Indra Space reports sharply higher revenue and EBITDA, books $2.2B in backlog for work on Europe’s Iris2

by Peter B. de Selding

LA PLATA, Maryland — Indra Group of Spain booked 1.926 billion euros ($2.2 billion) in new orders from Europe’s Iris2 multi-orbit secure communications constellation in the three months ending Sept.30, confirming that the company has vaulted into the front ranks of Europe’s space ecosystem.

Indra, which in January acquired satellite fleet operator Hispasat and its Hisdesat military communications division, said it’s on track to make its goal of 400 million euros on space division revenue this year.

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