Aireon Acquired by Iridium | Technology M&A Deal

Iridium has completed the acquisition of Aireon, a technology other business in the United States, for $366.7 million. Iridium acquisitions expand satellite-based aviation surveillance capabilities by integrating Aireon’s space-enabled aircraft tracking and safety services into Iridium’s communications network. The Aireon acquisition supports global air traffic monitoring and enhances situational awareness for airlines and air navigation service providers. The merger acquisition is a strategic acquisition by a strategic buyer, classified as technology M&A, with deal status announced and an expected close following customary regulatory review.