OHB stock tumbles as Airbus, Thales win combined $1.8-billion 2nd-generation Galileo satellite contract

by Peter B. de Selding

PARIS — Airbus Defence and Space and Thales Alenia Space each will build six second-generation Galileo navigation satellites for a combined contract value of 1.47 billion euros ($1.8 billion).

The contracts from the European Commission — for an average of 122.5 million per satellite — illustrate the leap in performance planned for the second-generation Galileo.

The detailed breakdown of the Airbus and Thales contracts, and their different design elements, was not immediately available to determine whether each is receiving a 50 . . .

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