OHB SE Awarded €554 Million Contract for Copernicus Sentinel-3 Next Generation Topography Satellite

OHB SE won an ESA contract worth more than €554 million to develop the next-generation Sentinel-3 topography satellites, with an option for a second satellite. Its subsidiary OHB System AG will lead the project as prime contractor. The mission is intended to improve monitoring of climate change, oceans, coastlines and ice-covered regions using established technologies and new instruments; the article reports no stock-price impact.