Shares of Nokia Corporation (NYSE:NOK) are trading lower by 5.08% on Thursday as the company faces challenges despite a broader market that shows mixed performance.
Recently, Nokia announced a collaboration with Lockheed Martin Corporation (NYSE:LMT) to enhance secure communications for U.S. and allied defense forces, a move that aligns with the Defense Department’s open architecture standards. However, this initiative does not seem to have positively impacted investor sentiment today.
Nokia’s partnership with Lockheed Martin aims to deliver a modular 5G capability for military vehicles, integrating Nokia’s technology within the Department of War’s framework.
This collaboration is expected to close in the fourth quarter of 2026 and is not financially material to Nokia, which may be contributing to the stock’s downward movement.
Recent Key Deals
In addition, the company agreed to offload its Fixed Wireless Access (FWA) CPE business to Inseego Corp. (NASDAQ:INSG). Nokia will take an approximately 11% stake in Inseego through stock and warrants, and make an additional $10 million investment.
The companies plan joint initiatives in 6G, AI, and wireless edge technologies. The transaction is expected to close in the fourth quarter of 2026 and is not financially material to Nokia.
Counterpoint Research said the deal marks a strategic move that could significantly expand Inseego’s scale, product reach, and global presence.
Nokia Earnings Snapshot
The …
This post was originally published here
