Inside information: Componenta's EUR 50 million deal with the Finnish Defence Forces confirmed

Componenta Corporation, insider information, 31 May 2024 at 3.30 p.m. EEST

Inside information: The Minister of Defence has today approved the proposal of the Ministry of Defence, supported by the Finance Committee, to acquire 120 mm shell-tailed compositions for the Defence Forces' grenade launchers during 2025-2028. The total value of the transaction is approximately EUR 50 million, including an option worth approximately EUR 9 million for 2028.

Yesterday, on 30 May, Componenta announced the favourable opinion of the Finance Committee on the above-mentioned The Ministry of Defence's proposal. The full release is available on our website www.componenta.com.

The current transaction has no impact on Componenta's profit guidance for 2024.

Sami Sivuranta, CEO and President of Componenta:

"Our long-standing cooperation with the Finnish Defence Forces will expand even further with this agreement. We are very committed to participating in this project and believe in developing and growing long-term cooperation also in the future. This entity also supports the goals of Componenta's strategy as the leading Finnish contract manufacturer in the mechanical engineering industry.”

 

COMPONENTA CORPORATION

Sami Sivuranta
President and CEO

For further information, please contact:
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101

Distribution:
NASDAQ Helsinki
Main media
www.componenta.com

Componenta Corporation is an international technology company and Finland’s leading contract manufacturer in the machine building industry. Sustainability and customer needs are at the core of the company’s broad technology portfolio. Componenta Corporation manufactures components for its customers, which are global manufacturers of machinery and equipment. The company’s stock is listed on Nasdaq Helsinki. www.componenta.com