NasdaqGS:IRDMTelecom
Iridium’s Aireon Acquisition Deepens Aviation Role And Raises Valuation Questions
Iridium Communications (NasdaqGS:IRDM) is set to acquire full ownership of Aireon, a provider of space-based air traffic surveillance.
The deal will bring Aireon’s aviation surveillance platform fully under Iridium’s control, aligning it with Iridium’s existing satellite network and data services.
The transaction is expected to deepen Iridium’s relationships with aviation partners and expand its role in global safety and mission critical communications.
Iridium Communications, trading at...