Aireon Acquired by Iridium | Technology M&A Deal

Iridium has acquired Aireon, a technology other business in the United States, for $366.7 million. Iridium acquisitions focus on aviation safety and global aircraft surveillance, and Aireon provides space-based tracking services that support aircraft monitoring and situational awareness. The Iridium acquisitions strengthen strategic acquisition capabilities in technology M&A by expanding coverage for Aireon’s Aireon-enabled data services used by airlines and aviation stakeholders. The merger acquisition is a strategic acquisition by Iridium, with the technology M&A deal announced at $367 million and expected to close subject to customary conditions.