OHB AG / Key word(s): Contract

02.02.2012 13:14

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

OHB System awarded contract for the construction of a further eight Galileo* navigation satellites

Bremen, February 2, 2012. The Vice President of the European Commission, Antonio Tajani, today announced the signature of a contract between the syndicate comprising OHB System AG, a subsidiary of OHB AG, and Surrey Satellite Technology Ltd., Guildford, UK, (SSTL) and the European Space Agency, to build and test a further eight satellites of the European global navigation satellite system established under the Galileo programme. This contract is worth around EUR 250 million.

OHB System is the prime contractor for the construction of what is now a total of 22 satellites for the system and is responsible for developing the satellite bus and for integrating the satellites. SSTL is developing and constructing the navigation payload and additionally assisting OHB with the final assembly of the satellites. The 22 satellites will undergo final assembly in Bremen.

* The Full Operational Capability phase of the Galileo programme is managed and fully funded by the European Union. The Commission and ESA have signed a delegation agreement by which ESA acts as design and procurement agent on behalf of the Commission. The views expressed in this Press Release can in no way be taken to reflect the official opinion of the European Union and/or ESA.'Galileo' is a trademark subject to OHIM application number 002742237 by EU and ESA

Contact: Investor Relations Michael Vér Tel.: +49 421 - 2020-727 Fax: +49 421 - 2020-613 E-Mail: michael.ver@ohb.de

Corporate Communications Steffen Leuthold Tel.: +49 421 - 2020-620 Fax: +49 421 - 2020-9898 E-Mail: steffen.leuthold@ohb.de

02.02.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de



Language: English
Company: OHB AG
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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

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