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Via Satellite • Rachel Jewett

IRIS², OneWeb and Lightspeed put Europe’s LEO ambitions under scrutiny on contracts, returns and schedules

MDA Space won an initial antenna contract for 66 IRIS² satellites Thales Alenia Space aims to deliver in 2029, as Eutelsat forecasts $11 billion in IRIS² revenue for 2032–40 and OneWeb approaches EBITDA break-even. Telesat, meanwhile, pushed global Lightspeed service back three months to mid-2028 amid falling revenue and looming debt maturities.

2026-10-30T11:35:07.125930-07:00

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IRIS², OneWeb and Lightspeed put Europe’s LEO ambitions under scrutiny on contracts, returns and schedules

MDA Space won an initial antenna contract for 66 IRIS² satellites Thales Alenia Space aims to deliver in 2029, as Eutelsat forecasts $11 billion in IRIS² revenue for 2032–40 and OneWeb approaches EBITDA break-even. Telesat, meanwhile, pushed global Lightspeed service back three months to mid-2028 amid falling revenue and looming debt maturities.

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MDA Space to supply digital antenna systems for first 66 IRIS² satellites under €100M-plus Thales Alenia Space agreement

MDA Space will build AURORA broadband digital phased-array antennas and controllers for the first 66 satellites in Europe’s IRIS² secure-connectivity constellation. The agreement with Thales Alenia Space is valued at more than €100 million, with the satellites scheduled to launch in 2029.

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EU selects Latvia and the Netherlands for first drone technology hubs

European Commissioner Valdis Dombrovskis announced that the EU’s first hubs for unmanned and counter-unmanned aircraft technology will be located in Latvia and the Netherlands. The announcement came at a NATO event, as European institutions and allies focus on developing drone capabilities and countermeasures.

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