Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Premium
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • FemmeBreaking barriers and building confidence in investing
  • Learn about investing
    • Analysis SchoolLearn how to read and understand stock analysis
    • Investing SchoolGuides and lessons to grow your investing knowledge
    • Portfolio buildersInvesting knowledge for every level, from first steps to advanced portfolio strategies.
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Insider TransactionsTrack buying and selling activity by company insiders
    • Short SellingSee which listed companies have disclosed short interest
    • Virtual Analyst ChatAsk questions and get instant AI-powered investment insights
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Clavister Achieves Major Milestone in TCNS Project and Receives 65 MSEK Payment

CLAVPress release27.10.2026 klo 15.00

Örnsköldsvik, Sweden – 27 October 2026 – Clavister, a leader in European cybersecurity for mission-critical applications, has successfully completed the Critical Design Review (CDR), one of the most important milestones in the TCNS project for the Norwegian Armed Forces through NDMA - the Norwegian Defence Materiel Agency. The customer approved the milestone by the end of the third quarter of 2026. Following the approval, Clavister has received a milestone payment of approximately 65 MSEK, corresponding to 25 % of the development contract value.

The Critical Design Review is a key checkpoint in the development programme, assessing the maturity of the detailed design and its readiness to support subsequent development and delivery activities. Customer approval marks an important step forward in Clavister’s execution of the project.
 
The associated payment strengthens Clavister’s cash position and reflects the milestone-based payment structure of the development contract.
 
“Customer approval of the Critical Design Review is a significant achievement for everyone involved in the TCNS project. It reflects the extensive engineering work and close collaboration with the customer required to reach this stage. We are proud to contribute to the Norwegian Armed Forces’ capabilities and remain focused on delivering the next stages of the programme,” said John Vestberg, CEO at Clavister.
 
The TCNS project is an important part of Clavister’s defence business, demonstrating the company’s ability to support complex development programmes for customers with mission-critical requirements.

About Clavister


Clavister is a Swedish cybersecurity company that has protected mission-critical customers for over two decades. Headquartered in Örnsköldsvik, Sweden, Clavister pioneered one of the first firewalls and continues to deliver adaptive, high-performance cybersecurity solutions for public sector, energy, telecom and defence customers.

The stock, Clavister AB, is listed at Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s Certified Advisor.

For additional information, please visit https://www.clavister.com/, and follow us on our official LinkedIn and YouTube channels.


For further information, please contact:

Clavister:
John Vestberg, President and CEO
Email: john.vestberg@clavister.com

Attachments


Clavister Achieves Major Milestone in TCNS Project and Receives 65 MSEK Payment