High-flying OHB stock tumbles despite reaffirmation of 2017 revenue, profit goal

by Peter B. de Selding

DARBY, Montana — Satellite and rocket-component manufacturer OHB SE of Germany, which has attracted investors this year with the promise — and recent confirmation — of 804.5 million euros ($918 million) in new orders, on Aug. 10 said it’s targeting new satellite business from the German government.

In a conference call with investors, OHB Chief Executive Marco R. Fuchs said the company is also using its SmallGEO satellite platform, whose first model is operating successfully for fleet operator Hispasat of Spain, to gain traction in the global commercial telecommunications satellite market.

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