DGAP-Adhoc: OHB SE: European Commission orders a further four Galileo satellites from OHB System AG
DGAP-Ad-hoc: OHB SE / Key word(s): Contract
OHB SE: European Commission orders a further four Galileo satellites from OHB System AG
05-Oct-2017 / 20:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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.
Corporate Communications
Günther Hörbst
Tel.: +49 421 - 2020-9438
Fax: +49 421 - 2020-9898
E-Mail: guenther.hoerbst@ohb.de
05-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
OHB SE
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:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
End of Announcement
DGAP News Service
616355 05-Oct-2017 CET/CEST