Iridium completes its acquisition of Aireon
Iridium acquired the remaining interests in Aireon, making the space-based air-traffic surveillance operator a wholly owned subsidiary.
Evidence notes
- Aireon continues to operate as a distinct subsidiary under chief executive Don Thoma.
- The combination brings ADS-B surveillance and aviation-data services alongside Iridium communications and resilient PNT infrastructure.
- The completed purchase followed an agreement for approximately $366.7 million for the remaining 61% equity interest.