Iridium to acquire remaining 61% of Aireon for $366.7M; assumes $155M debt

Iridium Communications Inc.

• Purchase price $366.7M for 61% of Aireon; paid 50% at closing, 50% deferred for one year.
• Iridium assumes Aireon's $155M debt; acquisition expected to add $100M annual service revenue and $30M OEBITDA.
• Aireon's total revenue grew at 10% CAGR over past three years; acquisition accretive to growth.
• NAV CANADA and NATS sign extended data services agreements through 2035.
• Transaction targeted to close early July 2026; net leverage expected ~4.0x OEBITDA in Q3 2026, returning to normal within 12 months.