OHB Secures $1.2 Billion Contract to Build Satellites for Europe's IRIS Network
German aerospace company OHB has won a nearly €1 billion ($1.2 billion) contract from satellite operator SES to build and manufacture 18 medium-Earth-orbit satellites as part of the European Union’s planned IRIS communications network. The deal marks one of the largest contracts in OHB's history and is expected to significantly boost its revenue over several years. The new constellation will be a key component of Europe’s multi-orbit communication infrastructure, enhancing regional connectivity and strategic autonomy from global satellite providers like SpaceX or Amazon. SES plans to launch these satellites as part of an effort to expand high-speed broadband access across the continent while reducing reliance on foreign systems.
