Ovzon is a Swedish space company founded in 2006 that provides mobile satellite communications services, known as SATCOM-as-a-Service, globally. Their services integrate high-throughput satellite networks, mobile satellite terminals, and dedicated customer support to offer high-performance, secure, and resilient connectivity. Ovzon's key offerings include Ovzon Pegasus and Ovzon Orion, enabled by their proprietary Ovzon 3 satellite and On-Board-Processor. The company serves customers with critical communication needs such as Defense, National Security, Public Safety, and Emergency Services, with major customers including the U.S. Department of Defense, Swedish Space Corporation and NATO.
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Ovzon AB reported a fourth-quarter 2025 net profit of 90 MSEK.
Ovzon AB released its year-end report on February 19, 2026.
Ovzon AB reported full-year 2025 EBITDA of over 290 MSEK, up from near break-even in 2024.
Ovzon AB is evaluating additional proprietary satellites as a future growth initiative.
Ovzon AB identified a commercial breakthrough in the European defense sector during fiscal year 2025 and secured major multi-year defense contracts.
Ovzon AB reported that measures in 2025 reduced its net debt and provided flexibility for future growth initiatives.
Earlier in the year, Ovzon received its largest contract to-date from the Swedish Defence Materiel Administration (FMV) for an integrated satcom solution.
Ovzon CEO Per Norén stated that the company enters 2026 with a strong backlog.
Ovzon will provide satcom services to an undisclosed European NATO nation under a new contract announced on December 19 worth 240 million Swedish krona ($25.2 million).
The second Ovzon T7 order from the United States Department of Defense has a value of $400,000.
Ovzon announced two SATCOM-as-a-Service offerings for the Ovzon 3 satellite named Ovzon Pegasus and Ovzon Orion in the second quarter of 2024.
The total order value for Ovzon’s 12-month SATCOM-as-a-Service renewal received from Babcock International amounts to approximately $1,000,000.
Ovzon Pegasus is enabled by the Ovzon 3 satellite and provides a steerable beam service specifically developed for the critical tasks of demanding customers.
Ovzon 3, Ovzon’s proprietary geostationary satellite, was successfully launched from Cape Canaveral, Florida in January 2024.
Ovzon Orion offers resiliency that permits autonomous operation through a direct link between Ovzon 3 and the mobile satellite terminal even if the ground control station is compromised.
The Civil Defense end-customer began using Ovzon’s services in January 2023.
Ovzon received a 12-month order that expands the company’s integrated SATCOM-as-a-Service offering in Europe.
The Ovzon T7 is the first Ovzon mobile satellite terminal designed and produced for operation on the Ovzon 3 satellite’s On-Board-Processor.
Ovzon intends to evaluate expanding its fleet with one or two more geostationary satellites later in 2024.
Ovzon ordered Ovzon 3 from prime contractor Maxar Technologies in 2018.