Aireon Acquired by Iridium | Technology M&A Deal

Iridium has acquired Aireon, a technology other business in the aviation safety and satellite tracking ecosystem, for $366.7 million. Aireon provides space-based aircraft surveillance data and tracking services that support global air traffic monitoring and safety use cases. Iridium, a strategic satellite communications provider, is using the Aireon acquisition to strengthen aviation connectivity and expand its technology M&A platform acquisition footprint. The Iridium acquisitions are structured as a strategic acquisition and platform acquisition valued at over $100M, with the deal status listed as announced and expected to close subject to customary conditions.