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Share Price: 1,485.00

Bid: 1,460.00

Ask: 1,510.00

Change: 0.00 (0.00%)

Spread: 50.00 (3.425%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 1,485.00

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IN BRIEF: Solid State selected by Saab for naval antenna deal

Tue, 12th Sep 2023 14:13

Solid State PLC - Redditch, England-based supplier & design-in manufacturer of computing, power, and communications products - Enters "multimillion pound" deal with Saab AB Surveillance for a naval electronic intelligence antenna system through its Systems division, Steatite. Says it will supply parts from its antenna design system in its Leominster, England manufacturing facility.

Solid State Managing Director Matthew Richards says: "We're very pleased to have entered into this agreement with Saab. It's a strong testament to the extensive capabilities we have now that the Solid State group has grown organically and through acquisition over the last few years. We look forward to working with such an innovative and reputable solutions' provider."

Current stock price: 1,312.00 pence, up 0.2%

12-month change: up 17%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

5 Jul 2016 09:46

Solid State's profits rise by 40%

(ShareCast News) - Solid State, a supplier of specialist industrial computers and equipment, reported an increase in full year profits as it begins the new financial year with a good order book. The company's profit before rose by 40% to £4.2m in the financial year ended 31 March 2016. Turnover also

23 Jun 2016 13:11

Thursday broker round-up

(ShareCast News) - Ascential: Goldman Sachs reiterates buy with a target price of 278p. Sophos: UBS keeps at buy with a 300p target. SSP Group: JP Morgan keeps at overweight with a target price of 335p. Vodafone: HSBC upgrades to buy with a target of 175p. Bae Systems: Berenberg downgrades to hol

25 Feb 2016 15:26

Solid State loses MoJ electronic offender tagging contract

(ShareCast News) - Solid State's £34m contract to provide electronic offender tags has been terminated by the Ministry of Justice (MoJ). The AIM-listed company's Steatite subsidiary, which recognised £3.5m of revenue as part of the mobilisation element of the contract in the first half of the year,

29 Oct 2015 14:29

Solid State warns on profits after contract delay and market softening

(ShareCast News) - Despite making a robust start to the year, electronic components supplier Solid State warned revenues and profits for the year will be well below market expectations after a major contract was rejigged. The AIM-listed company, which supplies specialist 'ruggedised' computers, elec

17 Jul 2015 16:42

Solid State's chairman sells shares to meet demand from shareholders

(ShareCast News) - The chairman of Solid State sold £0.37m worth in shares in the company to meet further institutional demand following upbeat full-year results. Anthony Frere sold 47,996 shares for an individual price of 775p, bringing home a total of £371,969. Following the transaction, Frere ho

4 Jun 2015 10:44

Solid State secures £1m contract with Renishaw

Solid State, an electronic components manufacturer, has secured a £1m contract with Renishaw for the suply of its semiconductor devices. Under the agreement, Renishaw will use the devices of Solid State's supplies division in its metrology products. Renishaw will be able to import the component dir

24 Nov 2014 11:10

Solid State reports surge in first half pre-tax profit

Electronics manufacturer and distributor, Solid State, has reported a sales and profit increase for the six month period to 30 September. Solid State posted a 40% increase in sales to reach a total of £17.1m compared to £12.2m in 2013. Pre-tax profits also surged to £1.5m, up 175% from £564,000 a ye

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IN BRIEF: Solid State selected by Saab for naval antenna deal

Solid State's profits rise by 40%

Thursday broker round-up

Solid State loses MoJ electronic offender tagging contract

Solid State warns on profits after contract delay and market softening

Solid State's chairman sells shares to meet demand from shareholders

Solid State secures £1m contract with Renishaw

Solid State reports surge in first half pre-tax profit

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