Defence industry

“A downturn in the U.S. or global economy, and, in particular, in the aerospace and defense, oil and gas, process instrumentation or power markets could have an adverse effect on our business, financial condition and results of operations.”

Annual report 2025A · The company itself

“Electromechanical is a differentiated supplier of precision motion control solutions, highly engineered medical components and devices, thermal management systems, specialty metals and electrical interconnects.”

Annual report 2025A · The company itself

“Viimeisen neljänneksen liikevaihto oli vuoden paras päätyen 7,9 miljoonaa euroon, kun kysyntä kasvoi voimakkaasti Puolijohdeteollisuus-asiakassegmentissä ja kysyntä nousi merkittävästi myös Puolustus-, turvallisuus- ja ilmailu -asiakassegmentissä.”

Annual report 2024A · The company itself

“Puolustus-, turvallisuus- ja ilmailu -asiakassegmenttiin olemme vuoden 2024 aikana saaneet uusia asiakkuuksia ja kysynnän kasvun arvioidaan jatkuvan vuoden 2025 aikana sekä säilyvän vahvana myös pidemmällä aikavälillä.”

Annual report 2024A · The company itself

“Tilanteen positiivisen kehittymisen myötä etenkin Puolijohdeteollisuus- sekä Puolustus-, turvallisuus- ja ilmailu -asiakassegmenteissä, Aspocompin tilauskanta lähes tuplaantui 20 miljoonaan euroon.”

Annual report 2024A · The company itself

“Turvallisuus-, puolustus- ja ilmailuasiakassegmentin liikevaihto kasvoi 9 % ja oli 6,5 (6,0) miljoonaa euroa.”

Annual report 2024A · The company itself

“Proposal by the Board of Directors for the Distribution of the Dividend Shares and Share Capital The Group's Key Ratios Calculation of Key Ratios Directors Statement The Year 2025 in Brief A breakthrough year for the internationalization of the Defense business. The order backlog and EBITDA almost doubled.”

Annual report 2025A · The company itself

“Demand for tactical networks and radios grew significantly, and with orders received during the latter part of the year, the company raised its financial outlook for 2025.”

Annual report 2025A · The company itself

“Bittium Tough Mobile™ 2 Tactical is a complete solution that enables soldier mobile communications. The solution is based on the secure and rugged Bittium Tough Mobile 2 smartphone that is connected with either Bittium Tough SDR Handheld radio or third-party tactical radios. The solution is compatible with different battle management systems, which enables real-time and efficient sharing of situational awareness in tactical networks.”

Annual report 2025A · The company itself

“Bittium Tough Mobile™ 3 smartphone continues the Tough Mobile series of smartphones designed for extreme security needs. The Tough Mobile 3 enables absolute security, especially for governments, defense forces and government organizations, against the ever-increasing security threats. Based on the Android™ operating system, the Tough Mobile 3 is a 5G smartphone that combines government-grade security with military-grade durability.”

Annual report 2025A · The company itself

“Bittium Tactical Wireless IP Network™ (TAC WIN) is a Software-Defined Radio based wireless broadband network system intended for military and public safety use.”

Annual report 2025A · The company itself

“Bittium Tough SDR™ product family consists of Bittium Tough SDR Handheld, tactical radio for dismounted soldiers, and Bittium Tough SDR Vehicular, two-channel tactical radio for vehicle installations. The uniquely wide range of frequency bands of the radios improves combat survivability, and using several waveforms, even simultaneously, improves compatibility and enables operations on different levels and missions.”

Annual report 2025A · The company itself

“Bittium Tough VoIP™ product family’s products enable tactical IP calls and broadband data transfer even in demanding conditions. The product family consists of a range of tactical IP-based communication products, including Bittium Tough Comnode device and Bittium Tough VoIP Field Phone 2 as well as Bittium Tough VoIP Service and Bittium Tough VoIP Softphone software products.”

Annual report 2025A · The company itself

“Bittium Tactical Device Management™ s an advanced system that enables secure deployment and operative use for tactical communication devices. With the system, different defense forces can maintain sovereign, centralized, and efficient control over Bittium’s tactical devices. The system enables the preparation of the devices for operative use and management of the devices during operative use, including commissioning, software updates, and key management.”

Annual report 2025A · The company itself

“The development of net sales was particularly driven by the significant growth in sales in the Defense & Security Business Segment. Product-based net sales were EUR 87.4 million (EUR 52.0 million), representing 73.2 percent of total net sales (61.0 percent).”

Annual report 2025A · The company itself

“Tactical and Secure Data Transfer and Communication systems Defense & Security business segment, Bittium offers globally leading products, services, and systems for its customers in the defense, security, and authority markets.”

Annual report 2025A · The company itself

“Bittium Tough Mobile 2 C smartphone together with Bittium Secure Suite software form a smartphone-based communication solution that has been approved for CONFIDENTIAL security level (NCSA-FI) use and and the Bittium Tough Mobile 2 C smartphone, Bittium Secure Suite software and Bittium Secure Call communication application are approved for NATO RESTRICTED level use.”

Annual report 2025A · The company itself

“Bittium TAC WIN is an excellent data transfer solution for different defense branches as well as weapon systems and unmanned vehicle platforms due to its mobility, low latency, and high data transfer capacity features.”

