program, FedScoop reported Wednesday.

Stacy Bostjanick, a DOD official working on CMMC, said companies looking to receive early CMMC approval may first test their own network security, while no existing certified third-party assessor organization or C3PAO is prepared to conduct assessments.

Bostjanick noted that she expects several C3PAO companies to have completed the needed accreditation by early summer. Kratos Defense and Security Solutions is among the first few companies that have received accreditation to become a C3PAO.

The five-tier CMMC model is made to standardize the security controls of controlled unclassified information within the defense industrial base.

Executive Moves/News
Biden Names David Turk, Julie Su as Picks for Energy, Labor Deputy Secretaries
by Christine Thropp
Published on February 11, 2021
Biden Names David Turk, Julie Su as Picks for Energy, Labor Deputy Secretaries

President Biden has selected David Turk, deputy executive director of the International Energy Agency (IEA), and Julie Su, secretary of the California Labor and Workforce Development Agency, to serve as deputy secretaries of the departments of Energy and Labor, respectively.

The White House announced Wednesday the officials are expected to help Secretary of Energy nominee Jennifer Granholm and Secretary of Labor nominee Marty Walsh address energy- and job-related challenges. Both deputy secretary positions need approval from the Senate.

Turk's career includes coordinating DOE's international technology and clean energy initiatives during the Obama administration and serving on the Energy Agency Review Team that made recommendations on DOE issues and offices during the transition to the Biden administration. At IEA, he prioritizes efforts to support countries around the world looking to make clean energy transitions.

Su, on the other hand, works to advise Gov. Gavin Newsom on labor issues and employment programs in California. She served as California labor commissioner from 2011 to 2018, focusing on ensuring fair and just workplace. Her legal career is centered on promoting justice on behalf of poor and disenfranchised communities.

"Turk and Su will help advance President Biden’s Build Back Better agenda by rebuilding America’s middle class and creating an equitable clean energy future we can depend on," the White House announcement reads.

Government Technology/News
DOE Approves Battelle Savannah River Alliance to Manage SRNL; Mark Peters Quoted
by Sarah Sybert
Published on February 11, 2021
DOE Approves Battelle Savannah River Alliance to Manage SRNL; Mark Peters Quoted

The Battelle Savannah River Alliance (BRSA) team has received a Notice to Proceed with Transition, following the Department of Energy’s  (DOE) selection of BRSA to manage the Savannah River National Laboratory (SRNL), Battelle reported on Thursday.

“BSRA’s approach will ensure the delivery of high impact science, technology and engineering solutions into the future through a significant expansion of SRNL’s core competencies and programs,” said Mark Peters, Battelle’s executive vice president for Global Laboratory Operations.

SRNL conducts research and development (R&D) for diverse federal agencies, and it provides solutions that support national environmental, nuclear security, energy and manufacturing challenges. SRNL is also the DOE’s Environmental Management Laboratory, delivering strategic support for the nation’s waste clean-up program.

BSRA is led by and wholly-owned by Battelle, and the team consists of five regional universities, as well as two small business partners. Dr. Vahid Majidi, executive vice president and director of SRNL for the incumbent contractor Savannah River Nuclear Solutions, LLC, will serve as the laboratory director for BSRA. 

“I look forward to working closely with the DOE, the Savannah River Site contractors, our SRNL leadership team, laboratory staff and community members to carry out a seamless transition,” Majidi said.

“Our team offers an exciting, compelling vision for the future of SRNL and provides DOE a leadership team and strategy that will deliver excellence in science and technology, operations, and community engagement,” Peters added. The Battelle-led team announced the potential 10-year, $3.8 billion contract in Dec. 2020. BRSA will begin the 120-day transition period on Feb. 16.

“We are honored by DOE’s decision to award the Savannah River National Laboratory management and operations contract to our team,” said Lou Von Thaer, president and CEO of Battelle and 2021 Wash100 Award recipient, when the award was reported. “We have the lab management experience to make a difference and we’re committed to ensuring the success of this important national resource,” Von Thaer added. 

Government Technology/News
Red River-Cisco Partnership Launches UCaaS; Carl De Groote Quoted
by Sarah Sybert
Published on February 11, 2021
Red River-Cisco Partnership Launches UCaaS; Carl De Groote Quoted

Red River has launched Unified Communications-as-a-Service (UCaaS) in partnership with Cisco, Red River reported on Thursday. The companies’ offering features an integrated collaboration infrastructure for voice and video calling, messaging and mobility.

“The investment in Cisco’s three cloud platforms – HCS-D, UCM Cloud and UCM Cloud for Government – as well as Red River’s proven track record of deploying and managing Cisco solutions, solidifies Red River as a key partner in our unified collaboration strategy,” said Carl De Groote, vice president of Federal at Cisco.

