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    NUMND   NO0010907090

NORDIC UNMANNED AS

(NUMND)
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Nordic Unmanned Receives Award Frame Agreement with Norwegian and Swedish Law Enforcement Agencies

10/22/2021 | 12:38am EST

Nordic Unmanned has received notification of award for a framework contract for supply of drones to the Norwegian Police, Swedish Police and Swedish Coast Guard. The scope of the framework contract covers supply of drones for indoor use. Nordic Unmanned expects a revenue of minimum NOK 15 million over the duration of this contract, with the first and delivery expected in First Quarter 2022. The length of the contract is 2 years, with the possibility of a 1+1-year extension, making the total contract duration 4 years. The value of the contract is based on expected procurement volumes as stated in the Invitation to Tender. According to Norwegian public procurement regulations there is a 10-day grace period before signature. First framework agreement with Norwegian and Swedish Police * First supply of drones for indoor use * First sale of drones in Sweden.


ę S&P Capital IQ 2021
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Financials
Sales 2020 65,3 M 7,42 M 7,42 M
Net income 2020 2,47 M 0,28 M 0,28 M
Net cash 2020 27,9 M 3,17 M 3,17 M
P/E ratio 2020 256x
Yield 2020 -
Capitalization 807 M 91,6 M 91,6 M
EV / Sales 2019 -
EV / Sales 2020 9,28x
Nbr of Employees 122
Free-Float -
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Managers and Directors
Knut Roar Wiig Chief Executive Officer
Trond ěsterhus Chief Financial Officer
Nils Johan Holte Chairman
Steffan Lindso Chief Technology Officer
Lars A. Landsnes Chief Operating Officer
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