KWESST Micro Systems Inc. announced that it has 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"). The contract component for KWESST is valued at a minimum of $4 million annually for a five-year initial contract followed by five, one-year option years. All amounts in Canadian dollars.

Under the terms of the joint venture, partners are combining their respective expertise in the Canadian and international defence Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance ("C4ISR") domain to offer specialized software development and integration solutions to the Canadian Army. The initial term of the contract runs to May, 2028, with work expected to commence late summer or early Fall of 2023 after satisfying certain formalities and work plan definition customary for a contract of this nature. KWESST commented that the contract win announced represents an important validating milestone in its growth strategy as a land tactical digitization development and integration house.