Secunet set to receive up to €1.7 billion in German armed forces orders, document shows
Secunet set to receive up to €1.7 billion in German armed forces orders, document shows Sept 23 (Reuters) - Security company Secunet YSNG.DE is set to receive encryption technology orders worth up to €1.7 billion ($1.9 billion) from the German armed forces, a document seen by Reuters on Wednesday showed.
According to the document, the committee is set to give the go-ahead on Wednesday for a framework agreement with the company to modernise the Bundeswehr's communications networks with new encryption technology.
($1 = 0.8763 euros)
(Reporting by Markus Wacket
Editing by Ludwig Burger
Writing by Linda Pasquini)((linda.pasquini@thomsonreuters.com; +48 58 7785261;))
Recent news on Secunet Security Networks AG
See all newsEurope Research Roundup: Bridgepoint Group, Dormakaba Holding, L'Oreal
Brief: Secunet Security Networks Appoints Alexandra Heine As CFO
Germany to upgrade military data encryption for up to €1.7 billion (updated)
Secunet set to receive up to €1.7 billion in German armed forces orders, document shows
Germany's secunet Security Networks H1 revenue rises on public sector growth