Ovzon AB Secures Landmark Deal with FMV

In a significant development for the Swedish satellite communications sector, Ovzon AB, a leading provider of diversified telecommunication services, has announced a groundbreaking agreement with Försvarets Materielverk (FMV). This deal, valued at approximately 1 billion SEK, marks a pivotal moment for the company, underscoring its growing influence and technological prowess in the satellite communications industry.

A Milestone for Ovzon

The order, which includes satellite network services, mobile satellite terminals, and customer support, is set to commence in June 2025 and will span 24 months. This contract is not only a testament to Ovzon’s capabilities but also represents the largest order in the company’s history. CEO Per Norén expressed his enthusiasm, stating, “This is Ovzon’s largest order ever – a clear indication that our Swedish technology meets the most critical and operational needs.”

Details of the Agreement

The comprehensive SATCOM solution provided by Ovzon under this contract includes a significant investment in mobile satellite terminals, amounting to 220 million SEK. A third of these terminals will be delivered immediately, with the remainder supplied progressively. Additionally, the contract encompasses an extension and expansion of a previous agreement signed on September 6, 2024, further solidifying Ovzon’s relationship with FMV.

Market Reaction

The news of this substantial order has positively impacted Ovzon’s stock performance. 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, reflecting investor confidence in Ovzon’s strategic direction and operational capabilities.

Ovzon’s Strategic Position

Based in Solna, Sweden, Ovzon AB operates primarily in the satellite sector, offering a range of services including mobile broadband, telephony, internet, and terminal services to clients in both the United States and Sweden. This latest contract with FMV not only enhances Ovzon’s market position but also demonstrates the company’s ability to deliver high-quality, reliable solutions to meet the demanding needs of its clients.

As Ovzon continues to expand its footprint in the global telecommunications landscape, this landmark deal with FMV is a clear indicator of the company’s commitment to innovation and excellence in satellite communications. For more information about Ovzon’s offerings, visit their website at www.ovzon.com .