OHB Forecasts Continued Revenue Growth for 2011
PARIS — Satellite and rocket-component builder OHB Technology of Germany on Feb. 10 said it expects to report a 43 percent increase in revenue for 2010 compared with 2009 and that 2011 is likely to see a further increase of 30 percent.
Bremen-based OHB said that when its final 2010 figures are reported in March, they likely will show a pretax profit of 22 million euros ($30 million) on revenue of 460 million euros. For 2011, it said, revenue will increase to more than 600 million euros, with pretax profit of more than 27 million euros.
The 2011 figure will include some 60 million euros contributed by OHB’s just-purchased Aerotech Peissenberg, a maker of precision components for aircraft engines and industrial gas turbines. The purchase was announced Feb. 10.
Under a prime contract valued at 566 million euros, OHB is building 14 satellites for Europe’s Galileo positioning, navigation and timing constellation. The satellites are expected to be launched starting in 2012.
OHB also has a major role, under prime contractor building Europe’s six-satellite next-generation meteorological satellite system, called Meteosat Third Generation.of France and Italy, in
OHB’s MT Aerospace, which makes components for Europe’s Ariane 5 rocket, is likely to increase its role in Ariane 5 if, as is expected, a new, restartable upper stage for the vehicle is approved by European governments in 2012.