PARIS — Satellite and rocket hardware builder OHB SE reported record quarterly gross profit at its satellite business, even if revenue was only as expected, while its launch-vehicle division continued to suffer from the transition to the new Ariane 6 heavy-lift rocket.

Germany-based OHB delivered its final Ariane 5 launch vehicle chipsets in late 2019 and is now, along with the entire Ariane rocket supply chain, waiting for the commercial market’s judgment of the less-costly Ariane 6.

The new vehicle is expected to . . .

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