September 18, 2014 5:55 PM ET

Aerospace and Defense

Company Overview of Aireon LLC

Company Overview

Aireon LLC develops aviation surveillance systems for commercial aviation industry in North America, Australia, Europe, and internationally. The company develops air transport traffic management and surveillance system; automatic dependent surveillance-broadcast (ADS-B) systems for monitoring air traffic; and ADS-B receivers that detect signals from equipped commercial aircraft in areas, including vital airways over oceans, mountains, remote areas, and polar regions. It also serves air navigation service providers and air carriers. The company was incorporated in 2011 and is based in McLean, Virginia. Aireon LLC operates as a subsidiary of Iridium Satellite LLC.

1750 Tysons Boulevard

Suite 1400

McLean, VA 22102

United States

Founded in 2011

Phone:

703-287-7400

Fax:

703-287-7450

Key Executives for Aireon LLC

Chief Executive Officer
Age: 52
Chief Financial Officer
Director and Chief Executive Officer of Iridium
Age: 56
Vice President of ANSP Implementation
Vice President of Sales and Marketing
Compensation as of Fiscal Year 2014.

Aireon LLC Key Developments

Aireon LLC Appoints Cyriel Kronenburg as Vice President, Sales and Marketing

Aireon LLC has appointed Cyriel Kronenburg as the vice president of sales and marketing for the company. Effective June 23, 2014, Kronenburg will join Aireon to lead the global sales and marketing efforts and support the adoption of space-based ADS-B surveillance services by the world's air navigation service providers (ANSP) and airlines. Kronenburg joins the company with extensive industry experience, most recently as the global head of air traffic control (ATC) charges for the International Air Transport Association (IATA).

Aireon Signs Agreement with NAV Portugal

Aireon LLC announced that it has signed a memorandum of understanding (MOU) with NAV Portugal to become an early customer of the transformational Aireon(SM) service. Under the MOU, NAV Portugal will work with Aireon, NAV CANADA, the Irish Aviation Authority (IAA), Naviair (Denmark), and NATS in the U.K. to define how Aireon's space-based surveillance service can be used for improving air traffic management over the North Atlantic, the busiest oceanic airspace in the world, laying the foundation for a future long-term data services agreement between NAV Portugal and Aireon. Aireon will enable NAV Portugal to improve the safety and efficiency of services in its airspace, including the strategically important oceanic airspace of the Santa Maria Flight Information Region. As part of both the North Atlantic Systems Planning Group (NAT SPG) and the North Atlantic Implementation Management Group (NAT IMG), NAV Portugal is well versed in the opportunities to enhance communications, surveillance and air traffic management capabilities in the region. In conjunction with NAV CANADA and NATS, NAV Portugal will lend their industry expertise to the deployment of space-based ADS-B services in the North Atlantic. NAV Portugal is also an important player in the management of air traffic between Europe and South America, further extending the airspace that will benefit from the space-based ADS-B solution.

Aireon LLC Finalizes Long-Term Commercial Data Services Contract with NAV CANADA

Aireon LLC announced 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. Aireon, a joint venture between Iridium Communications Inc. and NAV CANADA, will take advantage of the hosted payload space on Iridium NEXT, Iridium's second-generation satellite constellation, scheduled for first launch in early 2015. Aireon will provide space-based air traffic monitoring services as the new constellation becomes operational, with full capability expected by 2017. Not only is Iridium a joint venture partner, but a significant supplier of the technology and the network platform for the Aireon(SM) service. As announced in June 2012, Aireon is expected to pay $200 million in hosting fees to Iridium for the integration and launch of Aireon's Automatic Dependent Surveillance Broadcast (ADS-B) receiver payloads on each of its Iridium NEXT satellites. Iridium also expects to receive recurring data communications service fees from Aireon of nearly $300 million, or approximately $20 million annually once fully operational, over the life of Iridium NEXT, assuming Aireon continues to successfully expand beyond NAV CANADA to a global business. In addition to the nearly half a billion dollars in hosting and data fee revenue from Aireon, Iridium also expects to see significant potential value from retaining a substantial interest in the joint venture. The Aireon business model is based on delivering fuel and operating cost savings to the airlines. Aireon will generate recurring service revenue from air traffic control organizations such as NAV CANADA, by providing near-real time surveillance over the oceans and remote territories. This will enable air traffic controllers to safely grant more efficient flight levels and direct routing for flights over those regions, which will significantly reduce fuel burn. NAV CANADA and other ANSPs plan to cover the cost of the service by charging the airlines a fee that amounts to a fraction of the fuel cost saved, allowing a majority of the benefits to accrue to the airlines. Through a continued partnership with NAV CANADA, Iridium has established an end-to-end business model for oceanic ADS-B surveillance. NAV CANADA is ideally suited to be the first customer of Aireon. In its North Atlantic operation, in close conjunction with its operating partners, NATS UK and the Irish Aviation Authority, NAV CANADA provides air traffic management for approximately 1,200 flights per day the busiest oceanic airspace in the world. As a customer, NAV CANADA will benefit from enhanced air traffic surveillance services that will enable commercial airline operations to be more efficient and more environmentally friendly. The data services agreement with NAV CANADA establishes a path forward for commercial agreements with the world's air navigation service providers. Aireon expects to focus initial sales in the busy North Atlantic, with significant service revenue potential to Aireon from North Atlantic ANSPs alone through the projected life of Iridium NEXT.

Similar Private Companies By Industry

Company Name Region
Alphaport, Inc. United States
Lockheed Martin Naval Electronics & Surveillance Systems-Undersea Systems United States
Namian Labs, Inc United States
Meggitt Western Design, Inc. United States
American General Supplies, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 20, 2013
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Aireon LLC, please visit www.aireon.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.