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Clavister awarded SEK 170 million contract by BAE Systems Hägglunds to supply Cyber ​​Armor for the CV90 platform

Clavister, the leader in European cyber security for mission-critical applications, announced today that it has been awarded a contract worth SEK 170 million to supply BAE Systems Hägglund's Clavister Cyber ​​Armor system for its CV90platform, for two European end customers.

With the new contract, which was announced as being in the negotiation phase on 15 September 2023, BAE Systems Hägglunds procures Clavister Cyber ​​Armor, an integrated defense cyber security system, for the CV90 platform, to be used in deployments at two European end customers. The value of the contract is SEK 170 million and will be implemented over five years after prototype– and first-of-type deliveries will take place in 2024.

BAE Systems Hägglunds, part of BAE Systems – Europe's largest and the world's third largest defense contractor – designs and manufactures CV90, a family of infantry fighting vehicles (IFVs) ranked as the most successful IFVs:ers in Europe, with several recent major contract wins. The latest version of CV90 is a highly digitized platform, where advanced cyber protection is a significant capability to protect the vehicle and its crew from sophisticated cyber attacks and ensure continued operations on the battlefield.

Clavister Cyber Armor system for its CV90 platform

The new contract between Clavister and BAE Systems Hägglunds consists of the development of an extended and upgraded product, series deliveries of that product and professional services to support BAE Systems Hägglunds with design, integration and validation of the solution.

The upgraded product is a powerful military-grade security gateway designed to be an integral part of electronic and the communication architecture in highly digitized defense platforms. Compared to existing products in the Cyber ​​​​Armour product family, the new product offers more connectivity options, better serviceability in the field, and a higher performance-to-cost ratio. The development of the new Cyber ​​​​Armour product has recently begun and will be ready for deliveries in 2024. Serial deliveries of the product will start in 2025 and continue for a period of five years.

BAE Systems Hägglunds AB CV90

John Vestberg, CEO of Clavister: “We are delighted to complete this major milestone in our long relationship with BAE Systems Hägglund's. The CV90 is an incredibly powerful vehicle that proves its superiority time and time again. We are proud to be part of this success journey and excited to see the market continue to evolve with more and more nations adopting a modern cyber defense strategy”.

About Clavister

Clavister is a specialist Swedish cyber security company that has been protecting customers with mission-critical applications for more than two decades. Founded and headquartered in Örnsköldsvik, Sweden, Clavister pioneered one of the first firewalls and continues to build robust and adaptable cybersecurity solutions ever since. By strengthening a growing ecosystem of partners and resellers, we serve customers in more than 100 countries with implementations in the public sector, energy, telecom- and the defense sectors.

The share, Clavister Holding AB, is listed on the Nasdaq First North Growth Market. FNCA Sweden AB is the Company's Certified Advisor.

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