Ovzon AB Secures Landmark 1 Billion SEK Contract with FMV

In a significant development for the Swedish satellite communications sector, Ovzon AB has announced a groundbreaking contract with Försvarets Materielverk (FMV), valued at approximately 1 billion SEK. This deal underscores Ovzon’s growing influence and capability in providing critical communication solutions.

The contract, which was revealed through multiple press releases on May 30, 2025, involves Ovzon’s comprehensive SATCOM solution, including satellite network services, mobile satellite terminals, and customer support. The service is set to commence in June 2025 and will span 24 months, marking a pivotal expansion of Ovzon’s operations.

Key Details of the Contract

  • Order Value: The contract is valued at around 1.04 billion SEK, with 220 million SEK allocated for the provision of mobile satellite terminals. A third of these terminals will be delivered immediately, with the remainder supplied progressively.
  • Service Scope: The agreement includes both an extension and expansion of a previous contract signed on September 6, 2024, highlighting Ovzon’s ongoing relationship with FMV.
  • Operational Impact: This order is described as Ovzon’s largest to date, reflecting the company’s ability to meet the most demanding operational needs with its Swedish technology.

Market Reaction and Outlook

The news has been well-received in the financial markets, with Ovzon’s stock experiencing a surge on the Swedish Stock Exchange. As of May 26, 2025, the company’s close price was 26.6 SEK, with a 52-week high of 31.15 SEK and a low of 9.56 SEK. The market capitalization stands at approximately 2.94 billion SEK.

This contract not only solidifies Ovzon’s position in the diversified telecommunication services sector but also signals confidence in its technological offerings. CEO Per Norén emphasized the significance of this order, stating, “This is Ovzon’s largest order ever – a clear indication that our Swedish technology meets the most critical and operational needs.”

As Ovzon continues to expand its footprint in both the United States and Sweden, this contract with FMV is expected to bolster its market presence and drive future growth. Investors and industry observers will be keenly watching how Ovzon leverages this opportunity to enhance its service offerings and maintain its competitive edge in the satellite communications market.