pta20221220011
Business news for the stock market

Frequentis AG: Supplying German Bundeswehr with IT equipment for national air defence

Vienna (pta011/20.12.2022/10:00 UTC+1)

  • State-of-the-art IT equipment for the "National Air Defence" command centre
  • Efficient airspace protection in the event of aircraft hijackings or terrorist attacks

On 24 November 2022, the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) and Frequentis Deutschland GmbH signed a contract for the delivery of the complete system "Network Redesign and Obsolescence Elimination - IT Equipment Command and Control Centre National Air Defence / National Situation and Command Centre Security in Airspace". The project is scheduled for completion in 2025.

The Frequentis command and control system supports the "National Situation and Command Centre for Security in Airspace", in securing German airspace. With the support of this system, security-critical scenarios such as unauthorised intrusion into airspace, aircraft hijackings, and terrorist attacks can be handled efficiently and effectively. For this purpose, nationwide data sources from the radars and radio sites of the German Armed Forces can also be accessed.

The Frequentis command and control system was first presented as a demonstrator in 2010 and has been continuously developed and expanded since its introduction to the Bundeswehr. The contract for network redesign and obsolescence elimination is an important milestone for the further continuation of the long-standing partnership between the Bundeswehr and Frequentis. This contract is also an important contribution to the security of German airspace.

About FREQUENTIS

Frequentis is a global supplier of communication and information systems for control centres with safety-critical tasks. The listed family-run company develops and markets its "control centre solutions" in the Air Traffic Management segment (civil and military air traffic control, air defence) and the Public Safety & Transport segment (police, fire brigades, emergency rescue services, coastguards, port authorities, railways). With a market share of 30%, Frequentis is the world market leader in voice communication systems for air traffic control. Frequentis is also the global leader in aeronautical information management and aeronautical message handling systems.

As a global player with around 2,000 employees (full-time equivalents/FTE), Frequentis has a global network of companies in more than 50 countries. Its head office is in Vienna, Austria. Frequentis' products, services, and solutions are used at more than 40,000 operator working positions in around 150 countries. Shares in Frequentis are traded on the Vienna and Frankfurt stock exchanges; ISIN: ATFREQUENT09, WKN: A2PHG5. In 2021, revenues were EUR 333.5 million and EBIT was EUR 29.0 million.

Wherever Frequentis' systems are used, safety-critical operators bear responsibility for the safety of other people and goods. The company also works towards a more sustainable future through its air traffic optimisation solutions.

For more information, please visit www.frequentis.com.

Jennifer McLellan, Global Media Relations Manager
jennifer.mclellan@frequentis.com, +44 2030 050 188

Barbara Fuerchtegott, Head of Communications
barbara.fuerchtegott@frequentis.com, +43 1 81150-4631

Stefan Marin, Head of Investor Relations
stefan.marin@frequentis.com, +43 1 81150-1074

(end)

Emitter: Frequentis AG
Innovationsstraße 1
1100 Wien
Austria
Contact Person: Stefan Marin
Phone: +431811501074
E-Mail: stefan.marin@frequentis.com
Website: www.frequentis.com
ISIN(s): ATFREQUENT09 (Share)
Stock Exchange(s): Vienna Stock Exchange (Official Trade)
Other Stock Exchanges: Regulierter Markt in Frankfurt
|