Iridium Eyes Expanded PNT Service Portfolio With Satelles Acquisition; Matt Desch Quoted
Iridium Communications looks to expand its portfolio of assured positioning, navigation and timing services through a potential $115 million deal to acquire Satelles. Reston, Virginia-based Satelles is a provider of satellite-based time and location services that work to complement and secure GPS and other GNSS-reliant systems, Iridium said Monday.