Brief: Bittium Subsidiary Bittium Wireless, Finnish Defense Forces Prepare Framework Agreement

Bittium Oyj

27/10/2023 13:08

Oct 27 (Reuters) - Bittium Oyj  BITTI.HE :
    * BITTIUM WIRELESS LTD, SUBSIDIARY OF BITTIUM CORPORATION,
AND
FINNISH DEFENSE FORCES PREPARE FRAMEWORK AGREEMENT ON TACTICAL
COMMUNICATIONS PRODUCTS
    * FRAMEWORK AGREEMENT WOULD CONCERN YEARS 2023-2028 AND
PRODUCTS
WOULD BE IN USE IN ALL THREE SERVICE BRANCHES OF DEFENSE FORCES
    * PROCUREMENT AUTHORIZATION FOR FRAMEWORK AGREEMENT WOULD
HAVE A
MAXIMUM VALUE OF EUR 51.6 MILLION (EXCLUDING VAT)
    * FRAMEWORK AGREEMENT WILL NOT CHANGE BITTIUM'S FINANCIAL
OUTLOOK
FOR YEAR 2023 (UPDATED ON SEPTEMBER 15, 2023)
    * BASED ON FRAMEWORK AGREEMENT, FINNISH DEFENSE FORCES WOULD
ISSUE
SEPARATE PURCHASE ORDERS IN SEVERAL BATCHES DURING VALIDITY
PERIOD OF AGREEMENT

Source text for Eikon:  ID:nWkr8WhWND 
Further company coverage:  BITTI.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))