DGAP-Adhoc: OHB Technology AG: First contract for EDRS signed by OHB-System and Astrium Services

OHB Technology AG  / Key word(s): Contract

13.04.2011 12:37

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First contract for EDRS signed by OHB-System and Astrium Services

Bremen, April 13, 2011 - the prime contractor Astrium Services and
OHB-System AG, a subsidiary of OHB Technology AG (Prime Standard, ISIN:
DE0005936124),  today signed an authorization to proceed (ATP) for the
development and construction of a satellite for the European Data Relay
System (EDRS). Initiated and funded by the European Space Agency ESA as
ARTES-7, this program is to define a new standard in space-based
communications. Based on the Small GEO platform developed by OHB-System,
the satellite is to go into operation in 2016.
 
The first contract entails development work of an initial volume of around
EUR 7.4 million. The total volume for OHB-System will come to around EUR
150 million.

With the launch of the program by ESA, work on setting up a European data
relay satellite system will be commenced, resulting in a constellation of
geostationary satellites, which will receive data from low-orbit satellites
and relay it back to the earth.
 
The decision to go ahead with EDRS under German lead management was made at
the ESA council of ministers conference in Den Haag in 2008. It is now
being implemented under the industrial leadership of Germany with the
support of the German Federal Ministry of Economics and Technology (BMWi)
and the German Aerospace Center (DLR).



Contact:
Investor Relations
Michael Vér
Tel.: +49 421 - 2020-727
Fax: +49 421 - 2020-613
E-Mail: ver@ohb-technology.de


Corporate Communications
Steffen Leuthold
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: leuthold@ohb-technology.de






13.04.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      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
Internet:     www.ohb-technology.de
ISIN:         DE0005936124
WKN:          593612
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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