OHB Sweden Lands Major Deal for Geostationary Small Satellite Propulsion
OHB Sweden Lands Major Deal for Geostationary Small Satellite Propulsion
OHB Sweden Lands Major Deal for Geostationary Small Satellite Propulsion
OHB Sweden has secured a major contract to supply electric propulsion systems for the HummingSat platform. This marks the first commercial small satellite designed for geostationary orbit. The deal comes as the company reports strong financial growth, with revenues and share prices rising sharply.
The contract involves delivering six electric propulsion systems to SWISSto12 for its HummingSat platform. Shipments will start in mid-2026, with one complete system sent every two months. Funding for the project comes from the European Space Agency (ESA), Sweden’s SNSA, and Germany’s DLR through the HummingSat Partnership Project.
OHB Sweden’s financial performance has strengthened in 2025. Revenue for the first nine months reached €863.5 million, a 21% increase compared to the same period last year. The company’s order backlog also grew significantly, surpassing €3 billion for the first time and hitting €3.117 billion—a 47% rise. The ESA recently approved a three-year budget of €22.1 billion, 30% higher than in 2022. Germany remains the largest contributor, committing over €5 billion to the agency’s programmes. Meanwhile, OHB’s stock price has surged, climbing more than 130% since the beginning of the year.
The HummingSat project will advance commercial small satellite technology in geostationary orbit. OHB Sweden’s involvement strengthens its position in the space sector, backed by rising revenues and a growing order backlog. The ESA’s increased budget and Germany’s financial support further reinforce the project’s development.