Germany to Order Satellites For €2.1 Billion From OHB
- Budget committee set to approve the order on Wednesday
- Procurements part of German push to modernize the Bundeswehr
Circuit boards and cables sit of a satellite at the OHB SE clean rooms in Bremen, Germany.
Photographer: Wolfram Schroll/BloombergThis article is for subscribers only.
Germany plans to buy three satellites for its armed forces from OHB SE in an order worth €2.1 billion ($2.3 billion), according to people familiar with the procurement.
Lawmakers from Chancellor Olaf Scholz’s ruling coalition are expected to approve the purchase during a closed-door meeting of the parliamentary budget committee on Wednesday, said the people, who asked not to be identified because the plans aren’t public.