What Happened
Satellite Operator Expands Aviation Safety Services Portfolio
Iridium Communications has completed its takeover of Aireon, a venture that provides aviation safety services using Iridium satellites and Automatic Dependent Surveillance-Broadcast (ADS-B) signals. The $367 million deal brings Aireon fully in-house ahead of Iridium’s planned $8 billion sale to Rocket Lab. Aireon will continue to operate as a wholly owned subsidiary, with plans to invest in new technologies and innovations to make aviation safer and more efficient. This development was first reported by SpaceNews.