Space infrared dim target recognition is an important applications of space situational awareness (SSA). Due to the weak observability and lack of geometric texture of the target, it may be unreliable to rely only on grayscale features for recognition. In this paper, an intelligent information decision-level fusion method for target recognition which takes full advantage of the ensemble classifier and Dempster–Shafer (DS) theory is proposed. To deal with the problem that DS produces counterintuitive results when evidence conflicts, a contraction–expansion function is introduced to modify the body of evidence to mitigate conflicts between pieces of evidence. In this method, preprocessing and feature extraction are first performed on the multi-frame dual-band infrared images to obtain the features of the target, which include long-wave radiant intensity, medium–long-wave radiant intensity, temperature, emissivity–area product, micromotion period, and velocity. Then, the radiation intensities are fed to the random convolutional kernel transform (ROCKET) architecture for recognition. For the micromotion period feature, a support vector machine (SVM) classifier is used, and the remaining categories of the features are input into the long short-term memory network (LSTM) for recognition, respectively. The posterior probabilities corresponding to each category, which are the result outputs of each classifier, are constructed using the basic probability assignment (BPA) function of the DS. Finally, the discrimination of the space target category is implemented according to improved DS fusion rules and decision rules. Continuous multi-frame infrared images of six flight scenes are used to evaluate the effectiveness of the proposed method. The experimental results indicate that the recognition accuracy of the proposed method in this paper can reach 93% under the strong noise level (signal-to-noise ratio is 5). Its performance outperforms single-feature recognition and other benchmark algorithms based on DS theory, which demonstrates that the proposed method can effectively enhance the recognition accuracy of space infrared dim targets.