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Ovzon Secures 5.7 MUSD Renewal for SATCOM Services

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Ovzon Secures 5.7 MUSD Renewal for SATCOM Services

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An update from Ovzon AB ( (SE:OVZON) ) is now available.

Ovzon AB has secured a 12-month renewal order worth 5.7 million USD from an existing European customer for its SATCOM-as-a-Service, which includes a high-performing satellite network and dedicated customer support. This renewal, matching the initial order value from March 2024, highlights Ovzon’s strategic role in supporting Europe’s defense posture amid geopolitical uncertainties.

More about Ovzon AB

Ovzon offers integrated mobile satellite communications services, known as SATCOM-as-a-Service, to a global clientele. Their services include high throughput satellite networks, mobile satellite terminals, gateway services, and dedicated customer support, catering to sectors such as Defense, National Security, and Public Safety. Ovzon operates from offices in Sweden and the USA and is listed on Nasdaq Stockholm Small Cap.

Average Trading Volume: 584,685

Current Market Cap: SEK2.7B

For detailed information about OVZON stock, go to TipRanks’ Stock Analysis page.

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