Stock Exchange & Press Releases 2024

August 15, 2024

A Consortium Led by Bittium and Lockheed Martin Signed a Framework Agreement on the Development of Tactical Networks’ Cyber Situational Awareness

Bittium Corporation

Press Release

A Consortium Led by Bittium and Lockheed Martin Signed a Framework Agreement on the Development of Tactical Networks’ Cyber Situational Awareness

This is the second agreement signed between the consortium and Lockheed Martin as part of the indirect industrial cooperation for Finland’s F-35 program.

 

Bittium Corporation press release on August 15, 2024, at 1.40 pm (CEST +1)

The members of the research and business consortium led by Bittium Wireless Ltd, a subsidiary of Bittium Corporation, have signed a framework agreement as part of the indirect industrial cooperation program related to the procurement of F-35 fighter jets with manufacturer Lockheed Martin. In the three-year project, the members of the consortium and Lockheed Martin will jointly develop methods and capabilities for cyber situational awareness. The other members of the Bittium-led consortium are VTT Technical Research Centre of Finland Ltd and Huld Oy, which offers technological solutions for the space industry, among other things. The agreement applies to the years 2024–2026 and its total value is approximately USD 3.8 million distributed among the consortium member companies in proportion to the amount of work done.

The goal of the project is to develop cyber capabilities for constantly changing defense and security. One example of this is developing the ability to observe and identify different phenomena, which affects cyber resilience of the tactical network and the creation of situational awareness. The project will be used to develop the survivability of Bittium's Tactical Wireless IP Network™ (TAC WIN) and Bittium Tough SDR™ radios. The Finnish Defence Forces will also benefit from the cooperation, as the performance of the products they use will be improved with the help of new functionalities.

"The new development project continues the successfully started cooperation between the consortium and Lockheed Martin. This development project focusing on cyber security of tactical networks further strengthens the cyber resilience of our tactical communications systems to meet the demanding requirements of the battlefield," says Tommi Kangas, Senior Vice President, Defense & Security Business Segment.

Through indirect industrial cooperation projects, Lockheed Martin builds industry partnerships with indigenous companies, which offer opportunities to develop and promote global cooperation far into the future.

 

Further information:

Tommi Kangas
Senior Vice President, Bittium Defense & Security
Tel. +358 40 344 2789 (group communications)
Email: defense(a)bittium.com

 

Distribution:
Main media

 

Bittium - Defense & Security

Bittium is a trusted Finnish company with over 35 years of experience in advanced radio communication technologies and biosignal processing. For the Defense & Security market, Bittium provides the most modern products and solutions for tactical and secure communications. The products and solutions for tactical communications bring broadband data and voice to all troops across the battlefield. For secure communications, Bittium offers proven mobile devices and cyber security solutions certified up to the CONFIDENTIAL level. Bittium’s net sales in 2023 were EUR 75.2 million and operating loss was EUR -4.3 million. Bittium is listed on the Nasdaq Helsinki Exchange. www.bittium.com