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Solid State PLC - Redditch-based supplier and design-in manufacturer of computing, power, and communications products - Signs £9.8 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 £7.3 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 £7.3 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%
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