공고 • Jul 07
Iridium Communications Inc. (NasdaqGS:IRDM) completed the acquisition of the remaining 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited. Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreement to acquire the remaining 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million on May 13, 2026. The total purchase price of approximately $366.7 million will be paid 50% at closing and 50% on the one-year anniversary. Iridium will also assume Aireon's outstanding debt, expected to be approximately $155 million at closing. At Closing, Iridium will enter into the Credit and Guaranty Agreement pursuant to which the Sellers will provide IIridium with a $183.36 million term loan, bearing no interest, and maturing one year following the Closing, to fund the deferred portion of the purchase price. The loan will be secured by a first-priority lien on the equity interests of Aireon and other intermediate holding company entities.
The Closing is subject to customary conditions, including the accuracy of representations and warranties, performance of covenants, and receipt of required regulatory approvals including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is targeted to close in early July. The acquisition of Aireon is accretive to Iridium's growth outlook; over the past three years, Aireon's total revenue has grown at a compound annual growth rate (CAGR) of 10%. Iridium expects the acquisition will result in at least an additional consolidated $100 million of service revenue and $30 million of OEBITDA on an annualized basis.
Evercore Inc. acted as financial advisor for Iridium Communications Inc. Josh Holleman of Cooley LLP acted as legal advisor for Iridium Communications Inc. Milbank LLP acted as legal advisor for Iridium Communications Inc. PJT Partners LP acted as financial advisor for Aireon LLC. Steven Kaufman, Joseph Gilligan and Gabrielle Witt of Hogan Lovells US LLP acted as legal advisor for Aireon LLC. RBC Capital Markets, LLC acted as financial advisor for NAV CANADA. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for NAV CANADA.
Iridium Communications Inc. (NasdaqGS:IRDM) completed the acquisition of the remaining 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited on July 6, 2026. Don Thoma will continue to serve as Aireon's Chief Executive Officer and will report to Iridium's Chief Executive Officer Matt Desch, ensuring both leadership continuity and close alignment with Iridium's broader strategy. The completion of the acquisition expands Iridium's role in the aviation ecosystem by combining Aireon's space-based air traffic surveillance and aviation intelligence services with Iridium's global satellite communications network and resilient PNT capabilities. Upcoming Dividend • Jun 15
Upcoming dividend of €0.29 per share Eligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.4%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.9%). Reported Earnings • May 17
First quarter 2026 earnings released First quarter 2026 results: €0.042 loss per share. Revenue: €196.0m (up 13% from 1Q 2025). Net loss: €22.7m (loss narrowed 23% from 1Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe. 공고 • May 16
Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreementto acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million. Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreement to acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million on May 13, 2026. The total purchase price of approximately $366.7 million will be paid 50% at closing and 50% on the one-year anniversary. Iridium will also assume Aireon's outstanding debt, expected to be approximately $155 million at closing. At Closing, Iridium will enter into the Credit and Guaranty Agreement pursuant to which the Sellers will provide IIridium with a $183.36 million term loan, bearing no interest, and maturing one year following the Closing, to fund the deferred portion of the purchase price. The loan will be secured by a first-priority lien on the equity interests of Aireon and other intermediate holding company entities.
The Closing is subject to customary conditions, including the accuracy of representations and warranties, performance of covenants, and receipt of required regulatory approvals including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is targeted to close in early July. The acquisition of Aireon is accretive to Iridium's growth outlook; over the past three years, Aireon's total revenue has grown at a compound annual growth rate (CAGR) of 10%. Iridium expects the acquisition will result in at least an additional consolidated $100 million of service revenue and $30 million of OEBITDA on an annualized basis.
Evercore Inc. acted as financial advisor for Iridium Communications Inc. Josh Holleman of Cooley LLP acted as legal advisor for Iridium Communications Inc. Milbank LLP acted as legal advisor for Iridium Communications Inc. PJT Partners LP acted as financial advisor for Aireon LLC. Steven Kaufman, Joseph Gilligan and Gabrielle Witt of Hogan Lovells US LLP acted as legal advisor for Aireon LLC. RBC Capital Markets, LLC acted as financial advisor for NAV CANADA. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for NAV CANADA. 공고 • Apr 07
ENAV S.p.A., Annual General Meeting, May 14, 2026 ENAV S.p.A., Annual General Meeting, May 14, 2026, at 11:00 W. Europe Standard Time. Location: via salaria 716 00138, roma Italy Declared Dividend • Mar 30
Dividend increased to €0.29 Dividend of €0.29 is 7.4% higher than last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 68% to bring the payout ratio under control. EPS is expected to grow by 67% over the next 3 years, which should be enough to bring the dividend into a sustainable range. 
