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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. more

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