Ovzon receives renewal from European customer of US$5.7M

Ovzon has received a 12-month order for renewal of services from an existing European customer. The order is for Ovzon’s SATCOM-as-a-Service including an exclusive high-performing satellite network and Ovzon’s dedicated customer support. The order value amounts to US$5.7M and the renewed agreement ensures uninterrupted continuation of service.

The renewal refers to the initial order of US$9.7M that Ovzon received in March 2024, which also included mobile satellite terminals. This renewal for services is at the same level as the initial order. Any additional mobile satellite terminals will be procured by the customer under a separate purchase order.

”We are honored to continue to serve this highly valued customer at such an important time of geopolitical uncertainty. This is yet another example of how Ovzon’s unique satellite communication solutions already play a vital role, both in strategic planning and operational execution, in Europe’s efforts to strengthen its collective defense posture,” says Per Norén, CEO of Ovzon.