On July 2, 2026, Iridium Communications Inc. completed the acquisition of the remaining 61% equity interest in Aireon Holdings LLC for approximately $366.7 million. The purchase price consisted of 50% cash and a $183.36 million interest-free term loan from the sellers maturing in one year. Iridium also provided a parent guarantee for Aireon LLC's existing credit facility, which has an outstanding principal balance of $154.7 million. Additionally, on July 6, 2026, the company approved cash retention awards for CFO Vincent J. O'Neill ($409,999.98) and CLO Kathleen A. Morgan ($873,036.32) to incentivize the consummation of a pending merger with Rocket Lab Corporation. Iridium operates in the satellite communications industry, providing global voice and data services.
