Indra affiliate Hispasat named prime contractor for IRIS2 ground infrastructure with budget over EUR 1.6 billion

Reuters2026/08/07 08:01

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Indra affiliate Hispasat was named prime contractor for IRIS² antenna infrastructure, control systems, ground-network interconnection; budget above EUR 1.6 billion.
Hispasat will lead the Very Low Earth Orbit layer for direct-to-device connectivity, IoT; commitment up to EUR 600 million.
SpaceRISE talks with the European Commission, ESA concluded; IRIS² secure satellite system targeted to enter service in 2030.
Programme investment totals EUR 15.6 billion, including up to EUR 4 billion from SpaceRISE members under a public-private partnership model.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Indra Sistemas SA published the original content used to generate this news brief on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Indra affiliate Hispasat named prime contractor for IRIS2 ground infrastructure with budget over EUR 1.6 billion

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