Massive deal for a small company - Germany's OHB won the contract for the Galileo satellite navigation system
Constanze TressJanuary 8, 2010
European Aerospace giant - EADS - is making headlines this Thursday in connection with two huge projects. Apparently, the troubled A400M military transport plane from Airbus is going to be rescued with much-needed new financing. Ministers from seven nations - including Germany - that have ordered the plane will meet in London next week to discuss a call by EADS for an additional 5 Bbillion euros. Meanwhile EADS has lost out on a major contract for the Galileo satellite navigation system. Germany's OHB was the big winner as the European Commission announced the results of its tenders.