NAV Canada is a private, non-share capital corporation that provides civil air navigation services in Canada, managing 18 million square kilometers of airspace. As a key player in the space industry, NAV Canada invested in Aireon LLC, to deploy space-based Automatic Dependent Surveillance-Broadcast (ADS-B) technology for real-time air traffic surveillance globally, including oceanic and remote regions. This allows for enhanced safety, more efficient routes, and reduced fuel consumption for its 40,000 customers. NAV Canada is recognized for its innovation in air traffic management and its commitment to a sustainable aviation future.
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NordSpace’s Ottawa office will coordinate airspace and range management with NAV Canada.
The Iridium Communications transaction for NAV CANADA’s Aireon stake is expected to close in the summer of 2026.
The purchase price for NAV CANADA’s shares will be payable in two equal tranches at closing and on the one-year anniversary.
Iridium Communications is acquiring NAV CANADA’s remaining 61 percent stake in Aireon LLC for approximately US$366.7 million.
NAV CANADA will receive US$166 million for its shares in Aireon LLC.
NAV CANADA reported negative free cash flow of $71 million CAD in the second quarter of fiscal 2026.
Aireon’s space-based surveillance system enabled NAV CANADA to reduce aircraft separation standards and increase flight routing efficiency across the North Atlantic Tracks.
NAV CANADA signed an extended data services agreement that guarantees uninterrupted access to Aireon’s surveillance telemetry through at least 2035.
NAV CANADA committed an initial investment of up to US$150 million in 2012 to host ADS-B receivers on the Iridium NEXT satellite constellation for Aireon’s technology.
NAV CANADA and NATS will sign extended data services agreements through 2035 and beyond as part of the deal.
NAV CANADA and NATS manage the North Atlantic Tracks, the most heavily trafficked oceanic airspace between Europe and North America.
The planned hypersonic launch test will also examine regulatory framework partnerships with NAV CANADA and Transport Canada.
MLS worked closely with Transport Canada, NAV CANADA, the Royal Canadian Mounted Police, Kluskap Security Services, provincial regulators, local emergency management organizations, and the Municipality of the District of Guysborough to ensure safety during the launch.
Project stakeholders will work with Transport Canada, NAV CANADA, and the U.S. Federal Aviation Administration to develop an international framework that tests relevant technology, regulatory alignment, and air traffic procedures and management for the corridor.
NAV Canada is testing Aireon flight tracking in Alberta and other areas with ground-based radars and plans further service expansion.
Aireon has raised $351,000,000 to date, including $69,000,000 from NATS and $150,000,000 from NAV Canada.
Aireon has raised $351,000,000 to date from investors including NATS, Nav Canada, and ENAV that have taken equity stakes and committed to be customers.