Finland to sign €158 million deal with ICEYE for space intelligence systems

By Defence Industry Europe

Finland’s Minister of Defence Antti Häkkänen has authorised the Defence Forces to procure a satellite remote sensing system from Finnish company ICEYE Oy. The order follows a letter of intent signed in June and includes satellites, equipment and technical arrangements to support independent space-based surveillance.

 

“This authorisation will set in motion the building of an independent space surveillance capability for Finland’s defence. It is a historic first step for the development of our defence capability, and it also has wider importance for industry and technology,” said Minister Häkkänen.

 

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Iceye satellites are able to capture images and monitor any location on Earth regardless of weather or lighting conditions. The data collected can also be shared with other national authorities.

 

 

The procurement is valued at about EUR 158 million excluding value added tax and contains options for lifecycle extensions and system expansion. The contract is expected to generate around 36 person-years of employment in Finland.

 

 

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