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Aerospacelab wins €2.4 billion deal to build majority of IRIS² satellites

By Thomson Reuters Sep 10, 2026 | 6:47 AM

Sept 10 (Reuters) – Belgium’s Aerospacelab said on Thursday it had won a €2.4 billion ($2.8 billion) contract to build ​264 satellites for the European Union’s IRIS² ‌network, which is due to offer secure communications for governments, security agencies and commercial users by 2030.

Aerospacelab said it would be ‌responsible ​for building 76% of ⁠the planned 348 satellites, ⁠the single largest disclosed manufacturing allocation for IRIS², offering a clearer picture of how the work is being ​divided.

At the contract value, the award translates to roughly €9.1 million per satellite.

The ⁠company said it ⁠would design, manufacture and deliver ​fully integrated low-Earth-orbit satellites through the Eutelsat-led SpaceRISE ​consortium, which was chosen to develop and ‌operate the network under a concession deal with the EU.

The allocation to the 8-year-old company also offers a ⁠look into the evolving space supply chain in Europe.

Last month, the European Space Agency selected ⁠Germany’s Isar ‌Aerospace to provide launch ⁠services for parts of its ​institutional ‌missions, in a sign that ​newer entrants ⁠are taking a growing role alongside Europe’s established contractors such as Airbus, Thales Alenia Space and OHB.

($1 = 0.8603 euros)

(Reporting by Maria Rugamer; editing by Izabela Niemiec and ​Milla Nissi-Prussak)