Solid State plc Overview
Pro stress-test →Solid State is a UK-based value-added electronics group supplying industrial and defense markets with durable components, assemblies and systems for critical applications, with core focus on ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components. The company's defense revenues have risen 57% over the past three years, significantly outpacing the UK's 25% defense spending increase.
Strategic Profile
Pro stress-test →The company's acquisition strategy aligns with the board's goal to grow the underlying core business and deliver EPS of 20p by 2030. Recent wins include orders across unmanned aerial vehicles, maritime technologies, portable medical devices, industrial applications and energy sectors, positioning Solid State to capitalize on structural defense spending increases across UK and NATO.
Competitive Landscape
Pro stress-test →Solid State operates across industrial computing, battery systems, communications, and component distribution, serving defense, industrial, medical, energy and autonomous systems markets. Primary competitors include larger diversified defense/electronics suppliers but Solid State's specialization in ruggedized systems and battery solutions provides differentiation.
Industry Context
Solid State plc operates in Electronic Components & Defense Electronics.
Key facts
Founded: 1963 · Headquarters: Redditch, UK · Revenue: ~£170m · Market cap: £93.6m