The German Federal Office for Defense Technology and Procurement and OHB System AG, the affiliate of listed company OHB Teledata AG, on December 17. 2001 signed the contract concerning the SAR-Lupe satellite monitoring system. Worth roughly EUR 300 million, this large-scale project will allow both companies to budget revenues and earnings reliably.
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OHB Teledata AG is systematically continuing its expansion strategy. This high-technology corporation has acquired 51% of megatel GmbH of Bremen. more...
As became apparent in the Kosovo conflict, the German Bundeswehr needs to have its own radar controlled reconnaissance system, if it wants to receive high-resolution images without having to depend on reconnaissance images provided by third parties. more...
The executive board of OHB Teledata AG has decided to repurchase up to 75,000 shares. The authorization for this transaction was given by the general meeting of shareholders on January 23rd. 2001.
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