OHB: Contract award delays by multiple customers could trim 2023 profit; purchased 20% stake in smallsat builder BST

by Peter B. de Selding

LA PLATA, Maryland — Satellite and rocket hardware builder OHB SE said contract-award delays across its government and commercial customer set have stalled the planned growth of its backlog and may also reduce its profitability for 2023.

Bremen, Germany-based OHB said the 22-nation European Space Agency (ESA), the German Federal government, the Defense Ministry and the railway network operator, Deutsche Bahn, and multiple commercial customers have all been slow in running planned contract competitions, selecting winners and signing contract awards.

“It’s a strange year,” OHB Chief Development Officer Lutz Bertling said . . .

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