HEADLINE NEWS
Iridium Races Against Bankruptcy Deadline
WASHINGTON It’s D-Day for Iridium. This week, the $4.85-billion global satellite venture must reach a debt restructuring agreement with its investors, lenders and bondholders. Without one, Iridium likely would have to file for bankruptcy protection or, at the extreme worst, liquidate and sell off its constellation of 66 low-Earth orbit satellites.
By JOSEPH C. ANSELMO4 min