SES and OHB Seal $1.16 Billion Deal for 18 Iris2 MEO Satellites
August 31, 2026
SES has signed a contract worth nearly 1 billion euros, approximately $1.16 billion, with German manufacturer OHB SE to build 18 medium-Earth-orbit satellites for Europe's Iris2 secure communications constellation. The deal, announced August 31, marks the first major industrial order placed since the Iris2 framework was established, moving the program from paper to metal. The contract falls within the broader Iris2 multi-orbit secure communications program, valued at 15.6 billion euros. It foll