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OHB AG (FRA:OHB) DGAP-Adhoc: OHB SE: European Commission orders a further four Galileo satellites from OHB System AG

Transparency directive : regulatory news

05/10/2017 20:28

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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

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