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    NUMND — Nordic Unmanned ASA News Story

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    Brief: Nordic Unmanned Secures Project Financing For AirRobot's MIKADO Contract

    Picture of Nordic Unmanned ASA logoNordic Unmanned ASA
    07/09/2022 11:22
    Sept 7 (Reuters) - Nordic Unmanned ASA  NUMND.OL :
    * SECURES EUR 3.5 MILLION IN PROJECT FINANCING FOR AIRROBOT'S MIKADO CONTRACT
    * SUBSIDIARY AIRROBOT GMBH & CO. KG HAS SECURED A CREDIT FACILITY OF EUR 3.5 MILLION AS
PROJECT
FINANCING FOR MIKADO CONTRACT TO SUPPLY BUNDESWEHR (GERMAN ARMED FORCES)
    * CREDIT FACILITY HAS A POSITIVE LIQUIDITY EFFECT FOR NORDIC UNMANNED GROUP FOLLOWING
SIGNIFICANT
CASH OUTLAYS RELATED TO PROCUREMENT OF PARTS AND DEVELOPMENT IN PROJECT
    * PROJECT IS MOVING FORWARD ACCORDING TO PLAN AND FIRST MAJOR REVENUE EFFECT OF CONTRACT
WILL
START IN Q3 2022

Source text for Eikon:  ID:nObivlgjva 
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