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Rheinmetall to expand satellite business, citing Ukraine support deal

  • On May 8, 2025, Rheinmetall and Finnish company Iceye signed a memorandum to form Rheinmetall ICEYE Space Solutions, a joint venture focusing on satellite production in Neuss, Germany.
  • This deal follows increased European military spending and security reforms, including Germany's removal of its 1% GDP defense spending cap and broad investment plans to boost sovereign capabilities.
  • The venture will initially manufacture synthetic aperture radar satellites, leveraging Iceye's global SAR constellation expertise and Rheinmetall's market access and production capacity.
  • Rheinmetall CEO Armin Papperger announced that the creation of their new partnership marks a significant expansion into the space sector, with production expected to commence before the third quarter of 2026.
  • This partnership aims to strengthen Europe's space-based reconnaissance and defense capabilities, responding to rising demand amid ongoing conflicts and geopolitical tensions in the region.
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Valencia Plaza broke the news in on Wednesday, May 7, 2025.
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