OHB reports drop in rocket business, clarifies Ariane 6 contract and teases about a $330M Earth observation constellation

by Peter B. de Selding

PARIS — Satellite and rocket-hardware builder OHB SE reported higher revenue and profit in Q1 2021 despite a 49% decline in revenue in its rocket-component division, which reported a loss.

OHB said its new Digital division performed as well as expected in its first full quarter and would take OHB into satellite services and other areas not normally a focus for the company.

Addressing a May 11 investor call, OHB Chief Executive Marco R. Fuchs said the Aerospace division, whose 70%-owned MT Aerospace

To view the entire article, become a subscriber!

You may also like