Annual report 2025A · The company itself

“The need for EU countries to strengthen their common defense has also created new business opportunities in the Engineering Services business segment. Demand has increased for a wide range of products and solutions manufactured in Europe and NATO member states. Bittium focuses on defense industrial players in Europe, which have a variety of high-tech smart devices serving the defense sector in their product portfolio..”

Annual report 2025A · The company itself

“The collaboration with Edge Impulse, a Qualcomm company, is the first step in developing AI offerings and partnerships The need for European countries to strengthen common defense has also created new business opportunities for the Engineering Services Business Segment. Demand has increased for various products and solutions manufactured in Europe and NATO member countries. Bittium is uniquely positioned to meet the demand for R&D services in the defense market thanks to its reputation, strong expertise, and market knowledge. The company focuses on industrial players in the defense industry in Europe, which have various high-tech smart devices serving the defense sector in their product portfolios.”

Annual report 2025A · The company itself

“In addition, Bittium, the Finnish Defence Forces and the Swedish Defence Forces signed a framework agreement in the field of command and control systems. The agreement enables the procurement of Bittium's tactical communication systems and products, softwarebased radios, as well as security software and phones.”

Annual report 2025A · The company itself

“In our BDS business, we anticipate that the effects of defense industry consolidation, shifting acquisition and budget priorities, the entry and growth of private capital-backed and other non-traditional defense companies, and continued cost pressure at our DoW and non-U.S. customers will intensify competition for many of our BDS products.”

Annual report 2025A · The company itself

“When our estimated costs exceed our estimated price, we recognize reach-forward losses which can significantly affect our reported results. For example, during 2024, BDS recorded $5.0 billion of additional losses on its five most significant fixed-price development programs (KC-46A Tanker, T-7A Red Hawk, Commercial Crew, VC-25B Presidential Aircraft, and MQ-25), which also affect cash flows in future periods.”

Annual report 2025A · The company itself

“Defense, Space & Security Segment This segment engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, including fighter and trainer aircraft; vertical lift, including rotorcraft and tilt-rotor aircraft; and commercial derivative aircraft, including anti-submarine and tanker aircraft.”

Annual report 2025A · The company itself

“Third-party sales for the Engine Products segment increased $585, or 16%, in 2025 compared with 2024, primarily due to growth in the commercial aerospace, defense aerospace, and gas turbines markets, including engine spares growth.”

Annual report 2025A · The company itself

“Third-party sales for the Engineered Structures segment increased $83, or 8%, in 2025 compared with 2024, primarily due to growth in the defense aerospace market.”

Annual report 2025A · The company itself

“Engine Products 2025 2024 2023 Third-party sales $ 4,320 $ 3,735 $ 3,266 Segment Adjusted EBITDA 1,438 1,150 Engine Products produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and gas turbine applications. Engine Products produces rotating parts as well as structural parts, which are sold directly to customers.”

Annual report 2025A · The company itself

“Overview Howmet is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged aluminum wheels for commercial transportation.”

Annual report 2025A · The company itself

“Howmet is currently under contract to supply components for a number of existing and new commercial, general aviation, military aircraft, and aircraft engine programs.”

Annual report 2025A · The company itself

“RTX Corporation and GE Aerospace each represented approximately 11% of the Company’s third-party sales for the year ended December 31, 2025. These sales were primarily from the Engine Products segment.”

Annual report 2025A · The company itself

“Genom effektiv produktion, hög leveranssäkerhet och närvaro i snabbt växande branscher som batteritillverkning, återvinning och försvarsindustrin har divisionen befäst sin ledande position.”

Annual report 2024A · The company itself

“I Europa noterades en återhämtning efter en svag start på året, särskilt i Norden/Baltikum och Storbritannien, med ökad efterfrågan inom bland annat livsmedel, försvarsindustrin och jordbrukssektorn.”

Annual report 2024A · The company itself

“Order har tagits i prioriterade segment som metallåtervinning och försvarssektorn.”

Annual report 2024A · The company itself

“En av divisionens stora order i försvarsindustrin togs av det under året förvärvade kanadensiska Duroair Technologies. Bolagets flexibla inkapslingsoch filtreringssystem kompletterar divisionens erbjudande och skapar nya möjligheter inom försvarsoch flygindustrin i Nordamerika.”

Annual report 2024A · The company itself

“FÖRVÄRV AV RÖRELSER Duroair Technologies Den 30 augusti 2024 förvärvade Nederman 100 procent av aktierna i det kanadensiska bolaget Duroair Technologies Inc. och 100 procent av aktierna i det amerikanska bolaget Duroair Technologies USA Inc.”

Annual report 2024A · The company itself

“Duroair Kanadensiska Duroair Technologies har en unik marknadsposition när det gäller att designa, tillverka och sälja klimatkontrollerad luftfiltrering med USA och Kanada som huvudmarknader. Förvärvet stärker Nedermans erbjudande av bland annat lösningar till försvarsindustri och flygteknik.”

Annual report 2024A · The company itself

“Vi ser en fortsatt stark efterfrågan inom våra tillväxtområden – energi, elektrifiering, försvar, inbyggda system och cybersäkerhet.”

Annual report 2024A · The company itself

“Prevas erfarenhet och kompetens matchar försvarsindustrins krav på avancerad teknik, tillförlitlighet och miljötålighet. ska kunna bli klimatneutralt.”

Annual report 2024A · The company itself

“Vi har vidtagit åtgärder för att stärka våra marginaler genom att anpassa organisationen till efterfrågan. Samtidigt har vi växt inom expansiva områden som energi och försvar där behovet av teknisk expertis varit särskilt stort.”

