Iridium Completes Acquisition of Aireon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Iridium Communications announced that it has completed its acquisition of Aireon. As part of Iridium, Aireon will continue operating as a wholly owned subsidiary focused on delivering industry-leading air traffic surveillance and aviation data services. Don Thoma will continue to serve as Aireon's Chief Executive Officer and will report to Iridium's Chief Executive Officer Matt Desch, ensuring both leadership continuity and close alignment with Iridium's broader strategy.
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Analyst Views on IRDM
Wall Street analysts forecast IRDM stock price to fall
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 52.590
Low
16.00
Averages
25.83
High
37.00
Current: 52.590
Low
16.00
Averages
25.83
High
37.00
About IRDM
Iridium Communications Inc. is a provider of global voice, data, and positioning, navigation and timing (PNT) satellite services. The Company is a commercial provider of communications services offering true global coverage, connecting people, organizations and assets to and from anywhere, in real time. Its principal vertical lines of business include land mobile, maritime, aviation, Internet of things (IoT), hosted payloads and other data services, which includes navigation and timing (PNT), and the United States government. Its handset offerings include Iridium 9555, Iridium Extreme, Iridium Extreme PTT, Iridium GO!, and Iridium GO! Exec. The Company's primary business is to provide voice and data communications services to businesses, the United States and foreign governments, non-governmental organizations, and consumers via our satellite network, which has an architecture of over 66 operational satellites with in-orbit spares and related ground infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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