OHB, the Germany-based space and technology company, says it expects record revenues and profits over the next few years as Europe increases its defence and space-related spending. This year it expects to report a 16.5 per cent increase in revenues, and another 25 per cent expected by 2027. OHB assumes that it will win a […]
Satellite and aerospace business OHB, headquartered in Bremen, Germany, said that anticipated contract awards were slower coming to fruition and had affected its backlog. It cautioned that the slow-down could also affect its full-year results. OHB reported that various clients including the European Space Agency as well as commercial customers had been slow in issuing […]
Germany-based rocket and space technology company OHB, controlled by the Fuchs family, has sold a significant stake in the business to private equity investor KKR. OHB (its name comes from ‘Otto Hydraulic Bremen’) has operating assets throughout Europe and is a well-regarded supplier to German, European and international space-related projects. It helped build the first […]
The European Union wants its own Low Earth orbiting mega-constellation of satellites for its citizens, and separate from the offerings from Elon Musk, OneWeb or Canada’s Lightspeed. The EU invited a consortium of industry suppliers to come up with a fast-track LEO scheme and Dominic Hayes, spectrum manager for the EU’s space programme at the […]
A rocket launched by New Zealand-based Rocket Lab last week, for its clients OHB Sweden and Thales Alenia, has posed a direct collision risk to satellites in the OneWeb constellation. According to Space Intel Report (SIR), OneWeb is demanding that the satellite be removed from its orbital plane. The satellite, GMS-T, is a protype Low […]