Nordic Unmanned Completes Tests for $75M Tender

Nordic Unmanned has completed a week of multitask trials, including flights, payload configurations and training simulation demonstration for a potential customer relating to a tender for the acquisition of tactical unmanned aircraft systems, including sustainment, support and training.

The week of testing is a mandatory evaluation stage of an ongoing tender process.

The tender has a contractual value of DKK 500 million ($75M) with a maximum value of DKK 1 billion ($150M) over a 10-year period. Nordic Unmanned’s chosen supplier for this tender is Textron Systems with its Aerosonde Mk 4.7, and a joint team consisting of Nordic Unmanned and Textron System performed the test according to the test criteria.

The next phase of the tender process will be an invitation to negotiation on the First Indicative Offer (INDO) submitted December 2021.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Source: Press Release

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