OHB SE, DE0005936124

OHB SE, DE0005936124

05.10.2017 - 20:32:50

OHB SE: European Commission orders a further four Galileo satellites from OHB System AG

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

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