on FORTEC Elektronik Aktiengesellschaft (ETR:FEV)
FORTEC Power Secures $4.4 Million Defence Contract
FORTEC Elektronik Aktiengesellschaft has announced that its subsidiary, FORTEC Power GmbH, has secured a defence contract worth approximately USD 4.4 million. The contract involves supplying critical power solutions for defence applications. Deliveries are set for the financial years 2026/2027 and 2027/2028.
Jörg Traum, Managing Director of FORTEC Power, emphasized the company's expertise in reliable power solutions for safety-critical applications. He noted ongoing negotiations for similar projects, indicating promising growth in the sector. Ulrich Ermel, a board member, highlighted the strategic positioning of FORTEC in resilient markets.
The developments at FORTEC Power coincide with increased momentum in the data visualization and embedded systems sectors of FORTEC Integrated, paving a favorable outlook despite European economic challenges.
R. P.
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