KWESST Partners With Thales on Army Modernization Deal

KWESST Micro Systems (TSE:KWE) has released an update.

KWESST Micro Systems Inc. has secured a significant sub-contract with Thales Canada, valued at up to CAD $48 million, to provide specialized software services aimed at modernizing the Canadian Army’s C4ISR systems. The company’s engagement in this six-year task-based contract will enhance the Army’s capabilities in command, control, communications, computers, intelligence, surveillance, and reconnaissance. KWESST’s future revenues from this deal will depend on the timing and issuance of task orders as part of the ongoing digital transformation efforts of Canada’s defense infrastructure.

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