Toggle light / dark theme

Iridium folds Aireon aviation safety service into Rocket Lab-bound business

TAMPA, Fla. — Iridium Communications has completed its takeover of Aireon, bringing the aircraft-tracking venture fully in-house ahead of the satellite operator’s planned $8 billion sale to Rocket Lab.

McLean, Virginia-based Iridium said July 6 it had bought the remaining 61% of Aireon it did not already own from air navigation service providers in Canada, England, Denmark, Ireland and Italy.

Aireon, which has provided an aviation safety service since 2019 using Iridium satellites and the Automatic Dependent Surveillance-Broadcast (ADS-B) signals aircraft broadcast, will continue to operate as a wholly owned subsidiary following the $367 million deal.

Leave a Comment

Lifeboat Foundation respects your privacy! Your email address will not be published.

/* */