Annual report 2024A · The company itself

“Verkstad Life Science Produkter & enheter Försvar Energi Fordon & transport Stål & Mineral Telekom Verkstadsindustrin förändras genom satsningar på kompetens och investeringar läkemedelsbranschen.”

Annual report 2024A · The company itself

“Det ger oss en konkurrensfördel i ett tuffare marknadsklimat och stärker vår position som ett premiumbolag – ett företag som inte bara möter framtidens utmaningar, utan också aktivt formar dem. • • Utveckling av avancerade testsystem för försvarsindustrin.”

Annual report 2024A · The company itself

“Rovsing is dependent on a few large and longstanding customers. The European Space Agency, ESA (end customer), typically delegates the overall responsibility for a space programme to the largest European space companies – Airbus Defense & Space, Thales Alenia Space or OHB (”Prime Contractors”) – through contracts.”

Annual report 2025A · The company itself

“The focus is to strengthen the core Space business and extend into adjacent Defense markets where our expertise in mission-critical testing and software validation provides clear synergies. • • By combining organic growth, strategic acquisitions, and customer-driven innovation, Rovsing is positioned to scale faster, broaden our market reach, and deliver sustainable long-term value to shareholders and stakeholders alike.”

Annual report 2025A · The company itself

“During 2024/25 Rovsing has intensified efforts related to further opportunities, matching the Company’s expertise, concerning mainly Defence and Critical Infrastructures on Danish and European level to broaden the scope of business in close cooperation with Prime Contractors and other potential partners. faster, broaden our customer base, and increase resilience.”

Annual report 2025A · The company itself

“We are actively evaluating acquisitions and partnerships that enhance our core capabilities in space testing while opening new opportunities in adjacent Defense verticals, where our competencies in missioncritical test and validation solutions are highly relevant.”

Annual report 2025A · The company itself

“Rovsing A/S (Rovsing) develops, manufactures and delivers systems for functional and electrical testing of critical infrastructure such as spacecrafts (primarily satellites) and their payloads.”

Annual report 2025A · The company itself

“Rovsing also provides engineering services for large corporations in the space & defense industry at various locations in Europe.”

Annual report 2025A · The company itself

“The main customers of Rovsing are European and USbased Large System Integrator (LSI) such as Airbus DS, Thales Alenia Space, OHB, Boeing and their key sub-suppliers.”

Annual report 2025A · The company itself

“In particular, in 2023, Pratt & Whitney determined that a rare condition in powder metal used to manufacture certain engine parts requires accelerated inspection of the PW1100 GTF fleet, which powers the A320neo family of aircraft. This 19 Table of Contents determination and corresponding fleet actions have resulted in, and are expected to continue to result in, an elevated level of aircraft on ground for the A320neo family of aircraft and significant incremental shop visits necessary to perform inspections on PW1100 GTF engines through the end of 2026.”

Annual report unknown yearA · The company itself

“Our defense business in particular requires qualified personnel with security clearances due to our classified programs.”

Annual report unknown yearA · The company itself

“BUSINESS General RTX Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military, and government customers worldwide.”

Annual report unknown yearA · The company itself

“Raytheon is a leading provider of defensive and offensive threat detection, tracking and mitigation capabilities for U.S. and foreign government and commercial customers. Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics, and missile defense across land, air, sea, and space.”

Annual report unknown yearA · The company itself

“Many of our products and services include both hardware and software that involve industrial machinery and intricate aviation and defense systems, including commercial and military jet engines, power and control systems, and other aircraft parts, air and missile defense systems, and military sensors and command and control systems.”

Annual report unknown yearA · The company itself

“Revenue Recognition - Contract Estimates at Completion As described in Note 1 to the consolidated financial statements, the majority of the Company’s revenues of $88.6 billion for the year ended December 31, 2025, are from long-term contracts associated with the design, development, manufacture or modification of complex aerospace or defense equipment or related services.”

Annual report unknown yearA · The company itself

“Collins sells aerospace and defense products and services to aircraft manufacturers, airlines, airports and other aircraft operators, the U.S. and foreign governments, defense contractors, maintenance, repair, and overhaul providers, and independent distributors around the world.”

Annual report unknown yearA · The company itself

“The Collins and Pratt & Whitney segments primarily serve commercial and government customers in both the original equipment manufacturer and aftermarket parts and services markets of the aerospace industry, while the Raytheon segment primarily provides products and services to government customers in the defense industry.”

Annual report unknown yearA · The company itself

“Aerospace & Defense together with Energy & Cleantech ae expected to drive the demand.”

Annual report 2025A · The company itself

“Very strong development with defense customers inside of the customer group.”

Annual report 2025A · The company itself

“Scanfil seeks to broaden its customer base and expand its geographical presence through acquisitions, thereby strengthening its position in the strategic Aerospace & Defense and Medtech & Life Science sectors.”

Annual report 2025A · The company itself

“Through acquisitions, Scanfil aims to bring in new customers, strengthen its foothold in strategic growth sectors – Aerospace & Defense and Medtech & Life Science – and expand geographical presence.”

Annual report 2025A · The company itself

“ADCO Circuits, acquisition completed in December, expands our footprint in the Americas region and brings a strong customer portfolio in the fast-growing Aerospace & Defense business.”

