Nordic Unmanned ASA

Regulatory Filings • Dec 16, 2022

Nordic Unmanned receives a 10-year framework contract from Lockheed Martin UK Ltd.

Nordic Unmanned receives a 10-year framework contract from Lockheed Martin UK Ltd.

16.12.2022 07:30:00 CET | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Nordic Unmanned UK Ltd announces today that it has received an award for a large

quantity of Heimdal sensors and software from its partner and customer, Lockheed

Martin UK Ltd. The announcement comes after Lockheed Martin UK Ltd. was awarded

the Prime Contract for the TIQUILA drone programme by the UK Ministry of

Defence.

The 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. The contract period is 10 years, with revenue effect

expected to exceed EUR 5 million in 2023. Initial contract call-off is expected

later this quarter. The contract work will primarily be delivered by Nordic

Unmanned's subsidiary, AirRobot GmbH & Co. KG. The contract is expected to more

than double AirRobot's revenue for 2023 and will make a significant contribution

to the backlog of Nordic Unmanned.

"This contract confirms that AirRobot Heimdal is a leading sensor for small

drones in the defence market, and we are pleased that Lockheed Martin has made

it a preferred solution for its clients. This contract confirms the proven

technical capabilities of the Heimdal sensor system, as it is selected and

integrated into a second major defence programme this year," says Knut Roar

Wiig.

The Heimdal sensor is a dual Electro-Optical/Infra-Red (EO/IR) sensor, initially

developed for AirRobot's AR-100 drone system sensor, is designed and produced in

Germany. It is already integrated with the Lockheed Martin Indago 3 system and

will, as a result of this award, be fully integrated into the next-generation

Indago 4 drone system.

The Heimdal sensor offers real-time EO/IR fused video images in full HD, which

allows the user to effortlessly identify points of interest in challenging

terrains and conditions. In addition, the system offers an innovative

proprietary temperature-based search mode that clearly displays points of

interest in the user-defined temperature range. The system also includes a Laser

Range Finder and illuminator.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Knut Roar Wiig, CEO, +47 92 66 66 59, krw@nordicunmanned.com

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/