OHB reported a 45 percent increase in revenue for the three months ending March 31 and a 58 percent increase in pretax profit.
Manfred Fuchs died April 26 in Altenburg, Italy.
Airbus Defence and Space has been selected to build Europe’s next-generation polar-orbiting meteorological satellites after an extended evaluation.
Antonio Tajani laid equal blame for the delays in Europe’s Galileo satellite positioning, navigation and timing project at the feet of ESA and OHB AG.
The one-year contract is valued at $16 million and is all but certain to be followed by full Electra development.
The contract also includes the launch of the satellite aboard a Space Exploration Technologies Corp. (SpaceX) Falcon 9 rocket as part of a longstanding launch reservation Astrium had with SpaceX.
OHB says Galileo’s European government owners want to take the necessary time to validate the performance of the first OHB-built satellites so that production of the 20 remaining spacecraft can be done quickly.
OHB AG of Germany on July 2 said it has signed a $1.1 billion contract with the German defense procurement agency for the three-satellite SARah radar reconnaissance system.
The German parliament is scheduled to meet the week of June 24 to approve a billion-dollar second-generation radar reconnaissance satellite system, with spacecraft to be provided by both of Germany’s satellite prime contractors and launches by SpaceX.
Satellite manufacturer OHB AG on May 27 announced it had signed a final contract for the construction of a data-relay satellite that will use laser communications to speed delivery of European Earth observation data to users.
OHB AG shipped the first of its Galileo navigation satellites to a European center for preflight testing, a milestone that could permit two OHB-built Galileo spacecraft to be ready for launch by September.
The German firm reports a 14 percent increase in revenue and earnings for 2012.
OHB AG on Feb. 15 reaffirmed its forecast that its 2013 revenue will increase by 13 percent over 2012
OHB AG of Germany reported a 17 percent increase in revenue for the nine months ending Sept. 30 as its Galileo satellite navigation contract delivered the expected boost.
NAPLES, Italy — Satellite and rocket-component builder OHB of Germany on Oct. 3 warned that mounting German frustration with France about the future of Europe’s Ariane launch vehicle could undermine Europe’s space program if it is not resolved.
PARIS — Germany’s OHB System will design a satellite to monitor global carbon dioxide and methane concentrations, the two most significant contributors to global warming, under a 20-month study with the European Space Agency (ESA) announced May 24.
