While OHB may not end up becoming a household name in the general public, the emoji poster(s) seem(s) to totally underestimate the parent company’s reputation and significance within the aerospace industry sector: OHB SE (the multinational space and technology group that wholly owns OHB Hellas) is actually one of Europe’s leading space tech companies, headquartered in Bremen, Germany, which is not only well-known for the fairy tale
The Town Musicians of Bremen, but also happens to be one of Europe’s hubs for the aeronautics and space industry.
Aeroplane wings, Ariane rockets and Galileo satellites – Bremen is one of the leading locations in the international aerospace industry. Here are five factors behind B
www.wfb-bremen.de
I recommend the Doubting Thomas(es) (and everyone else) to have a look at OHB’s image brochure
their latest corporate report
as well as their website (
https://www.ohb.de/en/corporate/milestones) to see how Christa Fuchs, her late husband Manfred Fuchs and their team “turned the small hydraulics company OHB into a global player in the international space industry.” The initialism OHB originally stood for “Otto Hydraulik Bremen” - in 1991 it was officially renamed “Orbital- und Hydrotechnologie Bremen-System GmbH”.
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They are right up there with Europe’s aerospace giants Airbus Defence & Space (formerly Astrium) and Thales Alenia Space, fiercely bidding to secure contracts for satellites etc (OHB lost out to both Airbus D&S and Thales Alenia Space in securing the contract for the now ongoing construction of the second generation (G2) of Galileo satellites, after they had been the main supplier for the first generation (
https://www.reuters.com/technology/...about-galileo-satellites-contract-2023-04-26/).
At other times, however, they also collaborate with their main competitors (
https://www.ohb.de/en/news/esas-pla...stem-ag-readies-for-integration-of-26-cameras).
In 2018, the Hanseatic city of Bremen even renamed the square in front of the company’s headquarters in honour of Manfred Fuchs (1938-2014), to commemorate the engineer and entrepreneur’s significant contribution to the development of the aerospace industry in Bremen.
Being a household name is not necessarily part of what defines a successful global player. Just think of Arm (especially before the IPO).
We as BRN shareholders should always keep that in mind…
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