Annual report 2025A · The company itself

“MB Elettronica, acquisition completed in January 2026, enhances Scanfil’s footprint in Southern Europe with a strong portfolio in Aerospace & Defense and Medtech & Life Science customer groups.”

Annual report 2025A · The company itself

“This strategic acquisition accelerates Scanfil’s growth, especially in the Aerospace & Defense industry, which generated 40% of MB’s turnover in 2025.”

Annual report 2025A · The company itself

“Utöver de affärsmöjligheter som skapas av omställningen i Europa ser Sweco även tillväxt inom områden som säkerhet och försvar, sjukvård och läkemedel.”

Annual report 2024A · The company itself

“Sweco noterade även ökande efterfrågan inom segment som försvar och säkerhet, läkemedelsindustrin och datacenter.”

Annual report 2024A · The company itself

“Utöver de affärsmöjligheter som skapas av Europas gröna omställning ser Sweco även tillväxt inom segment som försvar och säkerhet, datacenter, sjukvårdsanläggningar och läkemedel. Sweco fortsätter att stödja sina kunder i dessa segment och bolaget har en bra position för att skapa fortsatt tillväxt för verksamheten.”

Annual report 2024A · The company itself

“Sweco har tilldelats ett fyraårigt ramavtal värt cirka 238 MSEK av fastighetsförvaltaren för Danmarks försvarsmakt. Sweco tillhandahåller strategisk rådgivning rörande byggnation, underhåll, utveckling och hållbarhet förmilitära fastigheter i Danmark samt på Färöarna och Grönland.”

Annual report 2024A · The company itself

“I flera decennier har Swecos experter varit pålitliga rådgivare till både privata och offentliga kunder inom försvars- och säkerhetssektorn i Europa. Efterfrågan på expertis inom stärkt totalförsvar under 2024 var särskilt kopplad till samhällskritisk infrastruktur för militära och civila fastigheter, transport, energi och vatten.”

Annual report 2024A · The company itself

“Rekordhög orderingång om SEK 97 miljarder drivet av en hög efterfrågan som resulterat i en orderstock om SEK 187 miljarder.”

Annual report 2024A · The company itself

“Risker i utveckling av nya högteknologiska system och teknologiskiften Saabs framgång är beroende av förmågan att utveckla och tillverka innovativa produkter och lansera dem på marknaden i rätt tid och till konkurrenskraftiga priser. Långa utvecklingscykler gör också att omvärldsförändringar kan leda till att behovet ser annorlunda ut när produkterna är redo att erbjudas till marknaden. Risken är att produkterna inte ger den tidigare bedömda avkastningen.”

Annual report 2024A · The company itself

“Vid avtalens ingående finns i vissa fall inte någon produkt framtagen. Avtalen ingås dessutom ofta med en fastpriskomponent vilket kan innebära risk för felaktig prissättning om kostnaderna inte kunnat uppskattas på ett adekvat sätt.”

Annual report 2024A · The company itself

“En stor andel av Saabs intäkter kommer från ett begränsat antal kunder och relativt få kontrakt. Saab är därför beroende av att vinna nya kontrakt på en begränsad marknad, eftersom det endast finns ett visst antal stater och försvarsföretag att sälja till.”

Annual report 2024A · The company itself

“Saab är beroende av leveranser från underleverantörer av exempelvis delsystem, komponenter och utrustning. För vissa delsystem är Saab beroende av leveranser från en enda, eller ett fåtal, leverantörer.”

Annual report 2024A · The company itself

“Leverantörerna måste också dela samma värderingar som uttrycks i Saabs uppförandekod för leverantörer och ha en hållbar produktion för att inte negativt påverka Saab. Det är en risk att leverantörer undviker att göra affärer med försvarsföretag för att undvika att anses som icke hållbara.”

Annual report 2024A · The company itself

“Saabs verksamhet påverkas också av tillstånd, licenser, patent och annan immaterialrätt. • Policy om nolltolerans för mutor och korruption samt åtagande om att respektera mänskliga rättigheter i linje med gällande lagstiftning över hela världen och relevanta globala ramverk. • Strikt prövning av marknadskonsulter och affärspartners.”

Annual report 2024A · The company itself

“Surveillance har: • Världens största kundbas inom flygburen övervakning (genom GlobalEye och Erieye). • En världsledande position inom ytbaserade radarsystem för luftvärn, vapenlokalisering och detektion och varning.”

Annual report 2024A · The company itself

“Combitech har en stark position inom dessa områden och utvidgar sin kärnkompetens genom stabil acceleration inom militärt och civilt försvar, försvarsindustrin, telekomindustrin inklusive kritisk kommunikation, och gruvsektorn.”

Annual report 2024A · The company itself

“De viktigaste prioriteringarna är att leverera på våra kundåtaganden och öka produktions-kapaciteten samtidigt som man fortsätter att investera i framtida teknikförmågor.”

Annual report 2024A · The company itself

“Mål på medellång sikt Med en stark orderstock, fortsatt hög efterfrågan på produktportföljen och genom att ytterligare tidigarelägga betydande investeringar, höjer Saab målet för den organiska försäljningstillväxten för 2023–2027 till cirka 18% (genomsnittlig årlig tillväxttakt, ”CAGR”), från tidigare cirka 15%.”

Annual report 2024A · The company itself

“Väsentliga händelser efter periodens slut På grund av den höga efterfrågan på den passiva EW-sensorn Sirius Compact meddelade Saab att man startar serieproduktion 2025. En ny tillverkningsanläggning kommer att öppnas i Tammerfors för att tillgodose expansionen.”

