If all goes as planned, Aireon’s new satellite-based surveillance offering could arguably do for oceanic aircraft surveillance what GPS did for navigation—monopolize it. Proof will come as soon as July when the company’s “hosted payloads” on the first two Iridium NEXT satellites are switched on following an April launch on a Russian Dnepr rocket. The remaining 70 satellites will be launched 10 at a time on SpaceX Falcon 9 rockets through August 2017. Key early ...

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