According to press reports, OHB has been passed over for the contract to build the second generation of Galileo satellites

Ad hoc announcement pursuant to Article 17 of the Market Abuse Regulation (MAR)

Bremen, January 19, 2021

According to today’s press reports, the bid submitted by OHB System AG (a subsidiary of the Bremen-based space group OHB SE, Prime Standard; ISIN: DE0005936124) for the second-generation satellites in the Galileo program has not been selected by the relevant authorities (the European Space Agency, ESA, and the European Commission). OHB has not received a formal award decision; according to media reports, this decision will not be made until the end of January.

OHB System AG had contracts to build a total of 34 first-generation satellites for the Galileo program; 22 of these satellites are already part of the current constellation, while the remaining 12 are at various stages of production and testing. This contract is not affected by this.

Media Contact:

Marianne Radel
Head of Corporate Communications
Tel: +49 421 2020 9159
Email:marianne.radel@ohb.de

Contact for investors and analysts:

Marcel Dietz
Investor Relations
Tel: +49 421 2020 6426
Email:ir@ohb.de