08:20 AM EDT, 09/10/2026 (MT Newswires) -- Eutelsat Communications (ETL.PA) awarded contracts for the development of the first layer of satellites under Europe's sovereign IRIS constellation project to Airbus (AIR.PA) unit Airbus Defence and Space and Thales Alenia Space. Under the terms, Airbus and Thales Alenia Space will build the first layer of the low Earth orbit segment of the project, comprising at least 66 satellites, to be delivered in 2029, according to a Thursday release. Airbus will produce the platforms and integrate the satellites with the payload from Thales Alenia Space, which is a joint venture between Thales (HO.PA) and Leonardo (LDO.MI).

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.