OHB: Ariane 6 business may have hit bottom; rebound possible with latest political agreement on price supports

by Peter B. de Selding

CUNCY-LES-VARZY, France — Satellite and rocket hardware builder OHB SE told investors that its long-struggling Ariane rocket business may now have hit bottom with an emerging government-industry agreement on price supports for the Ariane 6 heavy-lift vehicle.

The agreement, expected to be confirmed this month by the 22-nation European Space Agency (ESA), includes many tradeoffs that were needed to persuade the German government that Ariane 6, to debut in mid-2022, will need financial support for the foreseeable future.

The . . .

To view the entire article, become a subscriber!

You may also like