SpaceRISE selected by European Commission to build and operate the IRIS² multi-orbit satellite constellation [Yahoo! Finance]
REDEIA CORP U/ADR (RDEIY)
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Source: Yahoo! Finance
Paris / London Stock Exchange: ETL), Hispasat and SES (Ticker: SESG), together with other core members, is pleased to announce it has been awarded by the European Commission to design, deliver, and operate IRIS², the European Union's pioneering multi-orbit connectivity system . This milestone represents a crucial step towards establishing a secure, resilient, and autonomous communications infrastructure for Europe. IRIS² will play a transformative role in reinforcing Europe's resilience, digital sovereignty, and low-latency connectivity for all EU Member States. This IRIS² multi-orbit satellite system is intended to enhance Europe's ability to respond to crises, protect essential infrastructure, and bridge the digital divide. With full operational status targeted for the early 2030s, IRIS² will deliver a secure and competitive communications backbone aligned with Europe's strategic and digital priorities. The IRIS programme is a public private partnership (PPP) which will be funde
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