Hispasat awarded the largest contract in the Iris² satellite program for 1.6 billion
Indra's subsidiary will coordinate the antenna infrastructure, control systems and connection to the ground networks of the European constellation.
The European Commission, the European Space Agency (ESA) and the industrial consortium SpaceRISE — made up of Spanish company Hispasat, French company Eutelsat and Luxembourg-based SES — have concluded negotiations for the development and deployment of the Iris ² satellite constellation. As part of the agreement, Hispasat has been designated as the prime contractor for the antenna infrastructure, control systems and connection with ground networks, a project that has a budget of over €1.6 billion.
In addition, the company, which is controlled by Indra with almost 90% of the shares, will allocate up to €600 million of its own investment to lead the very low Earth orbit (Low LEO) layer and secure the exploitation rights of satellite communications in non-geostationary orbits in regions of high strategic value.
Translated by urgent.news from El Pais Economia's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