Red River has integrated a variety of Cisco offerings, including Cisco’s Unified Communications Manager Cloud (UCM Cloud) and UCM Cloud for Government. Red River has leveraged UCM Cloud to host the collaboration domains and tools in Cisco’s data centers. The UCaaS offering also includes local and long-distance calling delivered by Red River. 

Red River will deliver tiered Managed Services for end-user support, system administration and security. The offering includes secure cloud gateways in three time zones to provide geographic redundancy.

“Our UCaaS portfolio gives our enterprise, government and defense customers a comprehensive solution to support today’s evolving collaboration needs, while simultaneously enabling business and mission success,” said Tim Rod, CTO at Red River. 

As a Cisco partner, Red River is authorized to offer their Hosted Collaboration Solutions for Defense (HCS-D) to its customers. HCS-D provides cloud-based, unified communications and collaboration applications within a highly secure, virtualized platform under a centralized management system. 

The applications include Impact Level 5 certified voice, video, instant messaging, presence and conferencing to deliver secure collaboration. “This alignment of partnerships between Red River and Cisco brings a new level of excitement to both companies, as we bring modern, secure and flexible collaboration tools to market,” Rod added. 

Executive Moves/News
Tax Reform Expert Nancy Sieger Named IRS’ Full-Time CIO; Chuck Rettig Quoted
by Nichols Martin
Published on February 11, 2021
Tax Reform Expert Nancy Sieger Named IRS’ Full-Time CIO; Chuck Rettig Quoted

Nancy Sieger, who has been the Internal Revenue Service's (IRS) acting chief information officer for almost two years, will take up the role on a full-time basis. Sieger oversees all aspects of IRS' information technology systems, which are essential to the U.S. tax infrastructure, the agency said Tuesday.

She served as the agency's associate CIO for applications development and held other roles related to tax reform and operations in the agency. The tax reform expert also helped IRS implement technology transitions demanded by the Tax Cuts and Jobs Act.

"Nancy has done an exemplary job as acting CIO supporting delivery of two rounds of economic interest payments totaling more than $420 billion along with individual tax refunds of more than $320 billion during the pandemic," said Chuck Rettig, commissioner of IRS.

Government Technology/News
New Joint Systems Integration Lab Hosts First Comms Exercise for Army’s Project Convergence 2021; Kim Moeltner Quoted
by Jane Edwards
Published on February 11, 2021
New Joint Systems Integration Lab Hosts First Comms Exercise for Army’s Project Convergence 2021; Kim Moeltner Quoted

The U.S. Army’s Joint Modernization Command and the DEVCOM C5ISR Center conducted the first of four planned communications exercises at the newly established Joint Systems Integration Lab at Aberdeen Proving Ground in Maryland in January as part of the service’s Project Convergence 2021 initiative, the service reported.

Project Convergence seeks to achieve a multidomain, networked force by 2035 through a series of developmental exercises and efforts. The new facility – JSIL – provided JMC and the DEVCOM C5ISR Center a venue to perform lab-based risk reduction and evaluate system connectivity.

“The DEVCOM C5ISR Center stood up the JSIL as a result of lessons learned during Project Convergence 20,” said Kim Moeltner, systems engineering and integration branch chief. “It allows us to replicate a realistic tactical network environment so we can understand how varying conditions will affect systems’ resilience and reliability.” 

Moeltner said the lab helps the Army achieve cost savings by allowing engineers to assess, validate and integrate emerging application, network and radio technologies in a controlled environment before they are deployed into the field.

System engineers and leaders from Program Executive Office Command, Control, Communications-Tactical, PEO Soldier, Army Test and Evaluation Command, Network Cross-Functional Team and operational units participated in the event.

Government Technology/News
Steve Butow: U.S. Military Eyes New Space Architecture to Facilitate Emerging Tech Integration
by Jane Edwards
Published on February 11, 2021
Steve Butow: U.S. Military Eyes New Space Architecture to Facilitate Emerging Tech Integration

Steve Butow, director of the space portfolio at the Defense Innovation Unit (DIU), said the U.S. military is now looking to migrate to a new space architecture that could allow the government to incorporate emerging technologies and use commoditized satellite buses and related components to build modular systems, SpaceNews reported Wednesday.

“The 20th century model doesn’t exist anymore,” said Butow said Wednesday at the SmallSat Symposium. “We need a logistics infrastructure that that’s not exclusive to the military to civil space or commercial space but a logistics architecture.”

Such an architecture would enable the government to purchase new satellites and use space tug services from the commercial sector to upgrade the spacecraft with new sensors and processors.

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