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European Space Agency Awards €543.6 Million in Contracts to Isar Aerospace, Rocket Factory Augsburg, and PLD Space for European Launcher Challenge.

Aug 27, 2026•about 3 hours ago

Contract Type

contract

MunichManufacturingTransportationAerospaceSatellite Communication

Description

The European Space Agency has awarded €543.6 million in contracts to three companies under the European Launcher Challenge. Each company must reach orbit by the end of 2027 to begin receiving funding for operational launches through 2030.

Company Information

Company

Isar Aerospace

Location

Munich, Bavaria, Germany

About

Isar Aerospace develops next generation rockets for sustainable access to space for small and medium satellites and satellite constellations.

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