Bremen, January 19, 2021 - According to press articles today, the bid submitted by OHB System AG (a subsidiary of Bremen-based space technology group OHB SE, Prime Standard; ISIN: DE0005936124) for the second-generation satellites in the Galileo program has not been selected by the relevant bodies (European Space Agency ESA and the European Commission). OHB has not received a corresponding award decision; according to media reports, a decision will not be made until the end of January.
OHB System AG had contracts for the delivery of a total of 34 first-generation satellites in the Galileo program, 22 of which are already part of the current constellation, the remaining 12 satellites are at different stages of production and testing. This order is not affected by this.
Contact for investors and analysts:
Marcel Dietz
Investor Relations
Phone: +49 421 2020 6426
Email: ir@ohb.de
Contact for media representatives:
Marianne Radel
Head of Corporate Communications
Phone: +49 421 2020 9159
Email: marianne.radel@ohb.de