Redditch-based Solid State secures three year contract renewal

W Solid State PLC

Solid State, the Redditch computing and communications component manufacturer has secured a three year contract renewal with a global defence technology customer to supply components for its defence aerospace programme.

The contract, which has been awarded following the successful completion of the initial three year contract awarded to Solid State Supplies, will add approximately $800,000 to Solid State’s open order book in the first year, with a total value of $4.56m to be realised over its duration as staged delivery dates are confirmed.

John Macmichael, Managing Director of Solid State Supplies, said: “The renewal contract with this longstanding customer, who is very well-respected in its sector, is a testament to Solid State’s emphasis on good customer relationships and the market-leading nature of our value added products.”

In April, Solid State reported a positive trading update. Demand across the Group has been strong. The open order book on March 31 2021. was £41.3 million.

On the results, Gary Marsh, Chief Executive of Solid State, said: “The organic growth opportunities in our target structural growth markets provide an encouraging foundation fur the future growth prospects of the group.”