Investegate |Solid State PLC Announcements | Solid State PLC: Result of AGM investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Three Year $4.56m Defence Contract Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, is pleased to announce that its Value Added Supplies division has secured a three year contract renewal with a global defence technology customer to supply components for its defence aerospace programme. The contract, which has been awarded following the successful completion of the initial three year contract awarded to Solid State Supplies, will add approximately $800,000 to Solid State s open order book in the first year, with a total value of $4.56m to be realised over its duration as staged delivery dates are confirmed.
04 Mar 2021
.while Active Silicon is acquired by fellow UK company Solid State for £6.3 million.
Saabâs Vidar (2018) is designed for harsh environments.Lumibird, a developer of diverse laser technologies, has signed an agreement with the Swedish company Saab to acquire its defense laser rangefinder business. This acquisition will contribute to consolidating the Lumibird Groupâs position on the European defense market.
Saabâs defense laser rangefinder business, based in Gothenburg, represents over â¬10 million of revenues based on the year ended December 31, 2020.
Assuming the acquisition completes, Lumibird will be able to offer its European Defense sector clients a wider selection of lasers and rangefinders, from short to long range, with increased market coverage. This acquisition will also open up immediate access for all the products to a broader panel of European clients.