OHB SE Receives Positive Outlook Amid Military Space Developments

NuWays AG has issued a "BUY" recommendation for OHB SE, with a target price of EUR 260 over the next 12 months. This positive outlook is driven by OHB's potential collaboration with Rheinmetall on a Bundeswehr project similar to SpaceX’s Starlink. This project, "SATCOMBw Stufe 4," involves over 100 satellites and is valued between €8-10 billion.

OHB's strategic advantage lies in its integration capability, combining space hardware and secure ground-based systems. Collaborating with Rheinmetall could help capture a significant portion of Germany's space defense investments. This positions OHB favorably compared to its peers, with its sales multiple notably lower than the industry average.

Future developments, such as Rocket Factory Augsburg's anticipated launch in 2026, are expected to support OHB's growth, projecting a 30% EPS CAGR into 2030.