– The extension of the agreement is a testament to the trust that FMV and the Swedish Armed Forces have in our services and products. We are proud to continue contributing to ensuring the operational reliability and efficiency of the Astor III systems, says Fredrik Bergman, CEO of Oscilion, in the press release.
The agreement, originally entered into in June 2023, is based on a call-off procedure where FMV can order specific services such as service, upgrades, and maintenance of Astor III. The extended agreement allows for call-offs of up to 10 million kronor annually during the two contract years.
– This agreement strengthens our position as a long-term and reliable partner to Sweden's defence sector. We look forward to continuing to deliver high-quality solutions and further developing our aftermarket business through strategic collaborations like this, says Mattias Hjorth, Group CEO of Astor Group.