Tag: SpaceRISE
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Aerospacelab Turns Profitable Before Securing €2.4 Billion IRIS² Satellite Contract
Belgian satellite manufacturer Aerospacelab said September 21 that it had reached profitability in early 2026, before winning a €2.4 billion ($2.75 billion) contract to design, manufacture and deliver 264 low Earth orbit satellites for the European Union’s IRIS² secure communications constellation. The contract, announced September 10, gives Aerospacelab responsibility for approximately 76% of the 348…
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OHB Wins $1.16 Billion Contract to Build 18 MEO Satellites for Europe’s IRIS² Network
German satellite manufacturer OHB has secured a contract worth nearly €1 billion ($1.16 billion) from SES to develop and manufacture all 18 medium Earth orbit satellite platforms for the European Union’s IRIS² secure connectivity constellation. Announced on August 31, 2026, the award is the first major industrial contract placed since IRIS² entered full-scale implementation on…
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Eutelsat Secures French-Backed Financing to Expand OneWeb Satellite Constellation
European satellite communications operator Eutelsat has secured nearly €1 billion in government-backed financing from France to support the expansion of its OneWeb low-Earth-orbit broadband constellation, the company said. The €975 million agreement, announced on Feb. 11, is backed by the French Export Credit Agency and will fund a recently signed contract with Airbus Defence and…