PARIS — Satellite service provider Ovzon AB of Sweden reported a sharp increase in revenue for the three months ending March 31 based on sales of its new T6 mobile satcom terminal to the U.S. Defense Department and the one-time sale of hardware to Syntronic, which is taking over terminal production.
The U.S. military accounts for 90% of Ovzon’s current business, but the company has booked contracts with the UK Ministry of Defence and, more recently, with the Italian Fire and Rescue Service . . .
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