Maximization of the Channel-Based Key Establishment Rate in MIMO Systems Abstract: Keys for symmetric encryption can be established by generating key bits from the mutually-observed randomness present within estimates of a reciprocal wireless channel. We consider this approach for key establishment in multiple-input multiple-output (MIMO) systems and provide a channel estimation strategy that increases the key rate, or the mutual information between the channel estimates at the two nodes. The technique applies MIMO transmit and receive beamformers derived from the eigenvectors of the covariance matrix and then iteratively optimizes the power allocated to each transmit beamformer. Simulation results demonstrate the iterative behavior and the achieved performance of the proposed algorithm.