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AEROSPACE NEWS

Iridium Acquires Aireon for $367M

Key Takeaways
  • Iridium buys Aireon for $367 million.
  • Aireon provides aircraft tracking services.
  • Deal expands Iridium's aviation safety business.
  • Aireon tracks 13,000 aircraft at any given time.
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Strategic Implications

This acquisition may indicate Iridium's strategic push into aviation safety and surveillance, which could strengthen its competitive position in the satellite communications market. The deal suggests a growing demand for space-based services in the aviation sector, which could benefit Iridium's business.

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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.

Source

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JUMPSEAT
AEROSPACE NEWS
JUMPSEAT
AEROSPACE NEWS

Iridium Acquires Aireon for $367M

Sponsored by: Jumpseat Solutions
Key Takeaways
  • Iridium buys Aireon for $367 million.
  • Aireon provides aircraft tracking services.
  • Deal expands Iridium's aviation safety business.
  • Aireon tracks 13,000 aircraft at any given time.
Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.
Sign In
Silver membership required Upgrade to Silver to access Key Takeaways.
Upgrade
Strategic Implications

This acquisition may indicate Iridium's strategic push into aviation safety and surveillance, which could strengthen its competitive position in the satellite communications market. The deal suggests a growing demand for space-based services in the aviation sector, which could benefit Iridium's business.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.
Sign In
Silver membership required Upgrade to Silver to access Strategic Implications.
Upgrade

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.

Source

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