ICEYE to Produce Satellites Together with Germany

• The joint venture is intended to strengthen ICEYE’s efforts to develop space defense technologies.
• Satellites and other space solutions will be developed as part of Rheinmetall's new Space Cluster.
• On May 8, 2025, a cooperation agreement (MoU) was signed in this regard.

The new company, operating under the name Rheinmetall ICEYE Space Solutions, is to be established with the participation of Rheinmetall as the majority shareholder (60 percent of shares) and ICEYE (40 percent). The creation of the new entity will be finalized after the conclusion of final agreements and obtaining the appropriate regulatory approvals.

Rheinmetall ICEYE Space Solutions will produce satellites as part of the German Rheinmetall Space Cluster. Initially , SAR satellites will be produced there, with other space solutions to follow in subsequent stages . Production is to start in the second quarter of 2026, including at the plant in Neuss.

- With the establishment of the new joint venture, we are taking another step forward in expanding our activities in the space domain. In doing so, we are responding to the growing global demand for satellite reconnaissance capabilities from armed forces and security services, while at the same time strengthening Germany's position as a technology hub, comments Armin Papperger, CEO of Rheinmetall.

Infrastructure providers for intelligence, surveillance and reconnaissance operations

- We strive to ensure that ICEYE is the main supplier of key infrastructure for ISR (intelligence, surveillance and reconnaissance) operations of European countries and their allies. We are pleased to deepen our strategic cooperation with Rheinmetall within the framework of the joint venture initiative. This cooperation will strengthen our commitment to the development of space technologies for the needs of global markets in the defense sector and to ensuring the defense sovereignty of Europe - emphasized Rafał Modrzewski, CEO and co-founder of ICEYE.

ICEYE claims to offer unrivaled continuous Earth monitoring capabilities , allowing it to detect and respond to changes – regardless of location, faster and more precisely than ever before.

They provide radar data in near real time

The company owns and operates the world's largest constellation of observation satellites equipped with synthetic aperture radar (SAR), providing near real-time radar data. Users have access to information around the clock , even in difficult weather conditions.

ICEYE provides data for the needs of insurance and financial companies and supports activities in the field of security, crisis management and maritime monitoring.

The company with Polish-Finnish roots operates globally through offices in Finland, Poland, Spain, the United Kingdom and the United States. The ICEYE team consists of over 700 employees who share a common mission: creating a global source of reliable knowledge about the Earth to have a real impact on improving the quality of life.

The German arms company Rheinmetall produces for the defense and automotive industries.