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13.06.2024 | Press release

Rheinmetall is entering Space Dimension: Initial conceptual approaches presented at ILA 2024

Key facts
  • Presentation of conceptual approaches at ILA 2024, Berlin
  • Exploration in various areas of the New Space market
  • Utilization of space-based reconnaissance data for tactical combat vehicles
  • Investment in Finnish company ICEYE

The Duesseldorf-based technology group Rheinmetall, a leading supplier of innovative technology solutions, is opening up new business areas in the space dimension. Initial conceptual approaches have been presented at the “International Aerospace Exhibition” - ILA 2024 - in Berlin. Rheinmetall is also exploring various areas of the NewSpace market.

For the group, the focus in the space domain is primarily on the integration and utilization of space-based reconnaissance data in the tactical battlefield. To meet the individual needs of military customers, the group is working on customized solutions for tactical vehicles. By cooperation with selected partner companies, state-of-the-art technologies and services from the space sector will be made available to the defence sector.

Embedded in Rheinmetall's current strategy is an investment in ICEYE, international market leader in (synthetic aperture radar) SAR satellites. This investment was made through the subsidiary Rheinmetall Nordic.

“The space domain is an integral part of a defence strategy and of great relevance to our military clients,” referring to Armin Papperger, CEO of Rheinmetall AG. “We are convinced that our combined capabilities will enable us to develop innovative approaches to offer customized solutions for our military customers in the future.”

About Rheinmetall

Rheinmetall AG, based in Duesseldorf, is a technology group that employs around 30,000 people at 167 locations worldwide. The company generated sales of €7.2bn in 2023. Rheinmetall is a leading international systems supplier to the defence industry and at the same time a driving force behind pioneering technological and industrial innovations in the civilian markets. The focus on sustainability is an integral part of Rheinmetall's strategy.

About ICEYE

ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before. Owning the world's largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights and data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE enables decision-making that contributes to community resilience and sustainable development. Headquartered in Finland, ICEYE operates with over 700 employees internationally with offices in Finland, Poland, Spain, the UK, and the US.

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