Aireon Acquired by Iridium | Technology M&A Deal

Iridium has acquired Aireon, a technology other business in the aviation satellite surveillance and PNT ecosystem, for $366.7 million. Iridium acquisitions are aimed at combining ADS-B surveillance data, positioning, navigation and timing (PNT), and satellite communications to support aviation safety and global aircraft tracking. Aireon provides space-based ADS-B surveillance services that complement Iridium’s satcom capabilities, strengthening coverage for airlines and air navigation stakeholders. The merger acquisition is a strategic acquisition by a strategic buyer, valued at $366.7 million with additional referenced consideration amounts of $155 million, $100 million, and $30 million, and is announced as a technology M&A deal expected to close under standard conditions.