Annual report 2024A · The company itself

“• För att minska risken är samarbete mellan olika nationer av stor vikt för större system. För egenutvecklade produkter är det viktigt att tidigt identifiera första kund. • Det är Saabs bedömning att Sverige kommer att stå för den största andelen av satsningar på utveckling inom stridsflyg-, missil- och undervattensområdena. • Investeringar i produktinnovationer som leder till minskat klimatavtryck från användningen av Saabs produkter samt effektivitetsåtgärder inom Saabs processer och anläggningar.”

Annual report 2024A · The company itself

“Förtroendet från allmänheten och det politiska systemet är tillsammans med medarbetarnas stolthet över företaget en förutsättning för Saabs långsiktiga lönsamhet och framtid. Saab är medvetet om att verksamheten i vissa delar av världen medför högre risker för potentiella kränkningar av mänskliga rättigheter, inte bara i den egna organisationen utan också genom samarbetspartners och i leverantörskedjan.”

Annual report 2024A · The company itself

“Vårt uppdrag är att hålla människor och samhällen säkra. Med en vision om att vara ledande inom innovation, säkerhet och försvar utvecklar vi avancerad teknik som skyddar det som är viktigast. Saab började som en flygplanstillverkare och har sedan dess utvecklats till en global ledare inom försvars-, flyg- och säkerhetslösningar.”

Annual report 2024A · The company itself

“Saab har definierat fem kärnområden där bolaget har en stark marknadsposition och en ledande produktportfölj. Kärnområdena är stridsflygsystem, avancerade vapensystem, sensorer, ledningssystem och undervattenssystem.”

Annual report 2024A · The company itself

“Saabs senaste stridsflygplan, Gripen E, är certifierat för militär användning av både det svenska och brasilianska flygvapnet. Gripen E har flera nya funktioner inklusive sensorer i toppklass, utökad vapenförmåga och elektroniska störkapslar.”

Annual report 2024A · The company itself

“Saab erbjuder kompletta ledningssystem för landbaserade, flygbaserade och marina tillämpningar, och har en särskilt stark ställning på den marina sidan. Portföljen sträcker sig från eldledningssystem till fullt integrerade stridsledningssystem.”

Annual report 2024A · The company itself

“Saab är en ledande leverantör av marina system, framförallt till den svenska marinen. Erbjudandet sträcker sig från ytfartyg med smygegenskaper (”stealth”) till avancerade konventionella ubåtar, autonoma undervattenssystem och stridsbåtar.”

Annual report 2024A · The company itself

“Saabs system för markstrid har idag en ledande marknadsposition. Kriget i Ukraina har vidare bevisat att bärbara pansarvärnsvapen för olika uppgifter är väldigt effektiva.”

Annual report 2024A · The company itself

“Saab är en världsledande leverantör av sensorer, radarteknik och system för elektronisk krigsföring. I portföljen finns system som radarfamiljen Giraffe och den avancerade lösningen för flygburen övervakning, GlobalEye Airborne Early Warning and Control (AEW&C).”

Annual report 2024A · The company itself

“Linköping (Sverige), West Lafayette (USA) Nyckelkunder USA, Tyskland, Frankrike, Storbritannien Lösningar Underhållslösningar, support och service för ett brett spektrum av förmågor på flygsidan inklusive Gripen och GlobalEye liksom andra flygplan och helikoptrar. Kompletta och fristående supportlösningar till försvarsmakter, civila myndigheter, operatörer och OEMs (original equipment manufacturers).”

Annual report 2024A · The company itself

“Linköping, Nyköping, Arboga, Ljungbyhed, Östersund (Sverige) Nyckelkunder Sverige, Brasilien, Förenade Arabemiraten samt civila aktörer i cirka 40 länder Lösningar Huvudsaklig affärsenhet för de kompletta vapensystemen Gripen C/D/E/F.”

Annual report 2024A · The company itself

“• Brett utbud av avancerade kamouflagesystem och ledande ledningssystem. Rekordhög orderingång på över SEK 50 miljarder, med flera ordrar på markstrids- och robotsystem.”

Annual report 2024A · The company itself

“Affärsområde Surveillance erbjuder lösningar i världsklass för övervakning, ledningssystem och självskydd för applicering inom försvar och säkerhet. Surveillance utvecklar världsledande sensorsystem för luftburna, markbaserade och marina plattformar. Systemen har hög prestanda och är kompakta, robusta och användarvänliga, med ett ökande fokus på programvara och AI.”

Annual report 2024A · The company itself

“• Radar- och telekrigssystem • Integrerade ledningssystem • Systemintegrering • Flyg- och sjöövervakning • GBAD, C-RAM, C-UAS , WLR, ESM, ELINT, COMINT* Verksamhetsorter Göteborg, Järfälla, Halmstad och Linköping (Sverige), Fareham och Farnborough (Storbritannien), Syracuse (USA), Helsingfors och Tammerfors (Finland), Halden (Norge) Avancerade system för naval strids- och eldledning. Globalt driftsatta lösningar med över 100 system i användning idag, i 30 kundländer.”

Annual report 2024A · The company itself

“• Support och underhåll • Uppgraderingar Verksamhetsorter Järfälla och Karlskrona (Sverige), Adelaide (Australien), Sønderborg (Danmark), Tammerfors och Åbo (Finland), Wilhelmshaven (Tyskland), Gdansk (Polen) Modulära, multifunktionella, distribuerade och uppkopplade system för stridsflyg och andra flygburna plattformar, i över 20 kundländer.”

