Iridium Communications Inc.

Iridium Communications Inc. announced the completion of its acquisition of the remaining 61% equity interest in Aireon Holdings LLC, which it did not already own. The aggregate purchase price was approximately $366.7 million, with 50% paid in cash and the remainder deferred as a one-year, interest-free term loan from the sellers. As a result, Aireon LLC's existing $154.7 million credit facility will be consolidated, and Iridium has provided an unsecured guarantee for these obligations. This acquisition is expected to expand Iridium's role in the aviation ecosystem by integrating Aireon's space-based air traffic surveillance with Iridium's global satellite network.

Rocket Lab Corporation announced a definitive agreement to acquire Iridium Communications Inc. for $54 per share in a cash and stock transaction, valuing Iridium at approximately $8.0 billion. This strategic acquisition aims to create a fully vertically integrated space powerhouse by combining Rocket Lab's launch and satellite manufacturing capabilities with Iridium's global satellite communications network and L-band spectrum. The transaction is expected to be significantly accretive to Rocket Lab's cash flow and profitability, providing immediate entry into the space applications market and diversifying its financial profile with recurring revenue streams. The deal is anticipated to close in mid-2027, pending regulatory and Iridium stockholder approvals.

Iridium Communications Inc. announced that its Board of Directors declared a cash dividend of $0.15 per share, payable on June 30, 2026. Additionally, at its 2026 Annual Meeting, stockholders approved the Amended and Restated 2015 Equity Incentive Plan, reserving up to 42,947,991 shares for equity awards. Stockholders also elected eleven directors, approved the compensation of named executive officers, and ratified KPMG LLP as the independent registered public accounting firm for 2026.

Iridium Communications Inc. announced a definitive agreement to acquire the remaining 61% equity interest in Aireon Holdings LLC for approximately $366.7 million, which will result in Iridium indirectly owning 100% of Aireon. The purchase price will be paid 50% in cash at closing and 50% deferred as a one-year, interest-free loan from the sellers, with Iridium also assuming $155 million of Aireon's outstanding debt. This acquisition is expected to add at least $100 million in annual service revenue and $30 million in OEBITDA, advancing Iridium's strategy in aviation safety.

Iridium Communications Inc. filed its Form 10-Q for the quarter ended March 31, 2026. The company reported an increase in cash and cash equivalents to $111.6 million, up from $96.5 million at the end of 2025. Total current assets also grew to $309.1 million, primarily driven by higher accounts receivable and prepaid expenses, while inventory saw a slight decrease.

Iridium Communications Inc. announced its financial results for the first quarter ended March 31, 2026. The company reported total revenue of $219.1 million for the quarter. Iridium also reiterated its full-year 2026 outlook, indicating consistent expectations for the remainder of the year.