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.
Bremen-based space and high-tech company OHB-System AG has received three new contracts for the radio transmission of high-resolution aerial reconnaissance images.
OHB Technology AG of Bremen (Prime Standard, ISIN: DE0005936124), Germany and SSTL located in Guildford, UK welcome the decision on Galileo taken by the European Transport Council. Both companies are strongly supportive of the new start given to Galileo, with improved rules of governance, and a balanced industrial scheme strengthening competition and allowing dual-sourcing.
On Saturday, the German Federal Armed Forces officially took over the SAR-Lupe system for their reconnaissance activities. With two radar satellites currently in fully functioning condition, the system will be placed in partial operation. The German Federal Office of Defense Technology and Procurement BWB has performed extensive tests and confirmed that the two satellites are producing the required number of images in the necessary quality.
Total revenues for nine months 2007 increase to EUR 152.2 million (previous year: EUR 129.9 million)
The OHB Technology AG’s (Prime Standard, ISIN: DE0005936124) total revenues in the first nine months of 2007 came to EUR 152.2 million, well up on the year-ago figure of EUR 129.9 million. Increase in total revenues in the third quarter of 2007 due to the first-time consolidation of Kayser-Threde GmbH (share attributable EUR 9.9 million) to EUR 59.1 million (previous year: EUR 44.3 million) should be mentioned especially.
A Russian Cosmos 3M carrier lifted off on schedule from the Russian Plesetsk space center, south of Archangelsk, in the early hours of this morning at 1:51 hours CET. On board it was carrying the third SAR-Lupe radar satellite, which it successfully released into its intended orbit around half an hour later.
Successful Space Shuttle launch: European Module Node 2 with OHB contribution on its way to the International Space Station (ISS)
U.S. Space Shuttle Discovery lifted off on schedule at 17:38 hours CEST carrying the Node 2. Node 2, given the name Harmony, features internal subsystems such as cable harnesses and secondary structures supplied by the Bremen based space technology company OHB-System. The node is the module which links the ISS laboratories.
After several months of uncertainty, Galileo is back on tracks. This is good news for Europe, for its economic development, and its technological leadership. OHB Technology welcomes the communication of the European Commission and supports the new momentum given to complete the system.
Prime Standard listed OHB Technology Group (ISIN: DE0005936124, Prime Standard) acquired 19% of the US listed SpaceDev Inc, Poway, CA, USA, (NASDAQ, OTCBB: SPDV). OHB Technology AG and its subsidiary MT Aerospace AG made this collective investment into the strategic partner SpaceDev in form of a common stock sale in the amount of approximately USD 4.4 million (EUR 3.3 million). A mutual high level management team actively explore manufacturing optimization, systems development, and future program opportunities in Europe as well as in the USA.
Today at 13.00 hours CEST, an unmanned Russian FOTON-M3 space capsule containing roughly 15 scientific experiments successfully lifted off from the Baikonur space center in Kazakhstan.
This year again, OHB-System AG, the space technology company based in Bremen, Germany, will be exhibiting at the International Aviation & Space Salon MAKS. You are welcome to find out more about OHB’s innovative projects in one-on-ones with members of the Company’s Management Board or our representatives.
s of today, Munich aerospace company Kayser-Threde GmbH is officially part of OHB Technology AG (ISIN: DE0005936124, Prime Standard). The formal transfer of the entire interest in KT Beteiligungsgesellschaft mbH & Co. KG, which holds a 100 percent interest in Kayser-Threde GmbH, was finalized today with the entry in the commercial register. The company will be included in the consolidated financial statements of OHB Technology AG as of July 1, 2007.
Bremen-based space technology company OHB-System AG dispatched the third SAR-Lupe satellite yesterday evening at 10:00 pm. Its immediate destination is the IABG satellite testing center, where space conditions can be simulated to a very large extent.
On Tuesday evening August 14, Arianespace placed two communications satellites into geostationary transfer orbit: SPACEWAY 3 for the American operator Hughes Network Systems, LLC, and BSAT-3a for the American manufacturer Lockheed Martin Commercial Satellite Systems as part of a turnkey contract with Broadcasting Satellite System Corporation (B-SAT) of Japan.
Space Shuttle Endeavor successfully launched: Further extensions to the International Space Station featuring no shortage of technology made in Bremen
Following the successful lift-off of the launch vehicle carrying the Space Shuttle Endeavor at 0:36 hours CEST last night, the experts at Bremen-based space technology company OHB-System AG are looking forward with great optimism to the next Shuttle missions scheduled for October and December of this year.
With the takeover of Kayser-Threde GmbH – the third largest aerospace company in Germany – the Group OHB Technology AG (Prime Standard, ISIN: DE0005936124) expands its product portfolio by the segment Science + Payloads, improves the tapping of further development potential and will be positioned upon an even broader base with altogether four business units in the future.
