KWESST Awarded Five Year Software Systems Development Contract for Canadian Department of National Defence valued at Approximately $20M

May 2, 2023

(24/7 MARKET NEWS) – KWESST Micro Systems Inc. (NASDAQ:KWE) reported, this morning, that it received notification of contract award under a joint venture with two other defence industry partners, to perform software systems engineering work for the Canadian Department of National Defence (“DND”), with KWESST’s component valued at a minimum of $4M (Canadian Dollars) annually for a five-year initial contract followed by five, one-year option years..

KWESST is trading at $2.93, up $0.50 (+20.58%), on 384K premarket shares traded.

Its 52-week range is $2.08 to $29.40. Its premarket high is $3.47 and it’s now challenging its April 17 trading levels.

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