German aerospace firm OHB signed a nearly €1 billion contract with SES for Europe’s IRIS² satellite constellation. The agreement covers the development and production of 18 medium Earth orbit (MEO) satellite platforms. This deal transitions the pan-European project from planning into active industrial deployment.
The IRIS² program serves as a key European Union initiative to establish a sovereign and secure satellite communication system. It provides resilient connectivity for both governmental and commercial applications. This award secures OHB’s position within the European space supply chain and offers long-term revenue visibility.
For aerospace and defense investors, the contract signals sustained government spending in space as a strategic domain. The scale of the deal acts as a catalyst for the European space industrial base. It demonstrates tangible progress for major satellite programs, which remain primary long-term drivers for the sector.