Ad hoc announcement according to Art. 17 MAR

According to press articles, negative award decision for second generation of Galileo satellites for OHB

Bremen, January 19, 2021 - According to press articles today, the bid submitted by OHB System AG (a subsidiary of Bremen-based space technology group OHB SE, Prime Standard; ISIN: DE0005936124) for the second-generation satellites in the Galileo program has not been selected by the relevant bodies (European Space Agency ESA and the European Commission). OHB has not received a corresponding award decision; according to media reports, a decision will not be made until the end of January.

OHB System AG had contracts for the delivery of a total of 34 first-generation satellites in the Galileo program, 22 of which are already part of the current constellation, the remaining 12 satellites are at different stages of production and testing. This order is not affected by this.

 

Contact

OHB SE
Investor Relations
Manfred-Fuchs-Platz 2-4
28359 Bremen/Germany
Phone +49 (0) 421-2020 7200
Fax +49 (0) 421-2020 613
Email ir@ohb.de

Contact for investors and analysts: 

Martina Lilienthal
Phone: +49 421 - 2020-7200
Fax: +49 421 - 2020-613
Email: ir@ohb.de

Contact for media representatives:

Günther Hörbst
Head Corporate Communication
Phone: +49-421-2020-9438
Email: guenther.hoerbst@ohb.de