What changed

The deal gives Swarmer a 20% interest in Vectus Air Defense Systems, and the two companies also signed a memorandum of understanding.

Vectus Air Defense Systems said it intends to buy 40 systems in year one and 80 in year two.

Highlights

  • Vectus Air Defense Systems plans to purchase 40 systems in year one and 80 in year two.
  • Swarmer said it took a 20% interest in Vectus Air Defense Systems.
  • Swarmer said it signed an MOU with Vectus Air Defense Systems and has deployed its technology since April 2024.

What else is known

Swarmer said its technology deployment started in April 2024 and that it has supported 100,000 combat missions.

Swarmer also put its system price estimate at between $5,000,000 and $6,000,000, and said it has a manufacturing facility in Poland.