Hispasat

Indra Group has signed an agreement with Redeia to acquire an 89.7% stake in Hispasat for EUR 725 million, including a 43% stake in Hisdesat. Indra already holds a 7% share in Hisdesat, and the transaction includes a provision requiring Hisdesat’s financial consolidation into Indra Group’s accounts.

Indra Group acquires 89.7% stake in Hispasat for EUR 725 million

Space/C4ISR / By Defence Industry Europe

Indra Group has signed an agreement with Redeia to acquire an 89.7% stake in Hispasat for EUR 725 million, including a 43% stake in Hisdesat.

The European Commission has officially awarded the concession contract for the development, deployment, and operation of IRIS² (Infrastructure for Resilience, Interconnectivity and Security by Satellite) to the SpaceRISE consortium. This decision follows a comprehensive evaluation of the optimised best-and-final offer (OBAFO) submitted by SpaceRISE on 3 September 2024, marking a pivotal moment in the establishment of the EU’s ambitious secure connectivity initiative.

European Commission awards concession contract for IRIS² satellite system to SpaceRISE consortium

EU, Important / By Defence Industry Europe

The IRIS² programme is designed as a public-private partnership, aiming to deploy a constellation of over 290 satellites across various orbits.