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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  ABB Ltd    ABBN   CH0012221716

ABB LTD

(ABBN)
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ABB : Wins Contract With NASA to Enable Exoplanet Research

11/25/2020 | 05:44am EST

By Joshua Stein

ABB Ltd. said Wednesday that it has been awarded a two-year contract from NASA to enable the U.S. governmental agency to take spaceborne photos of planets outside the solar system for the first time.

The Swiss engineering company said it will provide NASA with electronic cores for high-sensitivity cameras, which it has produced in partnership with Canadian imaging technologies company Nuvu Cameras Inc.

ABB said the cores will travel to space on the Nancy Grace Roman Space Telescope in 2025.

"The Roman mission is a $3.2 billion project which should be 100 to 1,000 times more powerful for imaging exoplanets than what is achieved on the ground today," said Marc Corriveau, General Manager at ABB Measurement & Analytics Canada.

ABB didn't disclose the financial terms of the contract.

Write to Joshua Stein at joshua.stein@wsj.com

(END) Dow Jones Newswires

11-25-20 0543ET

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Financials (USD)
Sales 2020 25 888 M - -
Net income 2020 5 482 M - -
Net Debt 2020 1 707 M - -
P/E ratio 2020 11,4x
Yield 2020 2,81%
Capitalization 61 596 M 61 632 M -
EV / Sales 2020 2,45x
EV / Sales 2021 2,33x
Nbr of Employees 110 000
Free-Float 84,2%
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Technical analysis trends ABB LTD
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 27,90 $
Last Close Price 29,92 $
Spread / Highest target 23,8%
Spread / Average Target -6,76%
Spread / Lowest Target -29,4%
EPS Revisions
Managers and Directors
NameTitle
Björn Klas Otto Rosengren Chief Executive Officer
Peter R. Voser Chairman
Timo J. Ihamuotila Chief Financial Officer
Jacob Wallenberg Vice Chairman
Matti Juhani Alahuhta Independent Non-Executive Director
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