Satellite, rocket builder OHB of Germany ‘ecstatic’ about ESA ministerial & likely effect on 2020 orders

by Peter B. de Selding

PARIS — Satellite and rocket-hardware builder OHB SE told investors it expects at least 1.5 billion euros ($1.65 billion) in new orders in 2020, and likely more, in the wake of decisions made by European Space Agency (ESA) governments on program funding in the next three to five years.

Bremen, Germany-based OHB has interests on both the satellite and launch-vehicle side of ESA programs. It is one of Europe’s three main satellite system prime contractors and is also a major component contributor to the . . .

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