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
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Solid State (SOLI)