France and Germany have pledged to jointly develop an early warning system for Europe as both EU countries aim to strengthen defense technology capability.
The German government indicates there may be hope to salvage two OHB-built synthetic aperture radars that never became operational due to technical problems.
The European Space Agency has awarded OHB a €280 million contract to build two satellites for the Harmony Earth observation mission which could launch in 2029.
Private equity investor KKR has finalized its investment in German satellite maker OHB after first announcing its plan to take a stake in the company last year.