DGAP-Adhoc: OHB Technology AG: First subcontract for Meteosat program signed by OHB-System and Thales Alenia Space

OHB Technology AG  / Key word(s): Contract

30.11.2010 10:47

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First subcontract for Meteosat program signed by OHB-System and Thales
Alenia Space

Cannes/Bremen, November 30, 2010 - Following the official launch of the
overall program the week before last, OHB-System AG and the prime
contractorThales Alenia Space have today announced the signature of an
authorization to proceed (ATP) for the Meteosat Third Generation (MTG)
system. This program, which is co-financed by the European Space Agency and
the European meteorological organization EUMETSAT, will guarantee European
access to space-acquired meteorological data until 2037.

The total project volume amounts to around EUR 1.3 billion, of which the
OHB Group is responsible for close to EUR 750 million. The subcontract has
an initial volume of EUR 21 million, covering development activities over
the next six months.

MTG is a six-satellite system of four imaging satellites carrying imaging
and lightning detection mission as well as two sounder satellites providing
infrared and ultraviolet capabilities for both climate and meteorological
applications. The launch of the first MTG imaging satellite is currently
scheduled for 2017, marking the beginning of the in-orbit lifetime of the
imagery mission, followed by the launch of the first MTG sounding satellite
in 2019.

OHB-System is in charge of the sounder mission and will be providing the
two sounder satellites, while its affiliate Kayser-Threde will be supplying
the atmospheric sounder instrument. Furthermore, OHB-System will be
developing the 3-axis stabilized common platform for the further four
imaging satellites.


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






30.11.2010 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
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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 Hamburg, München, Düsseldorf, Berlin, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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