Solid State plc (LSE:SOLI), through its subsidiary Steatite Ltd, has been awarded a $10.8 million contract under Project CAIN, a key defense initiative for the UK Ministry of Defence. The agreement represents a major milestone in Steatite’s ongoing strategy to deliver advanced, mission-critical technology solutions to the UK’s armed forces.
The project will see Steatite supply ruggedized systems, including the MPU5 and Wave Relay Radio Technology, designed to enhance battlefield communication and situational awareness. This award further reinforces Solid State’s standing as a trusted provider of secure defense technologies and underscores its commitment to innovation and operational excellence within the defense sector.
Although the company continues to face pressure from softening profitability and valuation challenges — with technical indicators showing mixed momentum — its strong order pipeline and expanding defense portfolio could support a longer-term rebound.
More about Solid State plc
Solid State plc is a UK-based value-added electronics group that provides high-performance systems and components for industrial and defense applications, particularly in demanding environments. Operating through its Systems and Components divisions, the company specializes in rugged computing, secure communications, battery power solutions, imaging technologies, and electronic components. Solid State’s portfolio includes brands such as Steatite, Solsta, and Custom Power. Headquartered in Redditch, UK, the company employs over 400 staff and operates from 14 locations worldwide.
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