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DGAP-Adhoc: OHB SE: European Commission orders a further four Galileo satellites from OHB System AG

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DGAP-Ad-hoc: OHB SE / Key word(s): Contract
OHB SE: European Commission orders a further four Galileo satellites from
OHB System AG

05-Oct-2017 / 20:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

October 5, 2017, Bremen - The European Commission has decided to exercise
one of its contractual options for the European Galileo navigation system
and has therefore ordered a further four satellites from OHB System AG, a
subsidiary of OHB SE (Prime Standard, ISIN: DE0005936124). The European
Commission and ESA have a delegation agreement by which ESA acts as design
and procurement agent on behalf of the EU represented by the European
Commission - Galileo's owner.

This contract has a volume of EUR 157.75 million. Assembly and testing of
the navigation satellites will commence immediately after the completion of
the Batch 3 satellites under the previous order.

Accordingly, OHB System AG has been awarded contracts for a total of 34
Galileo satellites to date. Of these, 14 are already in orbit.

Corporate Communications
Günther Hörbst
Tel.: +49 421 - 2020-9438
Fax: +49 421 - 2020-9898
E-Mail: guenther.hoerbst@ohb.de

05-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir@ohb.de
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News Service

616355 05-Oct-2017 CET/CEST



(END) Dow Jones Newswires

October 05, 2017 14:28 ET ( 18:28 GMT)
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