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Clavister: Defense customer expects a surge in orders - ABG

Hägglund CEO says effect of war is still ahead of us...
...and expects sales to increase by a factor of eight
Clavister likely to benefit through new orders


Clavister's biggest Defense partner expects an 800% surge in sales

The CEO of BAE Systems Hägglunds (defense OEM), Tommy Gustafsson-Rask, was interviewed by Realtid about the high demand for its world-leading combat vehicle 90 (CV90), in which Clavister's cybersecurity is embedded. Hägglunds has increased its internal sales forecast substantially, from SEK 12bn in annual sales in the coming years to SEK 18-24bn because of high order intake and discussions with the Swedish military on a major CV90 order. With existing and potential new orders, Hägglunds CEO see sales increasing by 800% from today's levels, which we believe Clavister would benefit from as a supplier.
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