OHB Technology AG: OHB selected for the construction of 14 Galileo navigation satellites

OHB Technology AG / Miscellaneous

07.01.2010 

Dissemination of an Ad hoc announcement according to § 15 WpHG,
transmitted by
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The issuer is solely responsible for the content of this announcement.

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OHB selected for the construction of 14 Galileo navigation satellites

Bremen, January 7, 2010. Antonio Tajani, Vice-President of the European
Commission in charge of Transport, today announced that the consortium led
by OHB-System AG, a subsidiary of OHB Technology AG, and Surrey Satellite
Technology Ltd. (SSTL) has been selected for building and testing 14
satellites for the Galileo satellite navigation system, under a programme
of and funded by the European Union. This selection is a major milestone
for the European Commission, assisted by the European Space Agency, who
initiated the tendering process for these satellites in September 2008.

As a result of this decision, OHB-System will be the prime contractor for
the fabrication of the 14 satellites including full responsibility for
developing the satellite bus and integration of the satellites. SSTL will
build and integrate the navigation payloads and support OHB with the final
integration. The 14 satellites will be assembled in Bremen.




Contact for investors and nalysts:      Contact for media representatives:
Michael Vér                             Steffen Leuthold
Investor Relations                      Corporate Communications
Phone: +49 421 - 2020-727               Phone: +49 421 - 2020-620
Fax: +49 421 - 2020-613                 Fax: +49 421 - 2020-9898
E-Mail: ver@ohb-technology.de           E-Mail: leuthold@ohb-system.de  
www.ohb-technology.de                   www.ohb-system.de


07.01.2010  Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      OHB Technology AG
              Karl-Ferdinand-Braun-Str. 8
              28359 Bremen
              Deutschland
Phone:        +49 (0)421 2020 8
Fax:          +49 (0)421 2020 613
E-mail:       ir@ohb-technology.de
Internet:     www.ohb-technology.de
ISIN:         DE0005936124
WKN:          593612
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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