Overview

• Rheinmetall and Iceye have finalized a joint venture named Rheinmetall Iceye Space Solutions, with Rheinmetall holding a 60% stake and Iceye 40%.
• Production of synthetic-aperture radar (SAR) satellites is set to begin in 2026 at the Neuss facility, which will be partially repurposed from its current automotive focus.
• SAR satellites provide high-resolution, all-weather imagery, with Iceye's technology already aiding the Ukrainian military in its conflict with Russia.
• Rheinmetall's Q1 2025 revenue surged nearly 50% to €2.3 billion, with military operating profit doubling to €199 million year-on-year.
• CEO Armin Papperger emphasized the venture's role in addressing global defense needs while bolstering Germany's position as a technology hub.