MilDef Group wins Swedish order worth 50.1 MSEK

MilDef Sweden AB, a subsidiary of MilDef Group AB (“MilDef”), a global supplier of tactical IT, has received an order worth 50.1 MSEK for specialized network switches in an integration project. The order is part of a larger system and planned delivery will take place during 2022. Additional orders within the same project are anticipated.

The order will provide the Swedish Armed Forces with significant components for its digital infrastructure. The systems are designed to function as mobile nodes for the Armed Forces' forward command posts. MilDef has earlier during 2021 delivered prototype systems and these have undergone thorough tests that prove both capacity and modularity. The successful results from these tests have now generated this serial order.

"We are proud to be part of the digitalization and modernization of the Swedish Armed Forces," says Evelina Hedskog, Managing Director of MilDef Sweden AB. "This important order underpins the trust the Swedish Armed Forces and FMV have in our products, services and systems."

For more information, please contact:

MilDef Group AB (publ)

Björn Karlsson, CEO
Phone: +46 705 25 01 07

Daniel Ljunggren, EVP & CFO
Phone: +46 706 68 00 15

MilDef Sweden ABEvelina Hedskog, Managing Director
Telefon: +46 730 56 87 67

This information constituted inside information prior to publication. This is information that MilDef Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 15:00 CET on June 29, 2021.

About MilDef MilDef was founded in 1997 in Helsingborg, Sweden, and is a supplier of rugged electronics within tactical IT for challenging environments. MilDef’s products are sold to more than 160 customers through MilDef’s subsidiaries in Sweden, Norway, United Kingdom, and the United States and through partner networks in more than 30 countries, predominantly within the EU. The product portfolio encompasses all components of an IT system – from servers and client computers to network equipment and intelligent displays and have been developed to withstand heat, cold, moisture, vibration, shock, and other environmental impacts. MilDef is listed on Nasdaq Stockholm.