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Cicor Technologies ( (CH:CICN) ) has provided an update.
Cicor Technologies has secured a significant order from a major European aerospace and defense supplier for high-tech substrates used in airborne radar systems, to be produced at its Wangs, Switzerland site. This order, valued in the mid-single-digit million range in Swiss francs, will be delivered in 2026, with expectations for a larger follow-up order in subsequent years. The order highlights Cicor’s leading position in thin-film substrate technology and will contribute approximately 10% to the annual sales of its Advanced Substrates Division. The company recently consolidated its thin-film activities by relocating production from Ulm, Germany to Wangs, Switzerland, where improvements such as a photovoltaic system have been implemented.
The most recent analyst rating on (CH:CICN) stock is a Buy with a CHF64.00 price target. To see the full list of analyst forecasts on Cicor Technologies stock, see the CH:CICN Stock Forecast page.
More about Cicor Technologies
The Cicor Group is a globally active provider of electronic total solutions, offering services from research and development to production and supply chain management. With approximately 4,400 employees across 13 countries, Cicor serves leading companies in the medical, industrial, and aerospace & defense sectors. The company is known for combining customer-specific development solutions with high-tech components and electronic device manufacturing. Cicor Technologies Ltd. is publicly traded on the SIX Swiss Exchange.
Average Trading Volume: 13,213
Current Market Cap: CHF896M
For an in-depth examination of CICN stock, go to TipRanks’ Overview page.