OHB Technology AG: OHB-System and ESA signing Galileo contract

OHB Technology AG / Contract

26.01.2010 

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

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OHB-System and ESA signing Galileo contract

Nordwijk, January 26, 2010. The Director of the Galileo Programme and
Navigation related activities, Mr René Oosterlinck, and the CEO of
OHB-System AG (a subsidiary of OHB Technology AG), Berry Smutny, have today
signed the contract for the development and construction of 14 Galileo
satellites. These signatures implement the decision made by the European
Commission two weeks ago to nominate OHB-System as prime contractor for the
1st 14 satellites.

With a total volume of around EUR 566 million, the contract assigns to
OHB-System the function of prime contractor for 14 satellites. OHB will
also be responsible to develop and assemble the satellite bus. Under the
terms of a subcontract, UK based company Surrey Satellite Technology Ltd.
(SSTL) will be developing and building the navigation payload and
additionally supporting OHB in the final assembly of the satellites. The 14
satellites will be integrated in Bremen, with the first two scheduled for
launch in late 2012.



Contact for Investors and Analysts:    Contact for Media: 

Michael Vér                            Steffen Leuthold  
Investor Relations                     Corporate Communications  
Tel.: +49 421 - 2020-727               Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-613                Fax: +49 421 - 2020-9898
E-Mail: ver@ohb-technology.de          E-Mail: leuthold@ohb-technology.de
www.ohb-technology.de                  www.ohb-system.de


26.01.2010  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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