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Despite the rebound, OHB's stock closed the week 15% lower overall.
OHB's acquisition of the TechniSat site aims to meet growing demand for satellites for both civilian and military applications.
The announcement of the new electronic component plant in Schöneck prompted a nearly 4% rebound in OHB's stock price on Friday.
German satellite manufacturer OHB has committed to purchasing the TechniSat plant in Schöneck.
OHB's share price has since fallen back below the €100 threshold.
OHB's decision to maintain its manufacturing base in Germany is aimed at establishing sovereign, national supply chains for critical satellite components.
OHB's stock price rose from €65.80 to a high of €174.50 in early October, an increase of roughly 165% in less than two weeks.
OHB serves as the prime contractor for many of Germany’s space defence projects.
OHB CEO Marco Fuchs stated that modern space travel requires new production volumes and manufacturing expertise.
OHB plans to utilize the TechniSat facility for the mass production of electronic components for space applications.
OHB was the main contractor for the first wave of Galileo satellites and won contracts to deliver Italy’s iRIDE EO constellation.
It is expected that Airbus-Thales-Leonardo and OHB will likely win at least a portion of future ERS contracts.
Filotico points out that the merger creates both opportunities and challenges for other European players like OHB and GMV.
In June 2023, an OHB System-led consortium, now comprising 38 companies, was awarded a €90 million contract to continue the development of the ODIN’S EYE system.
In July 2021, an initial €7.5 million was awarded to an OHB System-led consortium comprising 34 companies from across Europe.
The OHB System-led consortium was tasked with completing initial studies of the ODIN’S EYE project over 24 months.
OHB, a Bremen-based satellite manufacturer, was founded in 1981 and developed the SAR-Lupe and SARah reconnaissance constellations for Germany's Armed Forces.
Following the announcement of increased defense spending, OHB's shares jumped more than 30%.
GMV is leading a consortium that includes OHB System AG, Alén Space, Beyond Gravity, and Indra for the Celeste mission.
Indra, together with OHB Italia and other industrial partners, has worked to provide a cutting-edge system that will support the Ministry of Defence of Luxembourg in a dual-use mission lasting seven years, extendable by three more years.