This acquisition may indicate Iridium's strategic expansion into air traffic surveillance, which could enhance its competitive position in the satellite services market. The deal suggests a growing demand for space-based air traffic management solutions, which may benefit other industry players.
Satellite Network Expands Portfolio With Air Traffic Surveillance
Iridium has entered into a definitive agreement to acquire the Aireon space-based air traffic surveillance system for $366.7 million. The system, which is hosted on Iridium’s satellite network, will add to the company’s portfolio of voice, data, and position, navigation, and timing services. The acquisition was reported by Aviation Week.
This acquisition may indicate Iridium's strategic expansion into air traffic surveillance, which could enhance its competitive position in the satellite services market. The deal suggests a growing demand for space-based air traffic management solutions, which may benefit other industry players.
Satellite Network Expands Portfolio With Air Traffic Surveillance
Iridium has entered into a definitive agreement to acquire the Aireon space-based air traffic surveillance system for $366.7 million. The system, which is hosted on Iridium’s satellite network, will add to the company’s portfolio of voice, data, and position, navigation, and timing services. The acquisition was reported by Aviation Week.