OHB Expects More IRIS2 Orders
German satellite maker OHB anticipates additional contracts for Europe's IRIS2 network following a major one billion euro award. CEO Marco Fuchs cites growing security needs and heightened demand for resilient space communications.
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OHB SE expects to secure additional contracts under Europe's IRIS² satellite project after winning a nearly €1B ($1.1B) deal on Monday. The award accelerates contracting for the European Union's sovereign network following years of strategic planning. Investors are monitoring supply-chain capacity as defense and security demands reshape European space infrastructure budgets.
