OHB confirms won Galileo satellite contract from EU
Germany`s OHB AG confirmed it won a 250 million euro contract to build eight satellites for the EU`s Galileo navigation system.
Frankfurt: Germany`s OHB AG confirmed it won a 250 million euro ($330 million) contract to build eight satellites for the European Union`s Galileo navigation system.
OHB`s aerospace engineering unit "OHB System is the prime contractor for the construction of what is now a total of 22 satellites for the system," OHB said in a statement on Thursday.
EU officials with knowledge of the decision told Reuters on Wednesday that the EU would award OHB the contract.
The German company beat off competition from a consortium led by EADS Astrium to secure the contract. OHB also secured the last tender in 2010, when it won an order to make the first 14 satellites for Galileo.