Space: January 24, 2001

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The Pentagon has issued a $72 million contract for use of the Iridium satellite telephone system. The original Iridium company went bankrupt when the satellite phone system proved unpopular and hence unprofitable. A new company, Iridium Satellite, has purchased the assets (i.e., the orbiting flock of satellites) of the old company.--Stephen V Cole

 

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