DealsJun 29, 2026, 08:02 AM
Swarmer's Meta Bureau contract updated, adding $1.02M revenue
AI Summary
Swarmer, Inc. announced an update to its May 2026 contract with Meta Bureau LLC, resulting in an expected additional $1.02 million in revenue for Swarmer. The updated deal increases Meta Bureau's autonomy license purchase to $2.40 million and includes a new $1.41 million purchase of SkyKnight software licenses by Progress TRW S.R.O. The total current contract value is $3.87 million, with a potential total value of $14.20 million if all options are exercised.
Key Highlights
- Meta Bureau's autonomy license purchase increased from $1.38 million to $2.40 million.
- SkyKnight software licenses worth $1.41 million will be purchased by Progress TRW S.R.O.
- Swarmer expects to recognize an additional $1.02 million in revenue from the updated deal.
- The total current contract value is $3.87 million, with $2.47 million from Meta Bureau.
- The total potential contract value, if all options are exercised, is $14.20 million.
- This represents a potential increase of $1.02 million from the original contract award.
- Swarmer's software has supported over 100,000 combat missions in Ukraine since April 2024.
Price Impact
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