"This cutting-edge constellation will protect our critical infrastructures, connect our most remote areas and increase Europe's strategic autonomy. By partnering with the SpaceRISE consortium, we are demonstrating the power of public-private collaboration to drive innovation and deliver tangible benefits to all Europeans," said Henna Virkkunen, Executive Vice-President for Tech Sovereignty, Security and Democracy.
The public-private deal valued at €10.6 billion (about $11 billion), is expected to come online by 2030.
SpaceRISE - a consortium led by European satellite network operators SES, Eutelsat, and Hispasat, supported by European satcom subcontractors like Airbus and Deutsche Telekom - has been given a 12-year concession contract to develop, deploy, and operate the IRIS² constellation.
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