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Solid State secures three-year global defence tech contract renewal
StockMarketWire.com
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Worcestershire-based computing products manufacturer Solid State has announced that its Value Added Supplies division has secured a three year contract renewal with a global defence technology customer to supply components for its aerospace defence programme.
The renewed contract which has been awarded following the successful completion of the initial three-year contract will generate approximately $800,000 in the first year, with a total value of $4.56m to be realised over its duration as staged delivery dates are confirmed.
Commenting on the contract, John Macmichael, managing director of Solid State Supplies, said: 'The renewal contract with this longstanding customer, who is very well-respected in its sector, is a testament to Solid State's emphasis on good customer relationships and the market-leading nature of our value added products.'
At 2:45pm: (LON:SOLI) Solid State Plc share price was 0p at 582p
Story provided by StockMarketWire.com
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