FMV has terminated a contract of 9.9 million
FMV has terminated W5 Solutions contract for development and production of the Ground Power Unit for helicopter for the Swedish Defence Materiel Administration, FMV. The value of the contract amounted to SEK 9.9 million.
The project has been affected by delay and that is the reason for termination stated by FMV. The loss that W5 Solutions will suffer, and which relates to incurred costs will be charged to earnings in Q4 2021.
For more information, please contact:
Daniel Hopstadius, CEO
Phone: +46 (0) 476 559 85
Email: daniel.hopstadius[at]w5solutions.com
The company is listed on the Nasdaq First North Growth Market. Redeye AB is the company’s Certified Advisor, e-mail: [email protected], phone: +46 (0) 8 121 57 690.
ABOUT W5 SOLUTIONS
W5 Solutions supplies high-technology systems and solutions to Swedish and international defense contractors and government agencies. We are experts in training and simulation, mission systems, communication, integration and power supply. W5 Solutions’ support & services team ensures high reliability through the longevity of the system.
Learn more at www.w5solutions.com.