DGAP-News: OHB AG: CGS SpA signed contract for satellite mission OPSIS
(firmenpresse) - DGAP-News: OHB AG / Key word(s): Contract
OHB AG: CGS SpA signed contract for satellite mission OPSIS
12.07.2012 / 12:25
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CGS SpA signed contract for satellite mission OPSIS
Milan, July 12, 2012 - CGS SpA Compagnia Generale per lo Spazio, Milan, a
subsidiary of OHB AG (ISIN: DE0005936124, Prime Standard), and the Italian
Space Agency (ASI) signed a contract for Definition Phases A/B1 for the
realization of the OPSIS (OPtical System for Imaging and Surveillance)
satellite and relevant ground segment. The contract has a value of EUR 13.5
million.
OPSIS is a mission of the Italian Space Agency (ASI) whose main goal is to
provide Italy with a spaceborne operative high resolution optical system
for earth observation, by developing and qualifying the relevant necessary
technologies at national level.
The mission will operate together with existing systems currently used by
ASI and Italian Department of Defense, contributing in this way in
developing applications for institutional and research users.
The key features of the system are:
- Dual use mission, compatible with security applications
- High image resolution (resolution better than 1 meter (black/white) and
2 meter (colour)
- High operational flexibility
CGS has been selected as Prime Contractor for this mission and will be
leading and coordinating a consortium of Italian small and medium sized
companies. The launch of the satellite (launch mass 800 kg) is planned in
2016.
With the OPSIS program, CGS will fill a gap in terms of availability of a
strategic state-of-the-art asset for High Resolution Optical imaging for
Italy.
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CGS SpA Compagnia Generale per lo Spazio is a leading company in Italy in
the field of space systems design, development and integration. The company
is part of OHB AG, a European space and technology group that currently
employs over 2,400 people in two business units 'Space Systems' +
'Aerospace and Industrial Products'. Founded in 1981, the Company has its
headquarters in Milan and centers of excellence in Italy.
Contact:
Investor Relations
Michael Vér
Tel.: +49 421 - 2020-727
Fax: +49 421 - 2020-613
E-Mail: michael.ver(at)ohb.de
Lanfranco Zucconi
Tel.: +39 02 380 481
Fax: +39 02 3086 458
E-Mail: cgs(at)cgspace.it
www.cgspace.it
End of Corporate News
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12.07.2012 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,
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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 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir(at)ohb.de
Internet: www.ohb.deISIN: 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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