OHB SE: European Commission orders a further four Galileo satellites from OHB System AG
October 05, 2017 at 02:35 pm EDT
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DGAP-Ad-hoc: OHB SE / Key word(s): Contract
OHB SE: European Commission orders a further four Galileo satellites from OHB System AG
05-Oct-2017 / 20:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
October 5, 2017, Bremen - The European Commission has decided to exercise one of its contractual options for the European Galileo navigation system and has therefore ordered a further four satellites from OHB System AG, a subsidiary of OHB SE (Prime Standard, ISIN: DE0005936124). The European Commission and ESA have a delegation agreement by which ESA acts as design and procurement agent on behalf of the EU represented by the European Commission - Galileo's owner.
This contract has a volume of EUR 157.75 million. Assembly and testing of the navigation satellites will commence immediately after the completion of the Batch 3 satellites under the previous order.
Accordingly, OHB System AG has been awarded contracts for a total of 34 Galileo satellites to date. Of these, 14 are already in orbit.
05-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone:
+49 (0)421 2020 8
Fax:
+49 (0)421 2020 613
E-mail:
ir@ohb.de
Internet:
www.ohb.de
ISIN:
DE0005936124
WKN:
593612
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
OHB SE is a Germany-based company, which focuses on the space technology. The Company operates in two segments: Space Systems, developing and executing space projects, low-orbiting and geostationary small satellites for navigation, research, communications and earth observations including scientific payloads; and Aerospace + Industrial Products, responsible for fabricating aviation and space products as well as other industrial activities. The Company operates through a number of subsidiaries located in Germany, Italy, Luxembourg, Belgium, France, Sweden, the United Kingdom and French Guiana, including OHB Logistic Solutions GmbH, OHB France SAS, OHB Sweden AB, MT Aerospace Guyane SAS and ORBCOMM Deutschland Satellitenkommunikation AG.
OHB SE 
