1Semana·

MilDef to deliver robust hardware worth 225 million Swedish kronor to Kongsberg Defence & Aerospace

The MilDef share has corrected sharply in recent weeks. A major insider sale by company director Daniel Ljunggren drove investors out of the Scandinavian second-tier stock, which had previously performed strongly. In the meantime, a technical stabilization is emerging on the chart, underpinned by an order placed last Friday.

MilDef is to supply robust hardware worth 225 million Swedish kronor (equivalent to 20.1 million euros) to Kongsberg Defense & Aerospace. The customer is a long-standing partner and customer of the Swedes. The products that MilDef is supplying to Kongsberg include solutions such as computers, switches, servers and displays for various platforms.

"This is MilDef's largest single order in the Norwegian market and we are honored to be part of an important and cutting-edge defense system manufactured in Norway. This is proof of how Nordic defense companies work together and take responsibility for European defense," says Daniel Ljunggren about the latest order.

Even though the news only hit the stock market ticker last Friday (July 4), the Scandinavian company has included the order from Kongsberg in its order backlog for the second quarter, which ended a few days earlier. MilDef is aiming to deliver the hardware from next year.

https://www.deraktionaer.de/artikel/medien-ittk-technologie/aktionaer-hot-stock-mildef-kongsberg-schlaegt-zu-20382793.html

www.deraktionaer.deAKTIONÄR-Hot-Stock MilDef: Kongsberg schlägt zu

Tenbagger2024

@Tenbagger2024

1Lun·

This is MilDef - We armor IT.

$MILDEF (+11,34 %)

Great momentum!

Share of the day

MilDef is a global systems integrator and full-service provider specializing in rugged IT for defense and security sectors. MilDef provides hardware, software and services to protect critical information flows and systems - whenever and wherever the risks are greatest.

WE ARMOR IT.

MilDef is a systems integrator and full-service provider specializing in rugged IT for the defense and security sector. We provide hardware, software and services that enable the digitization of critical information flows under the toughest conditions and in the most demanding environments.

We protect key information flows and systems wherever and whenever the stakes are high. We provide secure, robust and reliable IT that ultimately protects not only human lives, but also our common way of life, freedom and democracy. The very foundation of our society.

Working closely with our customers and partners, we integrate durable, reliable and customized hardware into highly flexible and adaptable systems and solutions. Solutions that undergo rigorous testing - not only in our laboratories and environmental testing facilities, but also in real-world applications.

MilDef products are sold to more than 200 customers through subsidiaries in Sweden, Norway, Finland, Denmark, the UK, Germany, Switzerland, the USA and Australia. MilDef was founded in 1997 in Helsingborg, Sweden. The MilDef Group has been listed on Nasdaq Stockholm since 2021.

https://investors.mildef.com/?lang=en

investors.mildef.comMilDef Investors - WE ARMOR IT.

3 Comentarios

PikaPika0105@PikaPika0105

1Semana

I've had them on my watchlist for a while, but then I didn't invest because it's somehow not that technologically unique. They are just extra hard IT devices like this, anyone can certainly....

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Jakobi@Jakobi

1Semana

@PikaPika0105 can, but who really wants to do that? The market is rather niche. That means "little" turnover. It's not worthwhile for the really big players to enter the sector.

Furthermore, as a defense company, you ideally want technology from countries that you absolutely trust. Made in China (which would normally be the big competitor) is therefore out of the question.

I'm not that familiar with the regulatory framework, but I don't think it's that easy to enter the market either (high entry costs).

I consider the competitive environment to be relatively pleasant. This means nice margins for a hardware business

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Tenbagger2024@Tenbagger2024

1Semana

@Jakobi
I also think it's a moat share. You would have to analyze who the competitors are and how much market share each has.

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