AKTIONÄR hot stock MilDef: Kongsberg strikes
In recent weeks, MilDef's share price has corrected sharply. A major insider sale by company CEO Daniel Ljunggren drove investors out of the previously strong Scandinavian small-cap. Meanwhile, there are signs of a technical stabilization, supported by an order placed last Friday.
MilDef will supply rugged hardware valued at 225 million Swedish kronor (equivalent to €20.1 million) to Kongsberg Defence & Aerospace. The client is a long-standing partner and customer of the Swedish company. The products MilDef will supply to Kongsberg include solutions such as computers, switches, servers, and displays for various platforms.
"This is MilDef's largest single order in the Norwegian market, and we are honored to be part of an important and state-of-the-art defense system manufactured in Norway. This is a testament to how Nordic defense companies work together and take responsibility for European armaments," said Daniel Ljunggren about the latest order.
Even though the news only hit the stock market last Friday (July 4), the Scandinavian company is booking the Kongsberg order into its order backlog for the second quarter, which expired a few days earlier. MilDef aims to deliver the hardware starting next year.
MilDef's growth story is clearly intact, and the Scandinavian company is one of the big winners due to rising spending on defense and security, especially in Europe. This is underscored by the recent Kongsberg order from Norway. Brave investors are taking advantage of the stock's weak phase to build or expand their positions. A stop loss at €15.00 protects against significant downside losses.
deraktionaer.de
