NAV CANADA invests in joint venture for global, satellite-based aircraft tracking
from Avionics Intelligence
NAV CANADA has invested an additional $40 million in Aireon LLC, a joint venture with Iridium Communications Inc., increasing its ownership of Aireon to 18.7 percent on a fully diluted basis. Aireon's mandate is to take advantage of the hosted payload space on Iridium NEXT, Iridium's second-generation satellite constellation, to deliver global aircraft surveillance through Automatic Dependent Surveillance-Broadcast receivers on the satellites.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063