19.12.2007

OHB Technology AG chosen as preferred bidder for the three German Airbus factories

OHB Technology, Bremen, and MT Aerospace AG, which belongs to them, are preferred bidders for further sales negotiations regarding the German Airbus factories Varel, Nordenham and Augsburg

Transaction closure planned in H1 2008

Marco Fuchs, OHB Technology CEO: “The intended purchase of the German Airbus factories is an important milestone for our company and a clear signal for Germany as a prime location for technology and innovation.”

At their meeting today the Board of Directors of EADS chose OHB Technology and its majority-owned subsidiary MT Aerospace as preferred bidder for the three German Airbus factories Varel, Nordenham and Augsburg, currently employing a workforce of around 6,000. Transaction closure is planned in the first half year of 2008. OHB Technology AG intends to acquire the factories jointly with a financial investor.

The EADS Board of Directors reached the decision unanimously. Marco Fuchs, OHB Technology CEO: “The intended purchase of the German Airbus factories is an important milestone for our company and a clear signal for Germany as prime location for technology and innovation. We are very happy that we were able to gain the confidence of the EADS management.”

“The support from Berlin was helpful and made it easier for us to take the decision. With the current solution, the technology developed in Germany remains within the country. This is especially important for the development and construction of important parts for the new Airbus A 350 XWB” says Hans J. Steininger, CEO of MT Aerospace AG.

The targeted acquisition of the factories is intended to further strengthen aviation business at OHB Technology and MT Aerospace AG who are already suppliers for Airbus and see themselves as the optimum partners for the three aviation locations at Varel, Nordenham and Augsburg. Large, complex aircraft parts such as the Airbus fuselage are manufactured in the two factories at Varel and Nordenham. In Augsburg, in addition to manufacturing, the development is located of complex structural components for the aircraft in the areas of metals and composites, such as for the A 400 M. MT Aerospace is also already involved in both programs. Hans J. Steininger: “The knowledge and skills of OHB Technology and MT Aerospace combined with the three German Aerospace factories form the ideal starting point for a new supply company in Germany that will become a first tier supplier for the Aeronautical industry. We want to create a innovation and technology leader with awesome potential, also by global standards.”

Contact for media

Günther Hörbst
Head of Corporate Communications

OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany

Phone.: +49 421 2020-9438
Mobile: +49 171 1931041
Email: guenther.hoerbst@ohb.de

Julia Riedl
Corporate Communications

OHB System AG
Manfred-Fuchs-Straße 1
82234 Weßling - Oberpfaffenhofen
Germany

Phone: +49 8153 4002 249
Mobile: +49 172 10 80 716
Email: julia.riedl@ohb.de

You can reach both of us with an email to pr@ohb.de