- KWESST (KWE) has signed an agreement with a global defence contractor to digitize Canadian land forces
- The one-year agreement includes up to C$1M in orders for an initial prototype system and options for a three-year extension
- The company’s prototype system will connect soldiers with information from various sources in real time, including the location of friendly forces and adversaries
- It plans to deliver orders over the course of 2022
- KWESST Micro Systems develops tactical systems for security forces and personal defence
- KWESST (KWE) is up by 1.70 per cent and is currently trading at $1.79 per share
KWESST (KWE) has signed an agreement with a global defence contractor to digitize Canadian land forces.
The one-year agreement includes up to C$1M in orders for an initial prototype system and options for a three-year extension.
The company’s prototype system will connect soldiers with information from various sources in real time, including the location of friendly forces and adversaries, with the goal of facilitating more effective fire.
This development work falls under Canada’s Joint Fires Modernization Project and Strong, Secure, Engaged: Canada’s Defence Policy.
Joint fire involves the coordination and employment of land, air and naval weapons to achieve the required effects on ground targets.
KWESST plans to deliver orders over the course of 2022.
“This capability is similar to the kind of solution we provided to a key U.S. military customer under a contract now in the final stage of delivery,” said Jeff MacLeod, KWESST’s President and CEO. “Situational awareness information like this, provided in real time, keeps soldiers safer and makes them operationally more effective, two key goals of future soldier programs throughout NATO.”
KWESST Micro Systems develops tactical systems for security forces and personal defence.
KWESST (KWE) is up by 1.70 per cent and is currently trading at $1.79 per share as of 9:30 am EST.
