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Ovzon AB ( (SE:OVZON) ) has shared an update.
Ovzon has secured a 240 MSEK (approximately 25.2 MUSD) contract with a European NATO country’s defense organization for its full Ovzon 3-based SATCOM solution, including satellite network services for an initial six-month period starting in the first quarter of 2026, mobile satellite terminals and dedicated customer support. Around 60 percent of the order value relates to deliveries of Ovzon’s mobile terminals, to be rolled out progressively during 2026, underscoring rising demand for the company’s high-performance, resilient communications in contested environments and strengthening its order backlog and positioning in the European defense SATCOM market as regional collective defense efforts intensify.
The most recent analyst rating on (SE:OVZON) stock is a Hold with a SEK31.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.
More about Ovzon AB
Ovzon AB is a Sweden-based provider of integrated mobile satellite communications, offering SATCOM-as-a-Service that combines high-throughput satellite networks, compact mobile satellite terminals, gateway services and dedicated support. Its solutions target mission-critical connectivity needs for defense, national security and public safety customers, underpinned by its proprietary geostationary satellite Ovzon 3, which entered commercial service in July 2024; the company is listed on Nasdaq Stockholm Small Cap and operates from offices in Sweden and the United States.
Average Trading Volume: 447,015
Technical Sentiment Signal: Buy
Current Market Cap: SEK3.74B
See more data about OVZON stock on TipRanks’ Stock Analysis page.