OHB SE — M&A Activity 2006

Jul 7, 2006

News Details

Corporate | 7 July 2006 09:41

OHB Technology AG: OHB-System awarded contract for the delivery and Launch of six Orbcomm Satellites

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Signing of contract for the replenishment of six of ORBCOMM’s satellites announced Bremen, July 7, 2006. Bremen-based space technology company OHB-System AG, a subsidiary of OHB Technology AG (ISIN: DE0005936124), 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. The contract includes options for the construction of two additional satellite buses. ORBCOMM awarded OHB-System the contract after an international competitive bidding process. OHB-System will be performing integration and function-testing of the satellites in Bremen. They are being constructed in conjunction with the COSMOS Space Systems AG joint venture. Omsk, Russia-based partner Polyot will be supplying the satellite buses and handling the launching procedures. ORBCOMM has contracted with Orbital Sciences Corporation of Dulles, Virginia for the development and production of six communications payloads. In early 2005, OHB-System received a contract for the integration, testing and launching of ORBCOMM’s U.S. Coast Guard concept validation satellite, which is expected to be launched in 2006. In addition to performing the same communications tasks as ORBCOMM’s existing satellites, the new satellites, like the U.S. Coast Guard concept validation satellite, will be able to receive the Automatic Identification System (AIS) signals for global maritime monitoring. “This contract testifies to OHB’s strength in the commercial satellite market,” Marco R. Fuchs said. Jerry Eisenberg noted, “With this contract, we expect to achieve our target of enhancing the long-term availability of our services for our customers.” For further information please contact: OHB Technology AG Michael Vér, Investor Relations Tel.: +49 (0)421 2020-727 E-Mail: ir@ohb-technology.de Internet: http://www.ohb-technology.de (c)DGAP 07.07.2006 ————————————————————————— Language: English Issuer: OHB Technology AG Karl-Ferdinand-Braun-Str. 8 28359 Bremen Deutschland Phone: +49 (0)421 2020 8 Fax: +49 (0)421 2020 613 E-mail: ir@ohb-technology.de WWW: www.ohb-technology.de ISIN: DE0005936124 WKN: 593612 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————