Our portfolio company Aerospacelab has secured a € 2,4 billion contract to build 264 satellites for IRIS², Europe’s sovereign satellite constellation. The company will serve as a key prime contractor for the program.
This multi-billion contract marks a major step in Aerospacelab’s growth. In less than a decade, the company has grown from an ambitious startup into a key player in the European space industry.
For imec.xpand, this milestone validates our investment thesis of backing ambitious technology companies that solve real bottlenecks in critical industries and have the potential to become global industrial leaders.
Click here for the press release.