Annual report 2024A · The company itself

“• System för telekrig • Radarsystem • Avionik Verksamhetsorter Sverige, Sydafrika, Tyskland Design och integration av innovativa kommunikationsoch stridsledningslösningar i världsklass för modernisering av försvar, i och tvärs samtliga domäner.”

Annual report 2024A · The company itself

“Affärsområde Kockums har en omfattande och lång erfarenhet av att utveckla avancerade farkoster och plattformar för marint bruk, på och under ytan. Med ett av världens mest moderna varv är Kockums ledande inom utveckling, produktion, uppgradering och vidmakthållande av ubåtar, ytfartyg och marina system.”

Annual report 2024A · The company itself

“Genom världsledande teknologi erbjuder Kockums konventionella ubåtar med en flexibel konfiguration som möter de olika behoven hos marinstridskrafter världen över. Flexibiliteten säkerställer också att uppgraderingar och modifieringar kan genomföras på ett effektivt sätt under hela ubåtens livscykel vilket möjliggör anpassningar till framtida behov. Kockums ytfartyg är utformade för påfrestande miljöer och har unika egenskaper vad gäller hastighet, chock- och stötupptagningsförmåga samt smygförmåga.”

Annual report 2024A · The company itself

“Kockums erbjuder även tjänster som grundläggande design och materialteknik, men också delsystem såsom överbyggnader och integrerade master i kompositmaterial. Vidare levererar Kockums även avancerade plattformar med multifunktionalitet för spaning, ytstrid, ubåtsjakt, operationer på havsbotten, minröjning eller sjöövervakningsuppdrag.”

Annual report 2024A · The company itself

“Combitech har gedigen expertis i förmågor som bidrar till ett smart och motståndskraftigt samhälle inom områden som totalförsvar, cybersäkerhet, digitalisering, systemutveckling och integration, produktutveckling, säker kommunikation och autonomi. Med över 40 års erfarenhet av civilt och militärt försvar använder Combitech sin kunskap och kompetens över olika sektorer för att leverera avancerade lösningar på komplexa utmaningar till sina kunder.”

Annual report 2024A · The company itself

“Saab bedriver utveckling, produktion och leverans av tekniskt avancerade system och produkter till militära och civila kunder över hela världen.”

Annual report 2024A · The company itself

“Cirka 90 procent av Saabs omsättning utgörs av försäljning av försvarsmateriel, som regleras av nationella lagar och förordningar samt internationella överenskommelser, och mer än hälften av den totala försäljningen är internationell.”

Annual report 2024A · The company itself

“Den amerikanska armén väljer Saabs AT4-lösning för sitt program för Individual Assault Munitions under de kommande fem åren.”

Annual report 2024A · The company itself

“• Live-träning och live fire-träning • Virtuell träning • Support och service Verksamhetsorter Sverige, Tjeckien, Tyskland, USA, Storbritannien, Polen Nyckelkunder 40+ länder globalt inklusive USA, Storbritannien, Polen, Sverige och Tyskland Supportpartner till våra kunder.”

Annual report 2024A · The company itself

“• Underhåll, support och uppgraderingar Verksamhetsorter Docksta, Muskö (Sverige) Nyckelkunder Sverige, Tyskland, Polen, Peru Submarines Surface Ships Docksta Undervattenslösningar som ger pålitliga och avancerade förmågor i teknisk framkant till marina styrkor och kommersiella partners.”

Annual report 2024A · The company itself

“Ett tioårigt avtal om SEK 1,2 miljarder tecknades med Försvarets Materielverk (FMV) som omfattar tjänster och tekniskt bistånd till den svenska arméns digitala infrastruktur för ledningsstöd.”

Annual report 2024A · The company itself

“Saab tecknade ett kontrakt med Försvarets materielverk (FMV) och tog emot en beställning på ytterligare fyra Gripen C-stridsflygplan till Ungern. Tilläggsavtalet innebär att Ungern får en stridsflygflotta med totalt 18 Gripen C/D som skyddar och försvarar landets och Natos luftrum.”

Annual report 2024A · The company itself

“Saab tecknade ett kontrakt med det polska försvarsdepartementets upphandlingsmyndighet gällande leverans av granatgeväret Carl-Gustaf M4, ammunition och träningsutrustning. Ordervärdet motsvarar SEK 12,9 miljarder och kontraktsperioden är 2024-2027.”

Annual report 2024A · The company itself

“Saab erhöll en order från Försvarets materielverk (FMV) på konceptstudier om framtida stridsflygförmåga. Kontraktsperioden är2024-2025 och studierna inkluderar bemannade och obemannade lösningar i system-av-system, teknikutveckling samt demonstratorer.”

Annual report 2024A · The company itself

“Saab meddelade att man tagit emot en order från Airbus Defence and Space gällande sensorlösningen Arexis till en telekrigsvariant av Tysklands Eurofighters. Kontraktsperioden är 2024-2026.”

Annual report 2024A · The company itself

“Saab tecknade ett kontrakt med Försvarets materielverk (FMV) gällande leverans av ett tredje spanings- och ledningsflygplan av typen GlobalEye till Sverige. Ordervärdet är cirka SEK 2,6 miljarder och leveransperioden är 2024-2029.”

