Ovzon AB Secures Major Contract with FMV

Stockholm, May 30, 2025 — Ovzon AB, a leading communication service provider in the satellite sector, has announced a significant contract with Försvarets Materielverk (FMV), valued at approximately 1 billion SEK. This development marks a pivotal moment for the company, headquartered in Solna, Sweden, and listed on the Swedish Stock Exchange.

The contract, which includes satellite network services, mobile satellite terminals, and customer support, is set to commence in June 2025 and will span 24 months. This order is a substantial expansion and extension of a previous agreement signed on September 6, 2024, highlighting Ovzon’s growing influence in the satellite communications industry.

Key Details of the Contract

• Order Value: Approximately 1.04 billion SEK.
• Components: Includes satellite network services, mobile satellite terminals, and customer support.
• Duration: 24 months, starting in June 2025.
• Terminal Delivery: 220 million SEK allocated for terminals, with one-third delivered immediately and the remainder over time.

Per Norén, CEO of Ovzon, expressed enthusiasm about the contract, stating, “This is Ovzon’s largest order ever – a clear indication that our Swedish technology meets the most critical and operational needs.”

Financial Overview

As of May 26, 2025, Ovzon’s stock closed at 26.6 SEK. The company’s market capitalization stands at approximately 2.94 billion SEK. Over the past year, Ovzon’s stock has seen a high of 31.15 SEK on March 31, 2025, and a low of 9.56 SEK on November 11, 2024.

This contract is expected to bolster Ovzon’s position in the diversified telecommunication services sector, reinforcing its commitment to providing robust satellite communication solutions to clients in both the United States and Sweden. For more information about Ovzon’s offerings, visit their website at www.ovzon.com .