Aerospacelab wins €2.4B contract for 264 IRIS² LEO satellites
95 FOMOOn 10 September 2026 Aerospacelab announced selection by the European Commission and SpaceRISE (Eutelsat-led) as a key prime for the IRIS² LEO segment. The company will design, manufacture and deliver 264 fully integrated satellite platforms out of the constellation’s 348 total satellites, representing the single largest disclosed manufacturing allocation. Contract value is €2.4 billion. Satellites will form the backbone of Europe’s sovereign secure connectivity infrastructure targeted for service by 2030. Production will utilise the Charleroi megafactory sized for up to 500 satellites per year.
Why it matters
Transformational win that moves Aerospacelab from smallsat platform supplier to industrial-scale European constellation manufacturer and anchors the Charleroi megafactory.
The numbers
Money
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Coverage
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Aerospacelab ·
Aerospacelab Awarded €2.4 Billion Landmark Contract to Build 264 LEO Satellites for IRIS²Aerospacelab was selected as a key prime contractor for the LEO segment of the EU’s IRIS² programme, responsible for designing, manufacturing and delivering 264 fully integrated satellites (76 % of the 348-satellite constellation) under a €2.4 billion contract via the SpaceRISE consortium.
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Veenie.Space Telemetry
On 10 September 2026 Aerospacelab announced selection by the European Commission and SpaceRISE (Eute