Swarmer, via its subsidiary Swarmer Estonia, amended its software license with Meta Bureau and signed a new license with Progress TRW. The revised Meta Bureau agreement reduces initial fees to about $2.5 million and removes upgrade options from that contract. The new Progress TRW agreement adds roughly $1.4 million in initial fees, bringing combined upfront payments to approximately $3.9 million, and includes optional upgrades worth up to about $10.4 million if fully elected. Both agreements run for one year, auto-renew, and can be terminated with 30 days' notice. The company expects the structure to streamline terms and position upgrades with Progress while supporting ongoing UAV deployments.
Agreement 1: Swarmer Amends Meta Bureau Software License; Initial Fees Cut to ~$2.5M, 1-Year Auto-Renew
- Agreement type: Amended and Restated Master Supplier Agreement (software license)
- Counterparty: Meta Bureau
- Signed / Effective: Jun 25 2026 / same
- Duration / Termination: 1 year, auto-renew; 30-days notice
- Reason: Optimize licensing economics and maintain UAV software deployments
Agreement 2: Swarmer Signs Progress TRW License: ~$1.4M Upfront, Up To ~$10.4M for Upgrades
- Agreement type: Master Supplier Agreement (software license)
- Counterparty: Progress TRW
- Signed / Effective: Jun 25 2026 / same
- Duration / Termination: 1 year, auto-renew; 30-days notice
- Reason: Expand UAV software deployments and monetize future upgrades
Original SEC Filing:
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