Together they have been looking down onto the earth since the beginning of July, the first two satellites in the SAR-Lupe system for the German Federal Armed Forces. The second satellite was successfully launched into its low-altitude orbit on July 2, 2007 on board a COSMOS 3M, which lifted off from the Plesetsk space center.
The second satellite in the SAR-Lupe system has been placed successfully in orbit. The Russian Cosmos 3M launch vehicle lifted off last night from the Russian Plesetsk space center, south of Archangelsk, on schedule at 21:38:41 hours CEST. Roughly half an hour later, it released the radar satellite into its low-earth orbit at an altitude of roughly 500 km.
Today, OHB Technology AG (ISIN: DE0005936124), listed on the Prime Standard, has signed a contract sale for the purchase of the entire interest in KT Beteiligungsgesellschaft mbH & Co. KG, which in turn holds a 100 percent of the shares in Kayser-Threde GmbH, Munich. The purchase price amounts to EUR 5.95 million. The performance of the sale contract is subject to various conditions whose occurrence is expected for the next weeks.
This year again, OHB-System AG, the space technology company based in Bremen, Germany, will be exhibiting at the Airshow in Paris Airshow in Le Bourget. You are welcome to find out more about OHB’s innovative projects in one-on-ones with members of the Company’s Management Board or the responsible project managers.
During the evening of May 5th the ARIANE 5 had a successful launch from the spaceport in Kourou, French Guiana while carrying the ASTRA 1L and GALAXY 17 television satellites on board. This is the second launch in 2007 after five successful launches in 2006. “This success lets me be confident towards the rise in cadence from six flights in 2007 up to eight in 2008”, said Marco R. Fuchs, CEO of OHB Technology AG, who was attending the launch in Kourou.
Yesterday, the Vice-President of the European Commission for Transport, Jacques Barrot, visited OHB headquarters while in Bremen attending the conference “Future Maritime Policy of the EU."
Early this week, the Bremen-based space aviation company OHB-System AG dispatched a further key component for the international space station ISS to the Kennedy Space Center in the U.S. The European Transport Carrier (ETC), developed and built for the European Space Agency (ESA), is a special stowage and transport rack in which the equipment and samples of sensitive scientific experiments for the European COLUMBUS module of the ISS can be securely stored.
Today, a delegation of interior ministers and senators from German states governed by Christian democrat/Christian socialist parties visited OHB Technology AG. The visit to the Bremen space aviation and technology enterprises is the first program item of the conference of interior ministers of the Union parties to be held today and tomorrow in Bremen’s Parkhotel.
Today, an Indian rocket of the type PSLV-C8 took off to its first commercial launch and successfully put the Italian astronomic research satellite AGILE into orbit at an altitude of 550 km. The rocket took off on schedule from the Satish Dhawan Space Center in Sriharikota, 80 km north of Chennai, at 12:00h CET. The launch services were performed by COSMOS International Satellitenstart GmbH, the launch service operator of OHB-System AG.
Yesterday evening, the second of five SAR-Lupe satellites left the premises of Bremen-based space technology company OHB-System AG. Its initial destination is the IABG satellite testing center in Ottobrunn, where it will be undergoing final comprehensive testing. For this purpose, the satellite will be exposed to conditions identical to those which it must be able to withstand at the launch and during operations in orbit.
A high-ranking government delegation from Omsk, Siberia, today visited Bremen-based space technology company OHB-System AG. Led by governor Leonid K. Polezhajev, the group included, among others, the minister of industrial policy, transport and communications, the mayor and the minister of economics of the Omsk region, all of whom were interested to find out more about OHB’s work.
On March 7, 2007, Bremen-based space technology company OHB-System AG was awarded a contract by the European Space Agency ESA for the next development phases of the “SmallGEO” small geostationary satellite.
OHB-System AG, a subsidiary of OHB Technology AG (Prime Standard, ISIN: DE0005936124) was today awarded a contract for the next development phase of the SmallGEO small geostationary satellites. The ESA Director of Telecommunications and Navigation, Giuseppe Viriglio, and the Chairman of the Management Board of OHB-System AG, Prof. Manfred Fuchs, put their signatures to the contract today for around EUR 100 million including all options.
Today OHB Technology AG (Prime Standard, ISIN: DE0005936124) announced at the occasion of the third Capital Market Day at its headquarter in Bremen that the earnings per share for 2006 of 80 cents would likely slightly exceed the outlook for the OHB Group of 79 cents per share.
The first German reconnaissance satellite in the SAR-Lupe system has been orbiting the earth for exactly one month now. Over the past few days, it has repeatedly generated high-resolution radar images, thus proving its full operability.