Narrative:

Approximately 1 hour and 25 minutes into flight; crew sent ACARS advising that both transponders had failed. Flight was near zzzzz intersection. I contacted maintenance control to see if there was any advice they could provide; but there was not. Due to security concerns; I did not want to attempt overfly and if ATC would allow; a return back to ZZZZ would be best option. Crew concurred and flight turned around. I contacted ZZZZ and they approved the aircraft to re-enter airspace with no transponder.[the cause was] transponder failure.

Google
 

Original NASA ASRS Text

Title: A Dispatcher reported an aircraft had both of their transponders fail enroute. After discussing with flight crew; they decided to turn around and return to the departure airport.

Narrative: Approximately 1 hour and 25 minutes into flight; crew sent ACARS advising that both transponders had failed. Flight was near ZZZZZ intersection. I contacted Maintenance Control to see if there was any advice they could provide; but there was not. Due to security concerns; I did not want to attempt overfly and if ATC would allow; a return back to ZZZZ would be best option. Crew concurred and flight turned around. I contacted ZZZZ and they approved the aircraft to re-enter airspace with no transponder.[The cause was] transponder failure.

Data retrieved from NASA's ASRS site and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.