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OHB SE: MT Aerospace signs 35 million euro contract with ArianeGroup for the development of the PHOEBUS technology demonstrator

Bremen (pta026/03.11.2022/13:00 UTC+1)

Bremen, 3. November 2022. MT Aerospace AG has signed a contract worth 35 million euros with ArianeGroup GmbH for the further development of demonstrators for CFRP upper stages of European launch vehicles. ArianeGroup with MT Aerospace were awarded the contract by the European Space Agency (ESA) to continue the development of the PHOEBUS (Prototype for a Highly OptimizEd Black Upper Stage) project. With the help of the PHOEBUS technology demonstrator, a lightweight composite upper stage* based on carbon fiber will be developed for the new European launch vehicles. In the PHOEBUS technology development project, MT Aerospace is focusing on complete CFRP solutions: The use of the smart material carbon fiber makes it possible to largely dispense with metallic components of the upper stage tanks and structures. This reduces mass, increases the payload capacity of the launch vehicles, reduces the use of resources and thus decisively improves the competitiveness of future launch vehicles. MT Aerospace and ArianeGroup will test and validate PHOEBUS in two phases until mid-2023 and 2025. The current contract continues MT Aerospace's long-standing and successful collaboration with ArianeGroup. It follows contracts signed in 2019 and 2021.

The 'black upper stage' for the next generation of European launch vehicles will be made of ultra-light composite materials. Carbon fiber technology is leading the way for future space transportation concepts. "MT Aerospace is thus achieving technology leadership in Europe and will develop new products from it. This opens up new and global growth opportunities for the Augsburg site and is an important milestone for our corporate development," explains Ulrich Scheib, MT Aerospace's Chief Programs Officer.

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Emitter: OHB SE
Manfred-Fuchs-Platz 2-4
28359 Bremen
Germany
Contact Person: Investor Relations
Phone: +49 421-2020 7200
E-Mail: ir@ohb.de
Website: www.ohb.de
ISIN(s): DE0005936124 (Share)
Stock Exchange(s): Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate
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