The transaction is expected to be completed by mid-2027, subject to the satisfaction of the remaining regulatory approvals and closing conditions.
Forward-looking statements in this press release include statements regarding Iridium's strategy and growth opportunities; Iridium's acquisition by Rocket Lab and the benefits and expected timing and completion thereof; the expected benefits of Iridium's acquisition of Aireon; expectations related to the renewal of the EMSS Contract and the expected timing thereof; and plans regarding Iridium's quarterly dividends .
ARPU is calculated by dividing revenue in the respective period by the average of the number of billable subscribers at the beginning of the period and the number of billable subscribers at the end of the period and then dividing the result by the number of months in the period.