HawkEye 360 vs ICEYE: Earth observation compared

November 2026 edition · assessment by Frontier Tech Intelligence

ICEYE ranks 2 on the Space 100 with a score of 93; HawkEye 360 ranks 14 with 82. ICEYE is ahead on deployment, production, positioning and firepower. Level on commercials, progress, technology and leverage. HawkEye 360 is based in Herndon, United States, ICEYE in Espoo, Finland. HawkEye 360: Public. ICEYE: Private, founded 2014. HawkEye 360 is named in 23 signals and ICEYE in 127.

HawkEye 360 →

Herndon, Virginia, United States · Space · Satellites & spacecraft / Earth observation · Public · he360.com

HawkEye 360 operates a commercial RF geolocation satellite constellation and sells radio-frequency intelligence to customers including the National Reconnaissance Office.

Space 100 · rank 14 · score 82

Scores, Space (of 10)

Deployment8
Production8
Commercials8
Progress10
Technology8
Positioning8
Firepower8
Leverage8

Darker bar: ahead of the other company on that measure.

Positioning

HawkEye 360 is a US RF-geolocation operator with a 30-satellite constellation (clusters of three since 2018; Block 4 angle-of-arrival payloads launching 2027), promoted from watchlist after it went public (ticker HAWK). FY25 revenue was $117.7M with $24.8M EBITDA (international outpacing US), and Lockheed Martin is an investor and integration partner, feeding RF intelligence into the AEGIS weapon system at Valiant Shield 2026; its December 2025 ISA acquisition generalizes emitter identification. The IPO proceeds, Q2 figures, and backlog are the open items.

Latest signals

  • HawkEye 360 successfully deployed six advanced RF detection and geolocation satellites.Satellite Evolution
  • SFL Missions delivered HawkEye 360 Cluster 15 and 16 spacecraft buses and subsystems.Satellite Evolution
  • Rocket Lab launched three HawkEye 360 satellites on an Electron rocket from New Zealand.Novosti Kosmonavtiki

23 signals name HawkEye 360.

Facts, with sources

  • Launches booked through 2028 for RF geolocation satellitesSpaceNews
  • [object Object]SpaceNews
  • Secured launches through 2028 via SpaceX rideshare missionsSpaceNews

16 facts on file.

ICEYE →

Espoo, Finland · Space · Satellites & spacecraft / Earth observation · Private · founded 2014 · www.iceye.com

ICEYE builds and operates a radar imaging satellite constellation and sells Earth-observation imagery and products, such as flood intelligence, to government and defense customers.

Space 100 · rank 2 · score 93

Scores, Space (of 10)

Deployment10
Production10
Commercials8
Progress10
Technology8
Positioning10
Firepower10
Leverage8

Darker bar: ahead of the other company on that measure.

Positioning

ICEYE is a Finnish operator of the world's largest SAR constellation (70 satellites launched since 2018, 25cm class), profitable at the operating level with FY25 revenue above EUR 250M (+100%) and EBITDA above EUR 100M, a EUR 1.5B backlog, and a EUR 1B-plus raise in June 2026 at a EUR 10B-plus valuation. It is the sovereign-intelligence category winner, with a EUR 1.7B Bundeswehr SPOCK 1 contract via its Rheinmetall JV and POLSARIS delivered to Poland's armed forces in under 12 months, marking a model shift toward governments buying constellations rather than renting imagery. It is scaling production toward one satellite per week during 2026 and 100 a year by 2028.

Latest signals

  • ICEYE received PLN 30 million from Poland’s NCBR FENG competition.Space24
  • Iceye continued expanding its synthetic-aperture radar satellite constellation.Electronics Weekly
  • Ukraine signed a letter of intent to purchase planned sovereign communications satellites from ICEYE and Nokia.Breaking Defense

127 signals name ICEYE.

Facts, with sources

  • ESA architecture study contract for the EU Earth Observation Governmental Satellite systemwww.electronicsweekly.com — 2026-09-18
  • ESA architecture study contracts for the EU Earth Observation Governmental Satellite systemwww.electronicsweekly.com — 2026-09-18
  • ESA architecture study contracts awarded to ICEYE and Leonardo for the EU Earth Observation Governmental Satellite systemwww.electronicsweekly.com — 2026-09-18

152 facts on file.

More comparisons

Questions this page answers

HawkEye 360 or ICEYE: which is ahead in space?

ICEYE ranks 2 on the Space 100 with a score of 93; HawkEye 360 ranks 14 with 82. ICEYE is ahead on deployment, production, positioning and firepower. Level on commercials, progress, technology and leverage. HawkEye 360 is based in Herndon, United States, ICEYE in Espoo, Finland. HawkEye 360: Public. ICEYE: Private, founded 2014. HawkEye 360 is named in 23 signals and ICEYE in 127.

How do HawkEye 360 and ICEYE compare?

ICEYE ranks 2 on the Space 100 with a score of 93; HawkEye 360 ranks 14 with 82. ICEYE is ahead on deployment, production, positioning and firepower. Level on commercials, progress, technology and leverage. HawkEye 360 is based in Herndon, United States, ICEYE in Espoo, Finland. HawkEye 360: Public. ICEYE: Private, founded 2014. HawkEye 360 is named in 23 signals and ICEYE in 127. Both company files carry the scores on eight measures, the facts with sources and the latest signals.

Every comparison here comes from the same files members use every day.

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