ICEYE has secured a $186 million contract with the Finnish Defence Forces to establish a sovereign satellite-based surveillance system.

Information on the Target

ICEYE, a prominent player in the satellite technology market, has officially entered into a contract valued at $186 million with the Finnish Defence Forces. This significant agreement is set to deliver a constellation of Synthetic Aperture Radar (SAR) satellites and essential supporting systems to establish Finland’s sovereign satellite-based intelligence capabilities. The contract marks a pivotal development in ICEYE’s defense sector initiatives, building on previous national contracts and expanding its role in providing vital defense infrastructure.

Signed on September 8, 2025, in Tampere, this agreement not only underscores ICEYE's advanced technological capabilities but also highlights the strategic importance of developing autonomous space assets for national security.

Industry Overview in Finland

The Finnish defense sector is undergoing a transformation, with an increasing emphasis on sovereign space capabilities as part of broader national security strategies. As governments transition from traditional defense mechanism