MilDef Group AB

04/22/2024 | Press release | Distributed by Public on 04/22/2024 01:03

MilDefs subsidiary Handheld wins contract for nanodrone technology worth 69 MSEK

English
Published: 2024-04-22 09:00:00 CEST

Mildef Group AB
Investor News

MilDefs subsidiary Handheld wins contract for nanodrone technology worth 69 MSEK

Handheld has won a contract to deliver a large number of operator computers for nano drones. The customer is a global defense group, based in the US, delivering nano drones for military battlefield surveillance. The contract is a follow-up order to the development order announced in July 2023 and the order value amounts to SEK 69 million, with growth potential when deliveries of additional quantities begin. Deliveries are planned 2025 -2026.

The customized control computer from Handheld is based on a 7-inch ultra-rugged Android tablet. Drone technology has emerged as a game-changer in modern warfare, revolutionizing the way military operations are conducted. Unmanned aerial vehicles, or drones, offer numerous advantages that have significantly transformed the battlefield and enhanced military capabilities.

"This contract is an example of the cross-selling synergies and technical collaborations created between MilDef and Handheld. Handheld's lightweight, durable and powerful tablets make a strong case for the development of soldier-carried, high-tech computers in the field," says Daniel Ljunggren, CEO of MilDef Group.

The information was submitted for publication, through the agency of the contact persons set out below, at 09:00 CET on April 22, 2024.

For more information, please contact:

Daniel Ljunggren, CEO
Phone: +46 706 68 00 15
Email:
[email protected]

Olof Engvall, Head of IR & Communications
Phone: +46 735 41 45 73
Email: olof.engvall@mildef.com
MilDef - WE ARMOR IT.
MilDef is a global systems integrator and full-spectrum provider specializing in rugged IT for military, government and critical infrastructure sectors. MilDef provides hardware, software and services that shield and protect critical information streams and systems, when and where the stakes are the highest. MilDef's products are sold to more than 200 customers through companies in Sweden, Norway, Finland, Denmark, United Kingdom, Germany, Switzerland, the United States and Australia, and through partner networks in more than 40 countries. MilDef was founded in 1997 and is listed on Nasdaq Stockholm since 2021.


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Daniel Ljunggren vehicle

Attachments:
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