OHB Revenue and Profit up Sharply on Government Satellite Work

摘要

Satellite and rocket-component builder OHB AG on May 14 reported a 45 percent increase in revenue for the three months ending March 31 and a 58 percent increase in pretax profit. Bremen, Germany-based OHB said the quarter was helped by continued revenue from Europe's Galileo satellite positioning, navigation and timing system, for which OHB is building 22 satellites, and from early work on the second-generation German radar reconnaissance system. Also contributing to the revenue was OHB's work on Europe's next generation of geostationary-orbiting meteorological satellites, Meteosat Third Generation, being built for European governments with Thales Alenia Space of France and Italy. In a conference call with investors, OHB Chief Executive Marco R. Fuchs said the debate in Europe about the exact design of a future Ariane 6 rocket - which was supposed to have ended with a November 2012 decision by European ministers - is very much alive and will not be settled until a Dec. 3 conference in Luxembourg of European space ministers.