11:05 AM EST, 11/11/2026 (MT Newswires) -- Summa Defence (SUMMA.HE) unit Summa Energy filed a bankruptcy petition with the Helsinki District Court in Finland on Wednesday, according to a same-day release. The petition follows the conclusion of Summa Energy's board that the company is insolvent, with liabilities exceeding its assets. The move is also part of the defense and security technology group's wider restructuring measures, which include streamlining operations and potentially winding down loss-making subsidiaries.

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