Nordic Unmanned received the signed EMSA /OP/5/2022 contract for services providing multipurpose maritime surveillance, with a contract value of up to EUR 20.5 million. Nordic Unmanned will utilise its current crew and part of its current drone fleet to serve this contract. Some specific additions and upgrades of payloads and drones will be required to deliver operations under this framework contract.

Upgrades and additions to the fleet are expected to start from Third Quarter 2023. The first call-off under the framework contract is expected in First Quarter 2023, with financial effect from First Quarter 2023. However, the main activity is expected to be ramped up gradually during 2023, with full potential contract deliveries from 2024.

The utilisation of the framework contract is contingent on call-offs from the client during the lifetime of the contract, the same contract structure as the current contracts Nordic Unmanned holds with EMSA.