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The latest update is out from Hanza AB ( (SE:HANZA) ).
HANZA has secured an initial SEK 40 million order from a high-tech drone company under its LYNX program, which aims to expand its manufacturing capacity in the defense sector. This collaboration, with a potential long-term target volume of SEK 300 million annually, marks a significant milestone for HANZA’s LYNX initiative, enhancing its position in the defense industry. The production will occur in Sweden, leveraging HANZA’s regional manufacturing clusters for efficient operations. Additionally, HANZA’s recent acquisition of Finnish company Milectria strengthens its capacity platform for growth in defense and security sectors.
The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK111.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.
More about Hanza AB
HANZA is a contract manufacturing company that operates through regional manufacturing clusters, offering a combination of technologies such as mechanics, electronics, cable harnesses, and final assembly. This approach reduces complexity and costs while improving quality and delivery reliability. The company employs approximately 3,500 people, has annual revenues of around SEK 6.5 billion, and is listed on Nasdaq Stockholm, operating in eight countries.
Average Trading Volume: 128,591
Technical Sentiment Signal: Buy
Current Market Cap: SEK4.89B
Find detailed analytics on HANZA stock on TipRanks’ Stock Analysis page.