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The latest update is out from Solid State ( (GB:SOLI) ).
Solid State plc has secured a $25 million order for communications equipment under a defense program, which will be delivered in the financial year ending March 2026. This order, initially delayed due to a UK government change and a Strategic Defence Review, signifies the strategic importance of Solid State’s technology amid global security concerns. The company plans to enhance its production capabilities in the US and UK to support organic growth in the defense and security sector, reflecting confidence in its market prospects despite previous disruptions.
More about Solid State
Solid State plc is a leading value-added electronics group specializing in supplying durable components, assemblies, and manufactured systems for industrial and defense markets. The company focuses on industrial and ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays. Operating through its Systems and Components divisions, Solid State serves a diverse range of industries including defense, energy production, aerospace, and more, with a reputation for quality and reliability. Headquartered in Redditch, UK, the company has a global presence with multiple production facilities and offices.
YTD Price Performance: 35.35%
Average Trading Volume: 84,125
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £99.16M
Learn more about SOLI stock on TipRanks’ Stock Analysis page.