OHB AG: OHB System awarded contract for the construction of a further eight Galileo* navigation satellites

OHB AG  / Key word(s): Contract

02.02.2012 13:14

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OHB System awarded contract for the construction of a further eight
Galileo* navigation satellites

Bremen, February 2, 2012. The Vice President of the European Commission,
Antonio Tajani, today announced the signature of a contract between the
syndicate comprising OHB System AG, a subsidiary of OHB AG, and Surrey
Satellite Technology Ltd., Guildford, UK, (SSTL) and the European Space
Agency, to build and test a further eight satellites of the European global
navigation satellite system established under the Galileo programme.  This
contract is worth around EUR 250 million.

OHB System is the prime contractor for the construction of what is now a
total of 22 satellites for the system and is responsible for developing the
satellite bus and for integrating the satellites. SSTL is developing and
constructing the navigation payload and additionally assisting OHB with the
final assembly of the satellites. The 22 satellites will undergo final
assembly in Bremen.

* The Full Operational Capability phase of the Galileo programme is managed
and fully funded by the European Union. The Commission and ESA have signed
a delegation agreement by which ESA acts as design and procurement agent on
behalf of the Commission. The views expressed in this Press Release can in
no way be taken to reflect the official opinion of the European Union
and/or ESA.'Galileo' is a trademark subject to OHIM application number
002742237 by EU and ESA


Contact:
Investor Relations
Michael Vér
Tel.: +49 421 - 2020-727
Fax: +49 421 - 2020-613
E-Mail: michael.ver@ohb.de


Corporate Communications
Steffen Leuthold
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: steffen.leuthold@ohb.de


02.02.2012 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      OHB AG
              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:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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