Business
Indra Sistemas S A : HispaSat confirms its commitment to IRIS2 and will be the prime contractor for the ground segment, which exceeds 1.6 billion euros
Indra Sistemas S A : HispaSat confirms its commitment to IRIS2 and will be the prime contractor for the ground segment, which exceeds 1.6 billion

About this update from Indra Sistemas, S.a. Class A
The European Commission and the European Space Agency have concluded negotiations with the SpaceRISE consortium -comprising three operators: Eutelsat (French), HispaSat (Spanish) and SES (Luxembourg)- to launch the IRIS² constellation. One of the key decisions made was to designate HispaSat as the prime contractor for the antenna infrastructure, control systems and ground network connectivity, which will be the largest and most complex system developed to date in Europe for a space program, with a budget exceeding 1.6 billion euros. The Indra Group company will be the first Spanish firm to participate in the consortium managing a major European space project. IRIS2 is the European program for secure satellite communications for commercial and military applications in areas of high strategic value. It is a public-private partnership between the European Commission and the European Space Agency, along with a consortium comprising the three leading European satellite operators -Eutelsat, HispaSat and SES. The total planned investment exceeds 15.6 billion euros and, according to the agreed-upon schedule, the first launches will take place in 2029. In the negotiations that have just concluded, an agreement was reached on the roadmap and the planned timeline for the development, production, and deployment of the 342 satellites that will make up the constellation, its ground support infrastructure and the services to be offered to government and commercial users. Under the signed agreement, HispaSat, which operates under the Indra Space umbrella, will be the prime contractor for the ground segment (antenna infrastructure, control systems and connections to ground networks) for the entire constellation. In other words, this includes all the facilities necessary for the management and operation of the constellation's various orbital layers, as well as the interconnection with ground networks, which will be located in multiple sites, ensuring compliance with the strict security and resilience requirements demanded by a government program. In addition, HispaSat will lead the development of the system's very low Earth orbit (Low LEO) layer, which will operate at altitudes below 750 km. Its importance lies in the fact that the most innovative missions will be carried out in this layer and will be interconnected with the rest of the system. This layer is designed to pr...
View stock analysis, news, and events for Indra Sistemas, S.a. Class A