What Happened
Expanding Aviation Safety Business Through Acquisition
Iridium Communications is acquiring Aireon, an aircraft-tracking venture, for $367 million to expand its aviation safety business. Aireon provides tracking services using Automatic Dependent Surveillance-Broadcast signals and has been tracking 13,000 aircraft at any given time. The deal includes agreements with air navigation service providers to extend data services and could lead to the development of new space-based services. This acquisition was reported by SpaceNews.