DGAP-News: OHB AG: First Galileo FOC satellite assembled at OHB System

DGAP-News: OHB AG: First Galileo FOC satellite assembled at OHB System

ID: 142245

(firmenpresse) - DGAP-News: OHB AG / Key word(s): Miscellaneous
OHB AG: First Galileo FOC satellite assembled at OHB System

03.05.2012 / 13:00

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First Galileo FOC satellite assembled at OHB System

Bremen, May 3rd, 2012 - After the delivery of the first payload by Surrey
Satellite Technology Ltd. (SSTL) in April, the first of a series of 22
Galileo FOC (Full Operational Capability) satellites, developed under
contract with the European Space Agency, has now been assembled and is
being prepared for the testing phase. Having completed the payload
integration into the satellite, OHB sticks to the tight schedule with a
delivery date of the first complete satellite by the end of this year.

At OHB's facilities in Bremen, the first flight satellite is now integrated
with the platform, manufactured by OHB System, the propulsion module
delivered by AMPAC-ISP, Niagara Falls, USA, and the payload delivered by
SSTL, Guildford, UK.

Marco R. Fuchs, CEO of OHB, stated: 'We are very proud to have reached this
important milestone after only 27 months from the programme's kick-off in
January 2010. We are looking forward to finalise the test programme and
then to transfer the satellite to the environmental test campaign.'

The completion of the production island facilities for the series
production of the Galileo FOC satellites takes shape in parallel, while
production of the second flight satellite has already started and the
pre-assembly work on Flight Model number three is ongoing as well.

OHB System is the prime contractor for the construction of 22 satellites
for the Galileo system and is responsible for developing the satellite bus
and for integrating the satellites. SSTL is developing and constructing the
navigation payload and additionally assisting OHB with the final assembly




of the satellites. The satellites undergo final assembly in Bremen.

* The Full Operational Capability phase of the Galileo programme is managed
and fully funded by the European Union. The Commission and the European
Space Agency (ESA) have signed a delegation agreement by which ESA acts as
design and procurement agent on behalf of the Commission. The views
expressed in this Press Release can in no way be taken to reflect the
official opinion of the European Union and/or ESA. 'Galileo' is a trademark
subject to OHIM application number 002742237 by EU and ESA.


Contact:
Investor Relations
Michael Vér
Tel.: +49 421 - 2020-727
Fax: +49 421 - 2020-613
E-Mail: michael.ver(at)ohb.de


Corporate Communications
Steffen Leuthold
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: steffen.leuthold(at)ohb.de


End of Corporate News

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03.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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 AG
Karl-Ferdinand-Braun-Str. 8
28359 BremenGermany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir(at)ohb.de
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


End of News DGAP News-Service
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167954 03.05.2012


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Bereitgestellt von Benutzer: EquityStory
Datum: 03.05.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 142245
Anzahl Zeichen: 5099

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