on Scandinavian Astor Group AB (isin : SE0019175274)
Scandinavian Astor Group AB Secures Landmark Order
Scandinavian Astor Group AB's subsidiary, Oscilion, has secured its first commercial order for the "Astor Eclipse" drone shield system. The order, valued at SEK 21 million, comes from an undisclosed Western country and includes training and technical support. This development marks a significant milestone for the C-UAS product's commercialization. With short lead times, deliveries are expected to start this summer and conclude by the end of 2025.
In additional company news, Emelie Agnedal will join Astor as the Chief Business Development Officer on September 1, 2025. Agnedal brings extensive experience from her roles at MilDef and the Swedish military procurement agency FMV.
The company maintains a positive outlook, supported by strategic hires and orders signaling potential future growth. Analysts from NuWays AG reaffirm their "BUY" recommendation, setting a target share price of SEK 40.00.
R. H.
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