Aireon LLC, the developer of the world’s first satellite-based global air traffic surveillance system, announced today that it has signed a 17-year, $42 million agreement with ITT Exelis (NYSE: XLS) to provide the Automatic Dependent Surveillance-Broadcast (ADS-B) data processing and distribution component of the Aireon℠ system.
Aireon LLC, the developer of the world’s first satellite-based global air traffic surveillance system, announced today that it has finalized a long-term commercial data services contract with NAV CANADA, further demonstrating Aireon’s continued progress towards transforming air traffic communications and helping to establish the global value of Aireon’s service in the market.
ridium Communications Inc. (Nasdaq:IRDM) announced today that it has finalized an agreement with NAV CANADA regarding Aireon LLC, a joint venture that will allow air traffic management agencies around the globe to continuously track aircraft anywhere in the world.
For the first time ever, air traffic management agencies around the globe will be able to continuously track aircraft anywhere in the world. Aireon LLC, a planned joint venture announced today by Iridium Communications Inc. (Nasdaq: IRDM), will make this transformation possible.
