Iridium Communications Acquires Aireon

By Ahmed Jamerson • Wednesday, July 08 10:52 • Permanent Link

Iridium Communications completed its acquisition of Aireon on July 6, expanding its aviation footprint by adding the operator of the world’s only space-based ADS-B air traffic surveillance system.

The deal brings together Aireon’s real-time air traffic surveillance and aviation intelligence services with Iridium’s global satellite communications network and resilient positioning, navigation and timing capabilities. Iridium said the combined platform is aimed at delivering real-time visibility, trusted connectivity and operational data to aviation stakeholders worldwide.

Aireon will continue as a wholly owned subsidiary under Iridium. Don Thoma remains chief executive of Aireon and will report to Iridium CEO Matt Desch. The market has reacted to these announcements by moving the company's shares -0.53% to a price of $50.82. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.