Ovzon AB Secures Landmark Deal with FMV

In a significant development for the Swedish satellite communications sector, Ovzon AB has announced a groundbreaking order from Försvarets Materielverk (FMV), valued at approximately 1.04 billion SEK. This deal marks a pivotal moment for the company, underscoring its growing influence and capability 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 technological prowess but also represents the largest order the company has ever secured. Per Norén, CEO of Ovzon, 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 will see 220 million SEK allocated for the delivery of mobile satellite terminals. A third of these terminals will be delivered immediately, with the remainder supplied progressively. Additionally, the contract includes an extension and expansion of a previous agreement signed on September 6, 2024, further solidifying Ovzon’s relationship with FMV.

Market Reaction

The news has sent ripples through 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 2.94 billion SEK, reflecting investor confidence in the company’s future prospects.

Ovzon’s Strategic Position

Based in Solna, Sweden, Ovzon AB operates within the diversified telecommunication services sector, offering a range of services including mobile broadband, telephony, internet, and terminal services. This new contract with FMV not only enhances Ovzon’s portfolio but also reinforces its strategic position in both the United States and Sweden.

As Ovzon continues to expand its footprint in the satellite communications arena, this landmark deal with FMV is a clear indicator of the company’s robust growth trajectory and its ability to meet the demands of critical and operational sectors.