Cicor Technologies ( (CH:CICN) ) has shared an update.
Cicor Technologies has entered into a strategic supply agreement with Mercury Mission Systems International, a key player in the aerospace and defense industry. This partnership involves Cicor taking over a production facility in Switzerland and relocating operations to its sites in the UK and Switzerland, enhancing its market presence and supply chain capabilities in Europe. This move is expected to bolster Cicor’s position in the European aerospace and defense sector, with Mercury committing to significant product purchases over the next five years, potentially unlocking further sales opportunities.
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 3,450 employees across 21 locations, Cicor serves leading companies in the medical, industrial, aerospace, and defense sectors. The company’s shares are traded on the SIX Swiss Exchange.
Technical Sentiment Signal: Sell
Current Market Cap: €177.1M
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