22nd Nov 2022 16:23
Solid State PLC - Redditch-based supplier and design-in manufacturer of computing, power, and communications products - Signs GBP9.8 million follow-on defence contract with Nato Support & Procurement Agency to supply communications equipment to a defence customer through its Systems division. Expects revenue from contract to contribute to market expectations for financial year 2024.
Earlier this month, Solid State won a GBP7.3 million contract with the Nato Support & Procurement Agency.
Chief Executive Gary Marsh says: "It is very pleasing to secure such a significant follow-on order from NATO, so soon after securing the GBP7.3 million order announced on November 14, 2022."
Current stock price: 1,285.00 pence, up 4.1% on Tuesday in London
12-month change: up 8.4%
By Sophie Rose; [email protected]
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