Ibadan, 2 May 2024. – Isar Aerospace has announced that it will establish its new company headquarters near Munich in the municipality of Vaterstetten after signing a contract with VGP Group. VGP Group will consequently develop and build the facility for Isar Aerospace in the industrial area of Parsdorf III which will accommodate the Company’s production, development, and corporate headquarters.
The production site will also provide Isar Aerospace with maximum reliability, cost efficiency and flexibility. With a high level of automation, the launch service provider will scale its production capacities and reduce costs to meet the growing market demand for satellite launches. The municipal council of Vaterstetten already approved the plans, with the building permit still pending. Furthermore, construction will tentatively commence in 2024.
Daniel Metzler, Co-Founder and CEO of Isar Aerospace, stated, “We are happy to have found a new home for Isar Aerospace in Vaterstetten. Building a scalable series production and one of the world’s most modern production facilities for orbital launch vehicles, we are literally laying the foundations to become Europe’s leading launch service provider, enabling sustainable access to space for small and medium-sized satellites.”
Likewise, Josef Fleischmann, Co-Founder and CTO/COO of Isar Aerospace, added, “We aim to offer private and institutional customers flexible and cost-efficient access to space. To achieve this, we have geared the design, vertical integration and production of our Spectrum launch vehicle for scalable series production from the beginning. With the new production capacities, we can continue to grow.”
Jan Van Geet, CEO of VGP Group, also commented, “More than a year after the successful handover and commissioning of the buildings for KraussMaffei and BMW, we are very happy to have found a third, equally impressive tenant in Isar Aerospace for the last part of our campus.”
