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 announces delivery delays in the fourth quarter
As previously communicated, there are timing issues in the supply chain, mainly of semiconductor components, for MilDef’s hardware portfolio. In the fourth quarter, approximately SEK 60-70 million of the order book with delivery planned for the current quarter is expected to be moved to Q1 and Q2 2023. No business will be lost, but revenue and profit will be negatively impacted in the fourth quarter and positively impacted in the first half of 2023.
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.
