Ad-hoc | 5 October 2017 20:28
OHB SE: European Commission orders a further four Galileo satellites from OHB System AG
|
OHB SE / Key word(s): Contract
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. Corporate Communications Günther Hörbst Tel.: +49 421 – 2020-9438 Fax: +49 421 – 2020-9898 E-Mail: guenther.hoerbst@ohb.de
05-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|
| 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 |
| End of Announcement | DGAP News Service |