OHB System AG, a subsidiary of OHB SE (Prime Standard; ISIN: DE0005936124), was informed in a letter from the European Space Agency (ESA) that its bid for the construction and testing of eight additional FOC satellites for the European satellite navigation system Galileo had been selected. A contract for the order cannot be concluded until after the so-called blackout period ends on May 7; until then, objections to the award decision could be raised.
OHB System AG is already the prime contractor for the construction of 22 satellites in the system to date.