I guess it won't be all Ariane for Iridium NEXT

On Jun 23, 1:27*pm, Rick Jones wrote:.

They must be expecting rather large increases in revenue and earnings
with the next generation satellites to pay-off that debt.

Or that the DOD will bail them out again...
-Mike

"Rick Jones" wrote in message
...
The power of the bankruptcy "do over" is indeed remarkable. I have to
wonder though - they got something on the order of 1.8 billion USD in
credit for the next-gen satellites and launches. Their Q1 2010
revenues were not quite 82 million USD. And they were claiming that
2010 would still come-in at something like 145 to 155 million USD
EBITDA.

They must be expecting rather large increases in revenue and earnings
with the next generation satellites to pay-off that debt.

rick jones
--

That's the "DA" in EBITDA. It assumes things are provided by a fairy
godmother - in effect, this is how much money we made, assuming we got all
the expensive bits for free.