Annual report 2024A · The company itself

“30 augusti Annonserade Saab att USA:s armé valt Saabs axelburna engångsvapen AT4 för sitt militära Individual Assault Munition (IAM) program. Det femåriga ramavtalet med U.S. Army innebär att kunden kan lägga beställningar upp till ett maxbelopp på totalt USD 494 miljoner (cirka SEK 5 miljarder) under perioden.”

Annual report 2024A · The company itself

“Saab meddelade att man har tecknat kontrakt med Försvarets materielverk (FMV) gällande modernisering av Sveriges tunga kustrobotförmåga. Ordervärdet är totalt SEK 800 miljoner och leveranser kommer att inledas under 2026.”

Annual report 2024A · The company itself

“En stor del av Saabs produktförnyelse har skett i samarbete med den svenska Försvarsmakten och Försvarets materielverk (FMV) samt i samarbete med andra nationer.”

Annual report 2024A · The company itself

“Risks Related to our Strategy Our business focuses almost exclusively on the aerospace and defense industry. A period of significant market disruption in the aerospace and defense industry, or other macroeconomic factors, may disproportionately disrupt our business compared to more diversified peer companies.”

Annual report 2025A · The company itself

“BUSINESS The Company TD Group, through its wholly-owned subsidiary, TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components that are critical to the safe and effective operation of nearly all commercial and military aircraft worldwide. Our products are represented in nearly every commercial and military aircraft in service today. Our business is well diversified due to the broad range of products we offer to our customers. We estimate that approximately 90% of our net sales for fiscal year 2025 were generated by proprietary products.”

Annual report 2025A · The company itself

“Customers We predominantly serve customers in the commercial, regional, business jet and general aviation aftermarket, which generally account for 30% to 35% of our annual net sales; the commercial aerospace OEM market, comprising large commercial transport manufacturers and regional and business jet manufacturers, which generally account for 25% to 30% of our annual net sales; and the defense market (which includes defense OEMs and aftermarket sales to the U.S. and friendly foreign governments), which generally account for approximately 35% to 40% of our annual net sales.”

Annual report 2025A · The company itself

“Our customers include: (1) distributors of aerospace components; (2) worldwide commercial airlines, including national and regional airlines; (3) large commercial transport and regional and business aircraft OEMs; (4) various armed forces of the United States and friendly foreign governments; (5) defense OEMs; (6) system suppliers; and (7) various other industrial customers.”

Annual report 2025A · The company itself

“Our sales to manufacturers of large commercial aircraft, such as Boeing, Airbus, and related OEM suppliers, as well as manufacturers of business jets have historically experienced periodic downturns.”

Annual report 2025A · The company itself

“Companies engaged in supplying defense-related equipment and services to U.S. Government agencies, whether through direct contracts with the U.S. Government or as a subcontractor to customers contracting with the U.S. Government, are subject to business risks specific to the defense industry.”

Annual report 2025A · The company itself

“Traction undviker även engagemang i företag som utvecklar och säljer krigsmateriel även om sådana företag dessvärre behövs för att säkerställa fria öppna samhällen.”

Annual report 2024A · The company itself

“Defence The Group is a well-known and trusted provider of marine and engineering consulting services to the maritime defence sector.”

Annual report 2024A · The company itself

“Embedded products address computing needs in aerospace and defense, automotive, industrial, vision and healthcare, communications infrastructure, test and measurement, emulation and prototyping, audio, video and broadcasting, and data center.”

Annual report 2025A · The company itself

“Inom försvarssektorn var efterfrågan hög medan den inom fordonsindustrin och livs- och läkemedelsindustrierna var stabil.”

Annual report 2024A · The company itself

“Growth is expected, in particular, within construction equipment, material handling, commercial vehicles, and defence, while demand in the forestry segment is expected to remain subdued in 2026.”

Annual report 2025A · The company itself

“Efterfrågan minskade mest bland små och medelstora företag framför allt inom branschsegmentet byggindustri. Detta motverkades delvis genom förvärv och ökad efterfrågan från större industrikunder och offentlig verksamhet, exempelvis försvarsindustrin.”

Annual report 2024A · The company itself

“Other Other primarily includes the MSG business, which enters into long-term contracts with the U.S. government to provide water and wastewater services on military installations.”

Annual report 2025A · The company itself

“Military Services Group MSG operates on 18 military installations under 50-year contracts with the U.S. government as part of its Utilities Privatization Program. The scope of these contracts generally includes the operation and maintenance of the installation’s water and wastewater systems and a capital program focused on asset replacement and, in certain instances, systems expansion.”

Annual report 2025A · The company itself

“Revenue Recognition ​ The Company’s primary source of revenues consist of product sales to either end customers and their appointed contract manufacturers (including original equipment manufacturers) or to distributors.”

Annual report 2025A · The company itself

“Under some of our government subcontracts, we are required to maintain secure facilities and to obtain security clearances for personnel involved in performance of the contract, which can be time-consuming and costly. If we are unable to comply with these requirements, or if personnel critical to our performance of these contracts are unable to obtain or maintain their security clearances, we may be unable to perform these contracts or compete for other projects of this nature, which could adversely affect our revenue.”

Annual report 2025A · The company itself

“Further, we sell to customers in industries such as automotive (including autonomous vehicles), aerospace, defense, healthcare and industrial, where failure of the systems in which our products are integrated could cause damage to property or persons.”

