Kwesst Micro Systems Inc V.KWE.WT.U

Primary Symbol: V.KWE Alternate Symbol(s): KWE

KWESST Micro Systems Inc develops and commercializes next-generation tactical systems. The company offers breakthrough technology in non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers and electronic detection.

TSXV:KWE - Post by User

Kwesst Micro Systems Inc > Notice of Contract Award for Approximately $20M over 5 yrs

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Post by Betteryear2on May 02, 2023 6:35pm

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Post# 35426295

Notice of Contract Award for Approximately $20M over 5 yrs

Initial contract for five-year term with additional option years
Value to KWESST estimated at $4M per year minimum, $20M over initial five years

Ottawa, Ontario--(Newsfile Corp. - May 2, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") is pleased to announce that it has received notification of contract award under a joint venture with two other defence industry partners, to perform software systems engineering work for the Canadian Department of National Defence ("DND"). The contract component for KWESST is valued at a minimum of $4M annually for a five-year initial contract followed by five, one-year option years. All amounts in Canadian dollars.

KWESST Receives Notice of Contract Award for Approximately $20M over Five Years for Software Systems Development for Canadian Department of National Defence (newsfilecorp.com)

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