Iridium Unveils STL Service Following Satelles Acquisition

Iridium has expanded its portfolio of satellite communications solutions with the addition of the Satellite Time and Location service from Satelles.

The service is now called Iridium STL since Satelles became part of Iridium following the closing of a $115 million acquisition deal.

“With our experienced partner ecosystem and global footprint, this needed capability can quickly help make the critical services we all rely on every day more efficient, reliable and secure,” said Iridium CEO Matt Desch, a 4×24 member and a 2024 Wash100 awardee.

The positioning, navigation and timing service will be provided to hundreds of partners to secure their time-synchronized applications from spoofing, jamming and other global navigation satellite system vulnerabilities, Iridium said.

The company previously revealed plans to integrate the STL service with autonomous systems, consumer devices and vehicles and enable new PNT applications in aviation, maritime and land mobile sectors.

“The initial feedback we’ve gotten from partners in the short time since the initial announcement has made us even more excited about Iridium STL’s potential,” Desch said.

The STL business line is expected to bring over $100 million in service revenue annually from 2030 onwards.

Before the acquisition process commenced, Iridium already owned a 20 percent stake in Satelles.