A £2.5m subcontract has been awarded to MilDef to supply Generic Vehicle Architecture (GVA) compliant Processors and Ethernet Switches for the British Army’s upgraded Challenger 3 Main Battle Tank (MBT).
Year-End Report January – December 2022
STRONG SALES GROWTH DESPITE DELIVERY DELAYS
Invitation to presentation of MilDef´s year-end and fourth quarter report 2022, on February 9
MilDef, the nordic region’s leading supplier of tactical IT, software solutions and services, will publish its year-end and fourth quarter results for 2022 on February 9, at 08:00 am CET.
MilDef wins SEK 50 million order for prototypes to digitalize an army
In August 2022, MilDef announced a 20-year framework agreement worth SEK 2.8 billion, with an unnamed defense force of a European NATO country. Now the first order has been placed for the contract to help digitalize the country’s army. The order value in this initial contract is approximately MSEK 50 with deliveries over the period 2023-2024.
MilDef opens subsidiary in Denmark for accelerated expansion
To further strengthen MilDef’s position in Denmark, MilDef Denmark is now established. The subsidiary will be headed by Claus Larsen, most recently Country Manager for Atos Denmark, specialized in defense and security and with 20 years of service as a reserve officer.
MilDef signs additional order for British Army MIV programme, worth 70 MSEK
MilDef has received an extension to the previous order from Rheinmetall BAE Systems Land (RBSL) to provide Generic Vehicle Architecture (GVA) compliant Crewstation PCs, Servers and Ethernet Switches for the British Army Mechanized Infantry Vehicle (MIV) programme. Deliveries will take place 2023-2030.
MilDef establishes its first production facility outside Sweden, at historic RAF air base in Wales
MilDef has opened a manufacturing facility at the Bro Tathan business park near Cardiff, Wales. The new facility manufactures MilDef’s tactical IT platform for the £25 million RBSL contract won in 2020, as well as providing a non-EU platform for global sales of MilDef’s products.
Interim report for January – September 2022
STRONG ORDER INTAKE AND INCREASED GROSS MARGIN
Interim report for January – June 2022
Financial development Q2 2022 Net sales increased by 46% to SEK 118.5 million (81.3). Gross margin amounted to 49% (48). Adjusted EBITDA amounted to SEK -9.6 million (-2.3), equivalent to an adjusted operating margin of -8.1% (-2.8). Operating profit (EBIT) amounted to SEK -15.0 million (-10.5) including non-recurring items of SEK 0.0 million (-3.4). Order
MilDef wins 82 MSEK order in Norway
MilDef, a global provider of tactical IT, will provide technology to a Norwegian defense vehicle program with deliveries 2022-2023. This is a follow-up order on an existing program and a mid-life upgrade of armored vehicles in the M113 series. The customer is NDMA, Norwegian Defense Materiel Agency.