Ad hoc announcements

OHB SE: European Commission orders a further four Galileo satellites from OHB System AG

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.

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