Nordic Unmanned receives first order from Lockheed Martin UK

21 Dec 2022 12:58 CET

21.12.2022 12:58:09 CET | Nordic Unmanned | Additional regulated information
required to be disclosed under the laws of a member state

Nordic Unmanned has received an order worth EUR 1.5 million from Lockheed Martin
UK Ltd. relating to Heimdal sensors and software.

This is the first specific purchase order under the framework contract announced
on December 16. The framework contract covers a period of 10 years, with revenue
effect expected to exceed EUR 5 million in 2023. The revenue effect of the first
purchase order is expected in Q1 2023.

The framework contract covers the production and supply of Heimdal sensors,
maintenance and modifications related to the sensor, and other related work on
the Lockheed Martin Indago 4 drone. More general information will be given about
the contract in the Q4 2022 report.

"We're pleased that the framework contract is so quickly turned into a
revenue-generating purchase order, a further confirmation of the attraction of
the Heimdal sensor for small drones in the defence market and current
time-to-market expectations, " says Knut Roar Wiig, CEO of Nordic Unmanned.

The Heimdal sensor is a dual Electro-Optical/Infra-Red (EO/IR) sensor developed
by Nordic Unmanned's German subsidiary AirRobot.

The announcement of the framework contract and subsequent purchase order comes
after Lockheed Martin UK Ltd. was awarded the Prime Contract for the TIQUILA
drone program by the UK Ministry of Defence.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

ABOUT NORDIC UNMANNED

Nordic Unmanned is a global leader of high-end products and services related to
drones and data capture. Through worldwide operational experience and
industry-leading expertise, Nordic Unmanned supports large governmental and
industrial clients in the adaption of unmanned systems and services.

Founded in 2014, the Group has offices in Sandnes, Molde, Odense (DK), Cranfield
(UK), Hasselt (BE), Arnsberg (GER) and Baltimore (US) and has quickly become one
of the leading providers of unmanned systems and services, with operations
across Europe. Nordic Unmanned has one of the world's most comprehensive permits
to fly beyond visual line of sight (BVLOS), through the EASA approved Light UAS
operator Certificate (LUC). The Group is OEM for the drone products Staaker,
AirRobot and DroneMatrix, and is also world leading in the collection of vessel
emission data. It is ISO 9001-2015 and AS9100 certified for the operation,
maintenance, sale, design, development, and production of unmanned systems and
sensor technology.

For more information visit - https://nordicunmanned.com/

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