Insider Selling Cluster at Iridium Tops $8 Million as Defense and Space Executives Trim Holdings
Five separate Iridium insiders — including the COO, CLO, CAO and a director — disposed of stock in a concentrated window, with parallel sales at Kratos Defense and Mercury Systems raising governance questions across the aerospace and defense complex.
Iridium Communications disclosed at least five insider sales totaling more than $8 million, led by a $4.3 million COO disposition. Concurrent sales at Kratos Defense and Mercury Systems point to broad executive profit-taking in defense and space names.
SPECIAL REPORTBEARISH