DGAP-News: OHB AG: Contract signed by OHB System and DLR Space Administration for the definition phase of the 'Heinrich Hertz' satellite mission valued at around EUR 11 mio.
(firmenpresse) - DGAP-News: OHB AG / Key word(s): Incoming Orders
OHB AG: Contract signed by OHB System and DLR Space Administration for
the definition phase of the 'Heinrich Hertz' satellite mission valued
at around EUR 11 mio.
10.05.2012 / 14:11
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Contract signed by OHB System and DLR Space Administration for the
definition phase of the 'Heinrich Hertz' satellite mission valued at around
EUR 11 mio.
Bremen, May 10, 2012 - Yesterday afternoon, OHB System AG, a member of the
European space and technology group OHB AG (Prime Standard, ISIN:
DE0005936124), was awarded a contract by the Space Administration of the
German Aerospace Center (DLR) for system leadership of a national
telecommunications satellite known as 'Heinrich Hertz' and the development
of the necessary satellite. The contract that has now been signed is valued
at around EUR 11 million and provides for work to be performed on the
predefinition of all mission elements. The 15-month contract starts today.
The results of this definition phase will be used as a basis for the ensuing
construction and testing of the satellite, for which a separate contract
will be awarded and which is to go into orbital operation in 2016.
'Heinrich Hertz' will be used to test new types of satellite communications
technology under real conditions and to safeguard national system competence
in geostationary communications satellites. Named in honor of an important
German physicist, the satellite is to demonstrate German skills in real
conditions with respect to both platforms for geostationary satellites and
payloads.
Said Frank Negretti, a member of OHB System AG Management Board: 'Heinrich
Hertz will be making a material contribution to the continued development of
space technology for communications satellites by German companies, research
institutions and universities. Only tests performed under real conditions to
determine compatibility with radiation in space or extreme changes in
temperatures allow devices to be enhanced and new services to be tested
comprehensively and efficiently.'
The mission offers universities, research institutions and industry a
platform for conducting numerous scientific/technical experiments. The
selection of the German SmallGEO satellite will simultaneously support the
goal systematically being pursued by Germany and the European Space Agency
ESA in the ARTES 11 program of building up system skills in this area in
Europe and extending German capabilities in the area of satellites and
telecommunications payloads.
In addition to the scientific/technical part of the mission, which will be
managed by DLR Space Administration, 'Heinrich Hertz' offers additional and
independent payload capacity which is to be used by the German Federal
Ministry of Defense for communications purposes. To this end, a contract
governing the coordination of the parts of the missions to be used by the
German Federal Ministry of Defense by DLR was signed in 2011.
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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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.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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