What Ovzon does

Ovzon AB (publ) is a Swedish public company (Nasdaq Stockholm Mid Cap: OVZON, founded 2006) headquartered in Solna that provides integrated mobile satellite communications services (SATCOM-as-a-Service) to defense, national security, and public safety customers globally. The company's product stack rests on a single proprietary geostationary communications satellite, Ovzon 3, launched January 3, 2024 with commercial service commencing July 5, 2024, paired with the proprietary Ovzon On-Board-Processor that enables frequency hopping, below-the-noise-floor signaling, and teleport-independent operation. Ovzon's offerings combine satellite capacity, mobile satellite terminals, and gateway services plus 24/7 NOC monitoring from Tampa, FL, sold as five service tiers (Ovzon Orion, Pegasus, Hero, Go, Plus) and a terminal line-up spanning On-The-Pause (T6, T7) and On-The-Move (T8, P20, P30) form factors.

The commercial model is a hybrid of recurring subscription-based SATCOM-as-a-Service contracts and discrete hardware sales of proprietary terminals, distributed primarily through direct enterprise sales to defense ministries and public safety agencies, augmented by channel partnerships (Babcock International for UK MoD, Swedish Space Corporation for select missions). Geographically, services cover the US, LATAM, Asia, Europe, Africa, the Middle East and Western Asia-Pacific, with gateways located in Europe and Africa. The customer base is heavily weighted toward NATO-aligned government customers including the US Department of Defense (158 MSEK 12-month agreement that expired February 2026 plus a reestablished 12 MSEK T7 order), the Swedish Defense Materiel Administration (supplementary 58 MSEK terminal order), a European NATO customer (240 MSEK agreement), French GIGN (first Ovzon 3 customer), UK MoD via Babcock, Italian Border Police, and the Swedish Space Corporation (135 MSEK integrated order).

Revenue scaled from 334 MSEK in FY2024 to 735 MSEK in FY2025 (120% YoY growth) with EBITDA swinging positive to 291 MSEK for FY2025 versus near break-even in FY2024; Q1 2026 revenue of 260 MSEK (vs 90 MSEK Q1 2025) and EBITDA of 120 MSEK underscore the post-launch ramp. The order book stood at 806 MSEK in Q1 2026 with LTM order intake of 1,473 MSEK, providing multi-year revenue visibility. As of the April 2026 AGM, leadership comprises CEO Per Norén, CFO André Löfgren, COO Tom Hopkins, CCO Jeanette Irekvist, and CTO Martin Eriksson (appointed January 2026), with Regina Donato Dahlström chairing the board and recently augmented by Recorded Future co-founder Christopher Ahlberg and defense-security specialist Harri Larsson.

Name

Ovzon

Legal name

Ovzon AB (publ)

Website

https://ovzon.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Ovzon provides integrated mobile satellite communications (SATCOM-as-a-Service) and proprietary mobile terminals to defense, national security, and public safety customers across Europe, the Americas, and Africa, leveraging its Ovzon 3 geostationary satellite and On-Board-Processor technology.

Ownership category

akta.pro rank

Product category

Mobile Satellite Communications Services

NAICS

Satellite Telecommunications (5174)

SIC

Computer Communications Equipment (3576)

akta.pro primary industry

Enterprise Satellite Connectivity & Managed Services (VSAT, SD-WAN over Satcom) (HDAIAJAB)

akta.pro secondary industries

Satellite Broadband Terminals & Gateways (VSAT/LEO CPE) (HDAFAIAM), Satellite Ground Segment & Gateway Services (Teleports, Gateways, Ground Station-as-a-Service) (HDAIAJAH), Satellite Network Operations & Capacity Services (NOC, Capacity Leasing, Managed Payload Services) (HDAIAJAI)

Keywords

• Mobile satellite communications
• Satellite communication services
• Defense satellite connectivity
• Mobile satellite terminals
• Geostationary satellite services

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. SATCOM-as-a-Service: Subscription-based satellite communication services delivered via proprietary and leased satellite capacity. Services include high-throughput connectivity with mobile satellite terminals, gateway services, and dedicated customer support. Revenue generated from monthly/annual service contracts with defense, national security, and public safety organizations.
2. Mobile Satellite Terminals: Sale of proprietary mobile satellite terminals (T6, T7, T8, P20, P30) for On-The-Move and On-The-Pause applications across military and commercial platforms.
3. Terminal and Service Integration: Integrated solutions combining terminals with SATCOM services, including supplementary orders from defense agencies like Swedish FMV.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Ovzon delivers integrated mobile satellite communications (SATCOM-as-a-Service) combining its proprietary Ovzon 3 geostationary satellite, mobile satellite terminals for On-The-Move and On-The-Pause operation, gateway services, and 24/7 customer support. The company packages these capabilities into subscription-based service plans (Orion, Pegasus, Hero, Go, Plus) and also sells proprietary hardware terminals (T6, T7, T8, P20, P30) to defense, national security, public safety, and commercial customers globally.

Product overview

Ovzon offers world-leading integrated mobile satellite communications services (SATCOM-as-a-Service) combining high throughput satellite networks, mobile satellite terminals, gateway services, and dedicated customer support. The portfolio includes the proprietary Ovzon 3 geostationary satellite (launched January 2024, commercial service July 2024), five SATCOM-as-a-Service tiers (Ovzon Orion, Pegasus, Hero, Go, Plus), and five mobile satellite terminals (Ovzon T6/T7/T8 On-The-Pause/On-The-Move and P20/P30 On-The-Move). The offering is designed for mission-critical connectivity requirements in Defense, National Security, and Public Safety sectors, delivering high performance, mobility, and resiliency.

