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Nokia Strengthens Defense Lineup With New Mission Safe Phone And 5G Tactical Radio
Yahoo Financeยท 2025-09-09 10:19
Core Insights - Nokia has introduced two new products in its defense portfolio: the Mission-Safe Phone and an upgraded Banshee 5G Tactical Radio, aimed at enhancing secure communications for military operations [1][4] - The Mission-Safe Phone is designed for durability and security, built on a Qualcomm chipset, and supports customizable applications and upgrades [2][3] - The upgraded Banshee 5G Tactical Radio offers higher bandwidth, lower latency, and improved reliability, marketed as a portable "network in a box" [4] Product Details - The Mission-Safe Phone is a purpose-built defense smartphone that emphasizes adaptability and military-grade durability [2][3] - The Banshee 5G Tactical Radio integrates 5G connectivity, providing rapid deployment and a robust tactical network for better coordination in the field [4] Financial Performance - Nokia's shares have increased by 4% year-to-date, underperforming compared to the NYSE Composite Index's 11% gain [5] - The company has revised its full-year 2025 operating profit outlook down to a range of 1.6 billion euros to 2.1 billion euros, from a previous range of 1.9 billion euros to 2.4 billion euros [6] - Currency fluctuations are expected to impact profits by approximately 230 million euros, with tariffs anticipated to reduce profits by an additional 50 million euros to 80 million euros [7]