Aerospacelab wins €2.4B EU Iris² satellite contract for 264 platforms

Belgian firm Aerospacelab secures a €2.4B contract to build 264 of 348 satellites for the EU's Iris² secure connectivity constellation, a major European defense-industrial milestone. The award follows a month-old selection announcement and solidifies the company's role in EU strategic autonomy in space. Details of the contract are now public, but the timeline for delivery and full financial terms remain undisclosed.