Satellite SAR imagery ICEYE continues expansion with $50 million last year

Finnish satellite imagery firm ICEYE continues to expand its business in the U.S., announcing Wednesday that it signed $50 million in contracts last year for its services while hiring multiple new executives, including a former Tesla leader.

ICEYE co-founder and CEO Rafal Modrzewski told CNBC that last year’s total sales growth was “an unexpected result” given the COVID-19 pandemic, and represented contract growth of nearly 10 times what the company signed in 2019.

“It was definitely above expectations, and we see this trend continuing,”…