Rheinmetall is a German technology group and a leading international systems supplier to the defense industry that is expanding into the space sector. Their focus is on utilizing space-based reconnaissance data for tactical battlefield applications, developing customized solutions for military vehicles, and integrating space technologies into the defense sector. Rheinmetall has invested in ICEYE, a SAR satellite operator, and is partnering with other companies to deliver cutting-edge space technologies to the defense sector. They also collaborate with space agencies like NASA and ESA through their Rheinmetall Italia subsidiary, providing components, structures, and services for launchers and satellites.
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The satellite constellation will remain the property of Rheinmetall Iceye Space Solutions.
The German Armed Forces awarded a contract valued at approximately 1.7 billion euro ($2 billion) to a joint venture between Rheinmetall and Iceye.
The new joint venture is called Rheinmetall Iceye Space Solutions and is based in Neuss, near Düsseldorf.
Production of the first SAR satellites by Rheinmetall Iceye Space Solutions is scheduled to begin in the third quarter of 2026.
Rheinmetall and ICEYE have established a joint venture called Rheinmetall ICEYE Space Solutions GmbH.
The agreement to form Rheinmetall ICEYE Space Solutions GmbH was signed in Berlin by Armin Papperger, CEO of Rheinmetall AG, and Rafal Modrzewski, CEO and co-founder of ICEYE.
Rheinmetall and Iceye expect the Neuss facility to eventually produce other space solutions.
Rheinmetall AG holds 60 percent of the shares in the joint venture Rheinmetall ICEYE Space Solutions GmbH.
Rheinmetall ICEYE Space Solutions is set to commence operations in 2025.
ICEYE Oy holds 40 percent of the shares in the joint venture Rheinmetall ICEYE Space Solutions GmbH.
Rheinmetall and Iceye have officially established a joint venture to build satellites in Germany.
The first satellite will be manufactured locally by Rheinmetall ICEYE Space Solutions in 2026.
Rheinmetall and ICEYE have established their joint venture, Rheinmetall ICEYE Space Solutions GmbH, based in Neuss, Germany.
The collaboration between Rheinmetall and Iceye began in early 2024 following a strategic investment made through Rheinmetall Nordic.
On November 7, 2025, Rheinmetall and Iceye announced the official creation of Rheinmetall Iceye Space Solutions in Neuss, Germany.
The Neuss facility will operate as a hybrid facility as part of Rheinmetall’s initiative to repurpose part of its automotive production in Berlin and Neuss for defense applications.
Rheinmetall will hold a 60% majority stake in Rheinmetall Iceye Space Solutions, while Iceye will control the remaining 40%.
The establishment of the new joint venture strengthens Rheinmetall's activities in the space sector.
The new facilities of Rheinmetall Iceye Space Solutions will be part of Rheinmetall’s Space Cluster in Germany.
In May 2025, Rheinmetall and Iceye signed a memorandum of understanding for the creation of a joint venture to collaborate on satellite production in Germany.