Home / Business and Economy / OHB Secures €1 Billion Deal for European Satellite Network
OHB Secures €1 Billion Deal for European Satellite Network
31 Aug
Summary
- OHB to develop and produce 18 satellite platforms for SES.
- The deal is valued at nearly €1 billion, impacting European space capabilities.
- These satellites will enhance Europe's IRIS communication network.
German satellite manufacturer OHB announced on August 31, 2026, that it has entered into a substantial contract with SES, a prominent European satellite operator. The agreement, valued at close to €1 billion ($1.17 billion), positions OHB to develop and produce 18 satellite platforms designed for medium-Earth orbit.
These newly contracted satellites will serve as a foundational element for the IRIS network. This ambitious European project aims to establish a multi-orbit communications constellation. The primary objective of the IRIS network is to deliver secure and resilient satellite services, bolstering Europe's capabilities in global communication infrastructure.
