Mildef Group AB Secures Major Order from Kongsberg Defence & Aerospace

In a significant development for the Swedish industrial company Mildef Group AB, the firm has secured a substantial order from Norway’s Kongsberg Defence & Aerospace. The deal, valued at 225 million SEK, involves the supply of Mildef’s ruggedized IT equipment, set to commence deliveries in 2026. This order underscores Mildef’s growing reputation in the defense sector for its military-grade IT products and electronic systems, which include laptops, tablets, handhelds, intelligent displays, and tracking solutions.

The order, booked in Q2, will be included in Mildef’s quarterly order book, reflecting a strategic expansion in its customer base and a testament to its robust product offerings. This development comes at a time when Mildef is experiencing rapid growth, necessitating enhanced system support to maintain operational efficiency.

Market Reaction and Strategic Implications

The news of the order has been well-received in the market, highlighting Mildef’s strategic positioning in the defense industry. Despite a recent dip in its stock price, closing at 178.4 SEK on July 2, 2025, the company’s market capitalization remains strong at 9.19 billion SEK. The order from Kongsberg is expected to bolster investor confidence and potentially drive future growth.

However, it’s worth noting that Mildef’s largest shareholder, Mildef Crete, has recently reduced its stake in the company to 4.99%, just below the 5% threshold. This move positions Swedbank Robur Fonder as the second-largest shareholder, holding a 5% stake. The reduction in Mildef Crete’s stake could signal a strategic realignment or diversification of its investment portfolio.

Looking Ahead

As Mildef prepares for the delivery of this significant order, the company is also gearing up for its upcoming quarterly earnings report, expected on July 18, 2025. Analysts predict a strong performance, with earnings per share anticipated to reach 0.920 SEK, up from 0.580 SEK in the previous year.

In the broader market context, while defense companies like Saab and Mildef face challenges, the green stock market trend continues to gain momentum. Mildef’s strategic focus on expanding its defense capabilities and securing high-value contracts positions it well to navigate these market dynamics.

Overall, Mildef Group AB’s recent order from Kongsberg Defence & Aerospace marks a pivotal moment in its growth trajectory, reinforcing its status as a key player in the global defense industry.