German satellite maker OHB wins $1.2 bln contract for 18 satellites in EU network
German satellite maker OHB wins $1.2 bln contract for 18 satellites in EU network BERLIN, Aug 31 (Reuters) - German satellite maker OHB OHBG.DE said on Monday it had signed a contract worth nearly €1 billion ($1.17 billion) with European satellite operator SES to develop and produce 18 medium-Earth-orbit satellite platforms.
The satellites will form a core part of the IRIS network, Europe's planned multi-orbit communications constellation designed to provide secure and resilient satellite services, it added.
(Writing by Miranda Murray, Editing by Friederike Heine)
Recent news on OHB SE
See all newsBrief: OHB Awarded ESA Awards Feasibility & Design Studies For Lunar Infrastructure
Brief: OHB SE - Sweden And Saab Sign Memorandum Of Understanding To Deepen Cooperation
Brief: Leonardo Wins Contract From ESA To Define Future EU Earth Observation Governmental Service
European shares log weekly losses on inflation worries; Volkswagen jumps (updated)
European shares dip ahead of US jobs data; Volkswagen jumps