MT Aerospace awarded a further production order for the ARIANE 5
Contract for EUR 55 million for the production of launcher components
MT Aerospace AG, Augsburg, a subsidiary of OHB Technology AG (ISIN: DE0005936124), has received another order for the production of ARIANE 5 components. Awarded by Cyrospace GIE, Les Mureaux, France, the contract is valued at EUR 55 million and entails essential components of the liquid hydrogen and liquid oxygen tanks in the upper stage of the ARIANE 5 launcher. “The contract, which runs into 2009, will assure long-term utilization of aerospace production capacity”, says Walter Köppel, CTO of MT Aerospace AG.
This order is an essential part of the total contract for 30 launchers ordered from the European industry by marketing enterprise ARIANESPACE. MT Aerospace AG holds an 8% share in ARIANESPACE.
ARIANESPACE is seeking to accommodate growing global demand for satellite launches by increasing the present number of 5-6 launches to a future eight launches per year.
With its internationally recognised competence in the development of components and the application of modern production technologies, MT Aerospace is one of the most important players in space technology business today.