Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) announces today that its subsidiary Marstrom Composite AB (“Marstrom”) has secured an order worth approximately SEK 24 million from a leading defence industry player in Northern Europe. The order comprises the supply of advanced composite products for defence-related applications, with deliveries scheduled for 2027.
“This order is further proof of Marstrom’s strong position as a supplier of advanced composite solutions to the international defence industry. We are seeing continued high demand from our customers and are continuing to invest in capacity to meet long-term market growth,” says Fredrik Lindblom, CEO of Marstrom Composite AB.
The order comes from a separate leading Western defence industry player and is independent of the previously announced framework agreement, which further illustrates Marstrom’s broad customer base within the international defence industry.
“This order demonstrates the continued demand for the specialist expertise available within Astor Group. Marstrom has built up a strong position through high quality, technical expertise and long-term customer relationships, which creates a solid foundation for continued growth in the defence market,” comments Martin Elovsson, CEO of Astor Group.
Marstrom Composite specialises in advanced carbon fibre composites and structural solutions for demanding environments. The company has extensive experience of supplying components to both the defence and civil sectors, where high demands are placed on strength, weight optimisation and reliability. In recent years, Marstrom Composite has invested in capacity, quality systems and production infrastructure to meet the increased demands of the defence sector.
Due to the nature of the industry, circumstances relating to clients and national security interests, no further information regarding this matter or the client will be made public.