What Happened
Deal Expands Air Traffic Network Capabilities
Iridium has completed its acquisition of Aireon, a deal that adds space-based air traffic surveillance and aviation intelligence services capabilities to its portfolio. Aireon will operate as a subsidiary, with Don Thoma continuing as CEO, and will focus on delivering air traffic surveillance and aviation data services. The acquisition comes as Iridium prepares for its own $8 billion takeover by Rocket Lab, as reported by Washington Technology.