The German $OHB (+16,65%) and French Dassault Aviation want to jointly develop the reusable spacecraft VORTEX-S for the European Space Agency. The two companies have submitted a joint proposal to the ESA.
How is the market reacting to the VORTEX-S news?
The cooperation with Dassault Aviation is seen as strategically important because it could make Europe more independent in terms of space transportation. Investors see this:
- possible long-term major ESA contracts
- Expansion of defense and space expertise
- greater visibility of future sales
- Strengthening of the European space industry
For me, it's time to hold on and add to the stock again at the next setback.
