SGOn August 7, Spanish defense company Indra announced that its majority-owned satellite operator Hispasat has been selected as the prime contractor for the European Union's IRIS2 secure satellite network. The contract includes responsibility for antennas, control systems, and ground links, with a budget exceeding €1.6 billion. Hispasat, which is 89.68% owned by Indra, will also lead the Low Earth Orbit layer for direct-to-device and Internet of Things connectivity, with up to €600 million allocated for this purpose. The award followed discussions among the European Commission, European Space Agency, and SpaceRISE, a consortium comprising Eutelsat, SES, and Hispasat. The IRIS2 constellation is expected to begin operations in 2030, with total investment reaching €15.6 billion, including €4 billion from SpaceRISE. This development aligns with increased European military spending, projected to reach €454 billion in 2026.
Bias read (Center): The article presents factual information about a major defense contract awarded to Hispasat, a subsidiary of Indra, without overtly favoring any particular political ideology. It provides balanced reporting on the economic implications of the contract within the context of rising European military开支
