European Union IRIS² satellite programme implementation

Claims

What the coverage asserts, and how many sources carry each claim.

• [DISPUTED] The company will build 264 satellites for the IRIS2 constellation.
• [DISPUTED] The IRIS² constellation will consist of 348 satellites, including 330 in low Earth orbit (LEO) and 18 in medium Earth orbit (MEO).
• [● 5 SOURCES] Aerospacelab secured a contract worth 2.4 billion euros.
• [● 5 SOURCES] Aerospacelab is constructing a Megafactory in Charleroi, Belgium, with a capacity of up to 500 satellites per year.
• [● 3 SOURCES] The European Commission and SpaceRISE consortium signed an implementation agreement to move the IRIS² satellite project into the construction phase.
• [● 3 SOURCES] The first satellite launches for the IRIS² program are scheduled to begin in 2029.
• [● 3 SOURCES] The addition of 66 satellites is intended to increase secure governmental capacity within the EU by 60% and globally by 54%.
• [● 3 SOURCES] The IRIS2 project aims to reduce European dependence on American satellite services like SpaceX's Starlink.
• [● 2 SOURCES] The project budget has increased to over €15.6 billion, up from previous estimates of approximately €10.5 billion to €11 billion.
• [● 2 SOURCES] Eutelsat has been confirmed as the lead for the low Earth orbit (LEO) segment of the IRIS² constellation.
• [● 2 SOURCES] Key industrial partners for the project include Airbus Defence and Space, Thales Alenia Space, OHB, and Aerospacelab.
• [● 2 SOURCES] Deutsche Bank Research raised its price target for OHB to 300 euros and maintained a 'Buy' rating.
• [● 2 SOURCES] OHB signed a contract with satellite operator SES worth nearly one billion euros.
• [● 2 SOURCES] The SES contract involves the development and construction of 18 satellite platforms for the IRIS² program.
• [● 2 SOURCES] OHB Sweden and Saab signed a letter of intent to cooperate on space-based defense capabilities.
• [○ 1 SOURCE] Poland and Hungary have collectively committed more than €1 billion to the project.
• [○ 1 SOURCE] The European Commission announced the IRIS project to create an independent satellite network.
• [○ 1 SOURCE] The IRIS project involves an investment of 15,500 million euros.
• [○ 1 SOURCE] The IRIS network is expected to be fully operational by 2030.
• [○ 1 SOURCE] The SpaceRISE consortium, which includes Hispasat, has been awarded the project.
• [○ 1 SOURCE] Hispasat will receive 1,600 million euros.
• [○ 1 SOURCE] SpaceX currently operates more than 6,000 satellites via its Starlink constellation.
• [○ 1 SOURCE] Thales Alenia Space will provide telecommunication payloads for the 330 satellites in the LEO segment.
• [○ 1 SOURCE] OHB is scheduled to join the TecDAX index effective September 21.

Timeline

1. about 1 month ago

   [BUSINESS] 2 sources

   OHB SE secures €1 billion IRIS² contract and defense partnership

   OHB SE secured a nearly €1 billion contract with SES for 18 IRIS² satellite platforms and signed a defense cooperation intent with Saab. Deutsche Bank raised its price target for the company to €300.

2. about 2 months ago

   [TECHNOLOGY] 4 sources

   European Union initiates IRIS 2 satellite production and Ukraine negotiations

   The EU has begun negotiations for Ukraine to join the IRIS 2 satellite program, while Airbus and Thales Alenia Space start production on the constellation's first LEO satellites.

3. about 2 months ago

   [TECHNOLOGY] 6 sources

   Aerospacelab wins 2.4 billion euro contract for European IRIS2 satellite network

   Belgian startup Aerospacelab won a 2.4 billion euro contract to build 264 satellites for Europe's IRIS2 network, aiming to reduce reliance on US-based satellite services like Starlink.

4. about 2 months ago

   [TECHNOLOGY] 5 sources

   OHB secures €1 billion contract for EU IRIS² satellite project

   OHB has received a nearly €1 billion contract from SES to build 18 satellite platforms for the EU’s IRIS² communication system, with production centered in Bremen, Germany.

5. about 2 months ago

   [TECHNOLOGY] 4 sources

   OHB to build 18 satellites for EU IRIS² constellation in €1 billion deal

   OHB has secured a nearly €1 billion contract with SES to build 18 MEO satellites for the EU’s IRIS² secure communications constellation.

6. 2 months ago

   [TECHNOLOGY] 4 sources

   EU announces IRIS² satellite network expansion

   The EU is implementing the IRIS² secure satellite network, adding 66 satellites to boost capacity by 60%. Greece is noted as a leading player in European defense innovation and collaborative projects.

7. 2 months ago

   [TECHNOLOGY] 6 sources

   Aerospacelab wins major contract for Iris2 satellite network

   Belgian startup Aerospacelab has reportedly won a contract worth at least 1.8 billion euros to build most of the Iris2 satellite network, aiming for orbital deployment by 2029.

8. 2 months ago

   [TECHNOLOGY] 4 sources

   European Commission launches 15.5 billion euro IRIS satellite project

   The European Commission is investing 15.5 billion euros in the IRIS satellite project to secure communications, though Europe will rely on SpaceX’s Starlink until the network is operational in 2030.

9. 3 months ago

   [TECHNOLOGY] 11 sources

   IRIS² satellite project enters construction phase with 348 satellites

   The EU and SpaceRISE consortium have moved the IRIS² satellite project into construction, expanding the constellation to 348 satellites with a budget exceeding €15.6 billion for secure communications.

10. 3 months ago

    [TECHNOLOGY] 49 sources

    IRIS² satellite programme enters implementation phase with SpaceRISE

    The EU and SpaceRISE consortium have signed an agreement to deploy the IRIS² satellite network, featuring 348 satellites to provide secure, sovereign communications for defense and government use by 2029.

Sources

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