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Defence Group is "running out of money": - Days rather than weeks

A disaster plan is being executed at the Finnish company
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Summa Defence could run out of money within days, according to the Finnish defence group’s President and CEO, Robert Blumberg.

- We have exhausted our working capital and liquidity has significantly deteriorated, he told Defence Nordic.

The company said in a statement on Monday that it "is unable to meet its payment obligations as they fall due without immediate additional financing or other arrangements to secure its liquidity".

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