Government advances more funds to Hisdesat in 2026 for PAZ 2 spy satellites
03 Sep 2026Effective: 04 Sep 202695 views
Who is affected:
Hisdesat Servicios Estratégicos SA, INTA and Ministry of Defence
Summary
The payment schedule of the 1.011 billion euro loan to Hisdesat for PAZ 2 radar satellites is redistributed, advancing 65.7 million from 2029 to 2026. The total loan amount remains unchanged.
Detailed analysis
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Orden ITU/920/2026 modifies Annex I of RD 768/2025 to adjust the annual disbursement schedule of the 1.011,85 billion euro public loan granted directly to Hisdesat Servicios Estratégicos, SA. The company requested the change in April 2026 citing treasury issues arising from the mismatch between the original schedule an…
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Orden ITU/920/2026, de 27 de agosto, por la que se modifica el anexo I del Real Decreto 768/2025, de 2 de septiembre, por el que se establecen las normas reguladoras de la concesión directa de un préstamo a la empresa Hisdesat Servicios Estratégicos, SA, para el desarrollo del programa de los satélites de observación de la Tierra con tecnología radar PAZ 2.
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