OHB SE is a European multinational technology corporation. Headquartered in Bremen, Germany, the corporation consists of the two business divisions Space Systems and Aerospace + Industrial Products. A key product of the corporation is fully integrated spacecraft. At present OHB is the third largest corporation in Europe's space sector. The company OHB System AG is a major constituent of the OHB corporation. This company was founded in 1958 as a marine systems outfitter. The name OHB originates from this time; the name is an initialism of Otto Hydraulic Bremen. However the activities of the company shifted toward space technology in the 1980s after the couple Christa Fuchs and Manfred Fuchs took over ownership of the company. Organisation OHB is set up as a Societas Europae – a European company. The OHB SE group encompasses subsidiaries across the European Union. Projects The company has been working on numerous German, European and international projects related to small satellites, manned space flight as well as security and reconnaissance technologies. Examples of OHB satellite missions for telecommunication, earth observation and reconnaissance are Small GEO (Hispasat AG1), BREMSAT, SAFIR 1&2, BIRD/RUBIN, ABRIXAS and the first German reconnaissance satellite system, SAR-Lupe. Examples of OHB microgravity facilities are the International Space Station racks Fluid Science Laboratory and European Physiology Modules. Projects OHB demonstrated at the 2006 Berlin Air Show included CONDOR/ARDS, an airborne modular reconnaissance system, and Mona Lisa, a study for planning and implementing a lunar exploration program. On 7 January 2010, the European Commission announced that the contract to build the first 14 operational satellites for the Galileo Global Satellite Navigation System was awarded to OHB System and Surrey Satellite Technology Limited (SSTL). Fourteen satellites will be built at a cost of €566m ($811m; £510m). The first two are expected to be ready in October 2012. In February 2012, an additional order of eight satellites was awarded to OHB Systems for €250M ($327M), after outbidding EADS Astrium tender offer. Thus bringing the total to 22 FOC satellites. In 2014/2015, OHB was in talks with OneWeb as part of a potential joint venture to open a new facility for manufacturing approximately 900 -small Internet-delivery satellites. OHB is just one of five European and US manufacturers competing to build these sub- satellites. In 2018 the ESA NEOSTEL ("Flyeye") telescope was under construction, due for completion in 2019, ready for installation in Sicily in 2020 by the Italian