PARIS — Finland’s ICEYE expects to double global production to 100 radar satellites by the end of 2027, the company told Defense News in a clarification of comments by CEO Rafal Modrzewski at a defense-industry conference in Brussels on Tuesday.
ICEYE is currently manufacturing satellites at a pace of 50 per year, Modrzewski said at the European Defence & Security Summit in the Belgian capital, and the goal is to ramp up production to two satellites a week as the company responds to surging demand from European militaries.
The CEO said future constellations will be “in the hundreds of satellites,” pointing to the example of Elon Musk’s Starlink with its thousands of satellites. He said ICEYE’s planned manufacturing line for 100 satellites a year “is still too small, so we will keep on growing that production.”
European governments are trying to reduce their dependency on the United States for a number of critical defense enablers, including satellite intelligence, and ICEYE has benefited from efforts to close the gap. The company has said the U.S. halt of intelligence sharing in March 2025 really drove home the need in Europe for sovereign access to space-based intel.
The ICEYE CEO said Germany’s order for a 40-satellite constellation in December was “the first-ever European move to actually create a properly large tactical system in Europe.”
The company was founded in 2014 by Modrzewski and Pekka Laurila as a Finnish university spin-off, and it supplies Earth-observation data using synthetic aperture radar, or SAR for short, which ICEYE initially intended as a tool to help ships avoid sea ice.
ICEYE took less than 12 months from contract signature to deliver full radar-satellite systems to Poland, Greece and Portugal, according to Modrzewski, calling that a big change in an industry where one satellite used to take five years.
“Here we are talking about three different countries, each of which has received a constellation of five, six, seven within less than 12 months,” the CEO said. “Those are off-the-shelf satellites, that’s how crazy it got right now. And it is what we need in order to be responsive to the threats that are outside of our borders.”
Modrzewski said the cost of an ICEYE system is ten times lower than that of legacy systems, allowing the likes of Sweden, Finland and the Netherlands to own not just satellites but entire constellations.
He said ICEYE has delivered a four-satellite system to the Polish Armed Forces, adding that the country is continuing to grow its constellation, “and soon they will have high tactical capability which is fully sovereign to Poland.” The Finnish company signed an agreement in May 2025 to provide Poland with three SAR satellites, with an option for three more.
Modrzewski has been pushing a proposal for a system of 1,000 satellites called Constellation Europe that would combine space-based ground observation, space situational awareness and in-space defense capabilities. He said access to space-based surveillance to “know, react or act” has been a common thread in recent conflicts, and a capability that Europe is still missing.
“The war in Ukraine and the war in the Middle East, they differ in many ways, but they actually are extremely similar in the fact that the tactical access to satellite intelligence has proven to be critical for both sides,” Modrzewski said.
With a growing number of countries such as India, Japan and Australia trying to move away from a purely U.S.-based supply chain, there is “a massive opportunity for our European defense sector” as long as European firms can show credibility in their home markets, according to Modrzewski.
He said Constellation Europe would be a way for the European space industry to show it produces “capabilities which are equal or better to our counterparts,” and is happy share those capabilities to contribute to a “bigger, safer world” of middle powers.
He said Europe was previously able to jointly procured a satellite-navigation system with Galileo, and now needs to do the same for Earth observation.
“if we really want to catch up to this massive gap that’s developing between us and the United States, when it comes to space, we’ve got to start moving fast and acting now,” the ICEYE CEO said.
ICEYE raised €450 million (US$510 million) in a Series F funding round earlier this month that valued the satellite company at more than €10 billion, with the firm saying it will use the proceeds to expand its global footprint.
While the latest funding round was led by a U.S. investment firm, Modrzewski said the majority of the ICEYE board is European, the company’s technology was developed in Europe and being a European firm “is critical.”
“Them choosing to put money into European company actually is a statement of the fact that they see something more unique over here,” Modrzewski said. “So I consider this a win.”
Rudy Ruitenberg is a Europe correspondent for Defense News. He started his career at Bloomberg News and has experience reporting on technology, commodity markets and politics.
