The first German reconnaissance satellite in the SAR-Lupe system has been successfully placed in orbit. The Russian Cosmos 3M launch vehicle took off on schedule from the Russian Plesetsk space station south of Archangelsk at 15:00:19 hours Central European Time, placing the first of a total of five radar satellites in its low orbit at an altitude of around 500 km half an hour later as planned.
At 15:00:19 hours Central European Time on Tuesday, December 19, 2006, the first of a total of five SAR-Lupe reconnaissance satellites will be placed in orbit for the German Armed Forces onboard a COSMOS 3M launcher taking off from the Plesetsk space center.
uxembourg-based space technology company LUXSPACE Sàrl, a subsidiary of OHB Technology AG (ISIN: DE0005936124), is joining forces with the NGO Sant'Egidio, Rome, and the University of Padova to produce a study identifying ways in which space-based technologies can help to facilitate the logistic distribution of HIV/AIDS medicines in Africa.
Bremen-based space technology company OHB-System AG has today been awarded a contract by the German Federal Office of Defense Technology and Procurement (BWB), Koblenz, for the implementation of the European satellite-based reconnaissance system. The contract was signed at the BWB head offices in Koblenz by its vice-president Harald Stein and Prof. Manfred Fuchs, CEO of OHB-System AG.
The OHB Technology Group (Prime Standard, ISIN: DE0005936124) also profited from the successful takeover and integration of MT Aerospace AG in the third quarter 2006. The group’s order backlog, total revenues and earnings reached new dimensions and have already exceeded the prior year’s 2005 values after nine months. Overall, the perspectives for the OHB Group are better than expected.
Bremen-based space technology company OHB-System AG is building the first experiment for the BIOLAB biological research laboratory on board the COLUMBUS, the European section of the ISS International Space Station. To be known as WAICO, the research system will be examining root growth in arabidopsis, also known as thale or mouse-ear cress, in varying degrees of gravity as well as in completely weightless conditions. Worth EUR 1.7 million, the contract has been awarded by Astrium GmbH, Friedrichshafen.
Prof. Manfred Fuchs, CEO of OHB-System AG, traveled with German chancellor Dr. Angela Merkel and roughly 40 other political and business representatives to Turkey at the end of last week. The program provided for a great deal of scope for negotiations between German and Turkish business leaders.
The first of five SAR Lupe satellites has been completed by the Bremen aerospace company OHB-System AG. At the Flight Readiness Review held on September 19 and 20, 2006, the principal – the Federal Office of Defense Technology and Procurement (BWB) – gave the go-ahead for the continuation of the project and also confirmed its announced launch date.
Michael Glos (CSU), Germany’s minister for economic affairs, paid a visit to Bremen on 24 August. His helicopter, with Bremen’s senator for the economy and ports, Jörg Kastendiek (CDU) on board, landed at the space aviation center OHB in Bremen’s technology park that afternoon.
Total revenues of the OHB Group after six months (OHB Technology AG, Prime Standard, ISIN: DE0005936124) of EUR 85.5 million exceeded the previous year’s level considerably (EUR 33.0 million, still excluding the integrated MT Aerospace AG).
MT Aerospace AG, Augsburg, a subsidiary of OHB Technology AG (ISIN: DE0005936124) has been awarded a contract by Japanese company Mitsubishi Heavy Industries (MHI), Ltd., Tokyo, for the delivery of components for the HTV, the unmanned Japanese space transporter. The components, which will be produced in Augsburg, will form part of the interior structure separating the vehicle’s drive from the transportation area.
OHB Technology AG (ISIN: DE0005936124) would like to announce that Mr. ALAIN BORIES was appointed Director for Strategy and Corporate Development and Director General of OHB-France.
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.
Bremen-based space technology company OHB-System AG has been awarded a contract for the construction of six satellite buses as well as the integration and launch of the six communications satellites by US satellite operator ORBCOMM Inc. The contract was announced by Jerry Eisenberg, CEO of ORBCOMM Inc., and Marco R. Fuchs, CEO of OHB Technology A.G., at the ORBCOMM Global Solutions Conference in Leesburg, Virginia.
US Space Shuttle Discovery lifted off successfully from Cape Canaveral, Florida, yesterday evening. On board is the biological research laboratory EMCS, the European Modular Cultivation System. Bremen-based space technology company OHB-System AG constructed the heart of this bio laboratory in the form of two centrifuges and is thus sending its first hardware to the ISS.
Bremen-based space technology company OHB-System AG today received funding for its “Mona Lisa” lunar exploration program from the German Space Agency DLR. The project has a total value of around EUR 500,000, half of which will be funded by DLR.
The aerospace company OHB-System AG headquartered in Bremen, Germany, will once again be represented at the International Aerospace Exhibition & Conferences in Berlin. You are cordially invited for individual discussions with our management or project manager about the trendsetting projects of OHB.
OHB Technology AG benefits from the new organizational structure due to the integration of MT Aerospace AG
The positive effects of the acquisition of MT Aerospace AG are not only reflected in the figures for the first quarter of 2006 of OHB Technology AG (Prime Standard, ISIN: DE0005936124) but also resulted in material changes to OHB Technology AG`s financials on account of the new organizational structure.
Further earnings increase to record level of Cent 72 per share thanks to successful acquisition of MT Aerospace
The Management Board of OHB Technology AG (ISIN: DE0005936124) will present the audited consolidated financial statements for 2005 at today’s annual accounts press conference in Bremen. The Board will also reiterate the positive outlook for the current 2006 fiscal year.
Today Supervisory Board of OHB Technology AG (Prime Standard, ISIN: DE0005936124) accepted the consolidated annual accounts of OHB Group and the annual accounts of OHB Technology AG, presented by the Management Board and audited by the auditors for the fiscal year 2005. Therefore the annual accounts 2005 are confirmed.
Today OHB Technology AG (Prime Standard, ISIN: DE0005936124) confirmed the 2005 earnings guidance for the OHB Group with some 70 cents per share on the occasion of the 2nd Capital Market Day at MT Aerospace AG in Augsburg.
OHB Technology affiliated company ORBCOMM, Dulles, Va., United States, a global satellite telecommunications company, today announced that it has completed equity financings totaling over $110 million led by Pacific Corporate Group (PCG), which committed $60 million. New investors, in addition to PCG, include investment firms MH Equity Investors and Torch Hill Capital.