Mergers & Acquisitions ·
Iridium Communications Inc. reported second quarter 2026 financial results, including total revenue of $225.2 million…
IRDMIridium Communications Inc.
Iridium Communications Inc. reported second quarter 2026 financial results, including total revenue of $225.2 million, a 4% increase year-over-year. Net income for the quarter was $9.7 million, or $0.09 per diluted share, down from $22.0 million, or $0.20 per diluted share, in the prior-year period. The company announced it is in the process of being acquired by Rocket Lab Corporation, a transaction expected to close in mid-2027. Additionally, Iridium completed the acquisition of Aireon LLC on July 2, 2026, for approximately $366.7 million. Iridium Communications Inc. provides global mobile satellite services, including voice, data, and PNT services.