OHB SE: OHB proposals for the Copernicus project selected by ESA
July 01, 2020 at 08:10 am EDT
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DGAP-Ad-hoc: OHB SE / Key word(s): Miscellaneous
OHB SE: OHB proposals for the Copernicus project selected by ESA
01-Jul-2020 / 14:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Bremen, 01.07.2020. OHB System AG, a subsidiary of Bremen-based space and technology group OHB SE (Prime Standard, ISIN DE0005936124) has today been selected by the European Space Agency ESA as the prime contractor for the CO2M mission (CO2 Monitoring Mission in the Copernicus program). This mission includes the Copernicus satellites, which will measure global anthropogenic CO2 emissions and thus play a key role in studying the causes of climate change and monitoring it. OHB System and OHB Italia will also be responsible for the payload on two further missions (CHIME: Copernicus Hyperspectral Imaging Mission for the Environment and CIMR Copernicus Imaging Microwave Radiometer) as subcontractors of Thales Alenia Space. The order volume resulting from today's bid decisions is expected to be more than EUR 800 million. Final contract negotiations will start shortly and contract signings are expected in the coming weeks.
Copernicus is a satellite earth observation program of the European Commission and the European Space Agency ESA. It provides earth observation data for environmental protection, climate monitoring, natural disaster assessment and other social tasks.
In addition, ESA's Industrial Policy Committee (IPC) has approved OHB System's proposal for the HERA asteroid defense mission for final negotiations. Implementation of the HERA mission has already commenced. The contract is expected to be worth around EUR 130 million.
01-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
OHB SE
Manfred-Fuchs-Platz 2-4
28359 Bremen
Germany
Phone:
+49 (0)421 2020 8
Fax:
+49 (0)421 2020 613
E-mail:
ir@ohb.de
Internet:
www.ohb.de
ISIN:
DE0005936124
WKN:
593612
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
OHB SE is a Germany-based company, which focuses on the space technology. The Company operates in two segments: Space Systems, developing and executing space projects, low-orbiting and geostationary small satellites for navigation, research, communications and earth observations including scientific payloads; and Aerospace + Industrial Products, responsible for fabricating aviation and space products as well as other industrial activities. The Company operates through a number of subsidiaries located in Germany, Italy, Luxembourg, Belgium, France, Sweden, the United Kingdom and French Guiana, including OHB Logistic Solutions GmbH, OHB France SAS, OHB Sweden AB, MT Aerospace Guyane SAS and ORBCOMM Deutschland Satellitenkommunikation AG.
OHB SE 
