Rheinmetall, ICEYE establish joint venture in Neuss
Rheinmetall AG holds 60 per cent of the shares in the joint venture, while ICEYE Oy holds 40 per cent. Rheinmetall ICEYE Space Solutions will commence operations in 2025, with the first satellite to be manufactured locally in 2026.
The technology group Rheinmetall and Finnish satellite company ICEYE have completed the establishment of their joint venture, Rheinmetall ICEYE Space Solutions GmbH, based in Neuss, Germany. As the majority shareholder, Rheinmetall AG holds 60 per cent of the shares in the joint venture, while ICEYE Oy holds 40 per cent, ICEYE said in a press release.
Just five months after the announcement in May 2025, the joint venture is now officially established. Rheinmetall ICEYE Space Solutions will commence operations in 2025, with the first satellite to be manufactured locally in 2026.
With the establishment of the new joint venture, Rheinmetall is strengthening its activities in the space sector.
“In recent years, there has been a sharp increase in demand for space-based reconnaissance capabilities among armed forces and security forces worldwide,” ICEYE said. “As part of the cooperation between Rheinmetall and ICEYE, synthetic aperture radar (SAR) satellites are already providing reconnaissance images for Ukraine’s defence against Russia.”
SAR satellites offer an advantage over conventional satellites as they can generate high-resolution images regardless of weather conditions or time of day.
Owning the world’s largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have access to actionable data, day or night, even in challenging environmental conditions, the press release said.
