--- title: "Swarmer Reworks Meta Bureau Deal and Adds Progress TRW License: $3.9M Upfront, Upgrades Up To $10.4M" type: "News" locale: "en" url: "https://longbridge.com/en/news/291336871.md" description: "Swarmer amended its Meta Bureau software license, reducing upfront fees to ~$2.5M and removing upgrades, while signing a new Progress TRW license with ~$1.4M upfront and up to $10.4M in optional upgrades. Combined upfront payments total ~$3.9M. Both one-year auto-renewing agreements aim to streamline terms and support UAV deployments." datetime: "2026-06-30T21:23:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291336871.md) - [en](https://longbridge.com/en/news/291336871.md) - [zh-HK](https://longbridge.com/zh-HK/news/291336871.md) generator: "portal-rs" --- # Swarmer Reworks Meta Bureau Deal and Adds Progress TRW License: $3.9M Upfront, Upgrades Up To $10.4M 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: Swarmer, Inc \[ SWMR \] - 8-K - Jun. 30, 2026 **Disclaimer** This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC. ### Related Stocks - [SWMR.US](https://longbridge.com/en/quote/SWMR.US.md) ## Related News & Research - [This Little-Known Software Stock Just Set a New All-Time High](https://longbridge.com/en/news/297539706.md) - [What smart people are saying about Meta's settlement](https://longbridge.com/en/news/297137247.md) - [Meta joins a list of corporations that have settled cases for billions of dollars](https://longbridge.com/en/news/297075086.md) - [Is Meta Platforms Stock Underperforming the S&P 500?](https://longbridge.com/en/news/297337824.md) - [What Meta bought with its $18 billion settlement](https://longbridge.com/en/news/297313896.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**