Inside Information: A Consortium Led by Bittium Wireless Ltd, a subsidiary of Bittium Corporation, and Lockheed Martin Have Signed a Frame Agreement to Develop Tactical Networks’ Situational Awareness

Bittium Corporation
Inside Information

Inside Information: A Consortium Led by Bittium Wireless Ltd, a subsidiary of Bittium Corporation, and Lockheed Martin Have Signed a Frame Agreement to Develop Tactical Networks’ Situational Awareness

The framework agreement has been signed as part of the indirect industrial cooperation for Finland's F-35 program

Bittium Corporation, Stock Exchange Release, February 26, 2024, at 10:00 pm (CET+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 related to the procurement of F-35 fighter jets with Lockheed Martin. In the three-year-project, the members of the consortium and Lockheed Martin will jointly develop methods and capabilities for spectrum usage, which improves the ability to form a tactical situational picture. The other members of the consortium led by Bittium are the technology research center VTT Oy, and Huld Oy, which offers technological solutions for the space industry, among other things. The framework agreement applies to the years 2024–2026 and its total value is approximately USD 3.7 million distributed among the consortium member companies in proportion to the amount of work done.

The goal of the project is to develop data transfer capabilities on the battlefield in different conditions. One example of this is developing the ability to observe and identify different phenomena, which affects spectrum management and the creation of situational awareness. The project will be used to develop the combat resistance 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 start of cooperation with Lockheed Martin is an important step for Bittium, offering us the opportunity to develop our already strong expertise in tactical communications in cooperation with key players in the international defense market. The development project further strengthens the data transfer capacity of our tactical communication systems in demanding combat situations. The responsibility of leading this consortium has a significant role in our Defense & Security Business Segment’s internationalization strategy, offering a good starting point for other possible cooperation projects in the future as well," 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.
 

Oulu, Finland, February 26, 2024
Bittium Corporation
CEO
Johan Westermarck

Further information:

Tommi Kangas
Senior Vice President, Defense & Security
Tel. +358 40 344 2789 (group communications)

Distribution

Nasdaq Helsinki Oy
Main media
 

Bittium

Bittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its over 35-year legacy of expertise in advanced radio communication technologies. Bittium provides innovative products and services, customized solutions based on its product platforms and R&D services. Complementing its communications and connectivity solutions, Bittium offers proven information security solutions for mobile devices and portable computers. Bittium also provides healthcare technology products and services for biosignal measuring in the areas of cardiology and neurophysiology. Net sales in 2023 were EUR 75.2 million and operating loss was EUR -4.3 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com