Differentiator

Problem solved

Functional benefit

Brands

• Ovzon Orion: SATCOM-as-a-Service offering
• Ovzon Pegasus
• Ovzon Hero
• Ovzon Go
• Ovzon Plus
• Ovzon T6 OTP
• Ovzon T7 OTP
• Ovzon T8 OTM
• Ovzon P20 OTM
• Ovzon P30 OTM
• Ovzon 3
• Ovzon On-Board-Processor

Products and services

• SATCOM-as-a-Service Integrated mobile satellite communications service delivered via Ovzon's proprietary Ovzon 3 geostationary satellite (and partner capacity), the On-Board-Processor for secure, teleport-independent connectivity, gateway services in Europe and Africa, and 24/7 Network Operations Center support. Offered in multiple performance tiers (Orion, Pegasus, Hero, Go, Plus) tailored to mission-critical defense, national security, public safety, and commercial use cases.
• Ovzon T6 OTP Mobile Satellite Terminal On-The-Pause manpack mobile satellite terminal capable of 50 Mbps transmit and 120 Mbps receive speeds, designed for portable satellite communications use by military and government customers.
• Ovzon T7 OTP Mobile Satellite Terminal On-The-Pause mobile satellite terminal positioned as the smallest, most powerful and easiest-to-use terminal in the industry; now in serial production with deliveries to the U.S. Department of Defense.
• Ovzon T8 OTM Mobile Satellite Terminal On-The-Move mobile satellite terminal — the smallest in its class, measuring 7.3 x 5.1 inches and weighing 4.6 pounds — designed for seamless integration across air, land, and sea platforms including unmanned systems, vehicles, and vessels.
• Ovzon P20 OTM Mobile Satellite Terminal On-The-Move mobile satellite terminal for land, maritime, and airborne applications, part of Ovzon's new generation of mobile terminals supporting SATCOM-as-a-Service on the Ovzon 3 satellite.
• Ovzon P30 OTM Mobile Satellite Terminal On-The-Move mobile satellite terminal for land, maritime, and airborne applications, part of Ovzon's new generation of mobile terminals supporting SATCOM-as-a-Service on the Ovzon 3 satellite.

Quantifiable outcome

• 120% revenue growth from 334 MSEK (2024) to 735 MSEK (2025)
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core, key and minor.

• SpaceXcoreTechnology or Integration · 3 January 2024SpaceX provided launch services for Ovzon 3 satellite from Cape Canaveral, Florida on January 3, 2024. This was a critical partnership enabling the deployment of Ovzon's proprietary geostationary communications satellite.
• Maxar TechnologiescoreTechnology or Integration · 3 January 2024Maxar manufactured the Ovzon 3 satellite as part of the partnership for the first privately funded and developed Swedish geostationary communications satellite.
• Babcock InternationalkeyChannel Partner/ Reseller/ Distributor · 1 January 2024Babcock International serves as a channel partner for Ovzon SATCOM-as-a-Service delivery to UK Ministry of Defence, including renewal of 12-month contracts.
• Aicox SolucionesminorChannel Partner/ Reseller/ Distributor · 3 November 2021Aicox Soluciones partnered with Ovzon at FEINDEF 2021 in Madrid, Spain (booth 10E19) for customer engagement in the Spanish market.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Viasat: Viasat is a global satellite communications operator with ViaSat-3 and Inmarsat assets delivering managed broadband and mobility services to defense, government, and enterprise customers. It directly competes with Ovzon's SATCOM-as-a-Service offering and enterprise managed satcom business.
• SES: SES operates a fleet of GEO and MEO satellites (including O3b mPOWER) providing enterprise, government, and defense connectivity. SES Government Solutions serves US and European defense customers with managed satcom services, directly comparable to Ovzon's NATO and US DoD offerings.
• EchoStar (Hughes Network Systems): EchoStar operates Hughes Network Systems, a leading VSAT and managed satellite broadband provider serving enterprise, government, and defense customers with Jupiter terminals and gateway infrastructure. Directly comparable to Ovzon's VSAT-style managed services and terminal offerings.
• Telesat: Telesat is a Canadian GEO operator developing the LEO Lightspeed constellation, providing enterprise, maritime, and government connectivity. Comparable to Ovzon as a satellite operator serving mission-critical enterprise and government markets.
• Intelsat: Intelsat is a major GEO satellite operator providing managed connectivity, media distribution, and government/defense services globally. Its Intelsat Government unit delivers mission-critical satcom analogous to Ovzon's defense and national security focus.
• Eutelsat: Eutelsat is a European GEO/LEO satellite operator (post-OneWeb merger) serving enterprise, government, and defense markets. It competes with Ovzon in European managed satellite connectivity for government and mobility applications.
• Iridium Communications: Iridium operates the Iridium NEXT L-band constellation providing mobile satellite voice, data, and IoT services to defense, maritime, aviation, and government customers. Comparable to Ovzon as a mobile satcom operator serving mission-critical defense and public safety use cases.

Emerging players

• Gilat Satellite Networks: Gilat is a VSAT ground systems and satellite networking specialist serving defense, aerospace, and commercial mobility markets with terminals and hub technologies. Comparable to Ovzon's terminal hardware business focused on mobile/on-the-move platforms.
• Cobham Advanced Electronic Solutions: Cobham supplies tactical satellite communications terminals and RF components for defense and aerospace customers. As a terminal and ground segment specialist, it overlaps with Ovzon's T-series and on-the-move satcom terminal portfolio.

Broad incumbents

• L3Harris Technologies: L3Harris is a large defense prime that supplies tactical satellite communications terminals, modems, and related ground equipment to US DoD and allied militaries. As a broader incumbent, it competes with Ovzon's T-series terminals and satcom capabilities within a wider defense electronics portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/live/rtR5ZL6aKlo

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ovzon