OHB confirms won Galileo satellite contract from EU
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OHB confirms won Galileo satellite contract from EU

www.reuters.com   | 02.02.2012.

FRANKFURT (Reuters) - 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.
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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.

($1 = 0.7577 euros)

(Reporting by Maria Sheahan)


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