Tech manufacturer secures £9.8m NATO follow-on contract
Redditch-based specialist component supplier and manufacturer Solid State has been awarded a further £9.8m contract by the NATO Support and Procurement Agency (NSPA) to supply communications equipment to a defence customer through its Systems division.
This follows on from the £7.3m NATO contract announced on November 14.
Delivery of both products is expected within the current financial year, which will contribute towards achieving current market expectations.
Commenting on the contract, Gary Marsh, Chief Executive of Solid State, said: “It is very pleasing to secure such a significant follow-on order from NATO, so soon after securing the £7.3m order announced on 14 November 2022.
“Matthew Richards and his team in the Systems division have done an excellent job in meeting the exacting requirements of NATO’s needs, which has been rewarded through these two contract awards.”
Solid State has secured a range of acquisitions made and won several contracts this year.
Deals such as the £38m purchase of California-based Custom Power and a Transport for London contract saw the open order book increasing to £16.8m ($19.5m) at the end of August, which takes the Group open order book to £106.8m (March 2022: £85.5m; like for-like including Custom Power £98.3m).