ICEYE and Rheinmetall win major contract worth billions for space reconnaissance
To deliver this capability, Rheinmetall has partnered with ICEYE – the world’s leading manufacturer and operator of synthetic aperture radar (SAR) satellites – to establish Rheinmetall ICEYE Space Solutions. Based in Neuss, the joint venture will provide a high volume of SAR images via its exclusive constellation, offering a comprehensive service solution that includes full operations, ground station management, and AI-driven image evaluation. The satellite constellation remains the property of Rheinmetall ICEYE Space Solutions.
The current contract is valued at approximately €1.7 billion gross. Furthermore, an extension option is part of the contract. The space-based reconnaissance data will be used, primarily, to protect the ‘Lithuania Brigade’ and secure NATO’s eastern flank.