Annual report 2025A · The company itself

“If we fail to comply with government contracting regulations, we could suffer a loss of revenue or incur price adjustments or other penalties. Some of our revenue is derived from contracts with agencies of the United States government and subcontracts with its prime contractors. As a United States government contractor or subcontractor, we are subject to federal contracting regulations, including the Federal Acquisition Regulations, which govern the allowability of costs incurred by us in the performance of United States government contracts.”

Annual report 2025A · The company itself

“Under året genomförde Annehem bland annat större investeringar i Saabs och Lunds universitets lokaler i Ljungbyhed Park.”

Annual report 2024A · The company itself

“Principal Products and Services Risk Capital Commercial Risk Solutions uses Risk Capital’s extensive data and analytics capabilities to provide brokerage and consulting services that help organizations develop, improve, and implement their risk management strategies. Commercial Risk Solutions includes insurance and specialty brokerage, global risk consulting, captives management, and Affinity programs.”

Annual report 2025A · The company itself

“Risk Capital Commercial Risk Solutions revenue increased $636 million, or 8%, to $8.5 billion in 2025, compared to $7.9 billion in 2024. Organic revenue growth was 6% in 2025, reflecting strong growth in North America and EMEA, driven by net new business and ongoing strong retention. Performance was highlighted by strong growth in U.S. core P&C and double-digit increases in M&A services and construction.”

Annual report 2025A · The company itself

“In the U.K., Apollo is considered the controller of certain insurance company (or equivalent) subsidiaries of Catalina Holdings (Bermuda) Ltd. (“Catalina”), including Catalina Worthing Insurance Limited.”

Annual report 2025A · The company itself

“Additionally, the Company is making incremental investments to further develop and grow the aerospace & defense and telecommunications businesses and product offerings for the reporting unit.”

Annual report 2025A · The company itself

“We are one of the largest vehicle technology suppliers and our customers include the 25 largest automotive original equipment manufacturers (“OEMs”) in the world, as well as many of the leading aerospace and defense companies and global telecom operators.”

Annual report 2025A · The company itself

“The primary customers served by BD Life Sciences are hospitals, laboratories and clinics; blood banks; healthcare workers; physicians’ office practices; academic and government institutions; and pharmaceutical and biotechnology companies.”

Annual report 2025A · The company itself

“(“PCC”), based in Lake Oswego, Oregon, manufactures complex metal components and products and provides high-quality investment castings, forgings, fasteners/fastener systems and aerostructures for critical aerospace and power and energy applications. PCC also manufactures (1) investment castings and forgings for general industrial, armament, medical and other applications; (2) nickel, titanium and cobalt alloys in all standard mill forms, including specialty alloys used to produce investment castings and forgings for the aerospace, chemical processing, oil and gas, pollution control and other industries; (3) fasteners and engineered products for automotive and general industrial markets; and (4) other products and services for various markets and applications.”

Annual report unknown yearA · The company itself

“Oversikten viser sektorene som utgjør den største andelen av omsetningen i konsernet Sektor Jan-Des 2024 Kraftforsyning 20,4 % Helse og sosial 1,4 % Industri 3,7 % Informasjon og kommunikasjon 2,1 % Off. adm. og forsvar 17,8 % Olje, gass og fornybart 40,5 % Tjenesteyting 6,0 % Transport 4,3 % Varehandel Konsernets kunder har store komplekse og gjensidig avhengige behov innen digitalisering og bærekraft.”

Annual report 2024A · The company itself

“BTS kunder är verksamma huvudsakligen inom nio branscher: IT, finansiella tjänster, tillverkande industri, professional services, läkemedel & bioteknik, dagligvarubranschen (så kallade Fast-Moving Consumer Goods – FMCG), energi, telekom samt handel & distribution.”

Annual report 2024A · The company itself

“For example, in our Washington, DC market, we focus on leasing our properties to governmental contractors and legal firms.”

Annual report 2025A · The company itself

“Kretskorten som DP Patternings maskiner producerar används bl a inom RFID-antenner, fordonskomponenter, kommunikationsantenner, bärbar elektronik, försvarsindustri och LED-belysning.”

Annual report 2024A · The company itself

“AN is also used extensively by the commercial explosives industry as a component of explosives.”

Annual report 2025A · The company itself

“Our client base includes major global pharmaceutical companies, many biotechnology companies; agricultural and industrial chemical, life science, veterinary medicine, medical device, diagnostic and consumer product companies; contract research and contract manufacturing organizations; and other commercial entities, as well as leading hospitals, academic institutions, and government agencies around the world.”

Annual report 2025A · The company itself

“Our DSA segment provides services that enable our clients to outsource their innovative drug discovery research, their related non-clinical and clinical bioanalytical activities, and regulatory-required safety testing of potential new drugs, vaccines, industrial and agricultural chemicals, consumer products, veterinary medicines and medical devices.”

Annual report 2025A · The company itself

“Safety Assessment. We offer a full range of safety assessment studies required for regulatory submission on a global basis across all therapeutic areas in the pharmaceutical, biotechnology, industrial chemical, agrochemicals, consumer products, veterinary medicines and medical devices industries.”

Annual report 2025A · The company itself

“Microbial Solutions is a premier global provider of in vitro methods for conventional and rapid quality control testing, including globally-mandated lot release testing for injectable products. The products and services are provided by our Endosafe®, Celsis® and Accugenix® businesses, which produce, globally distribute and service a comprehensive portfolio of endotoxin testing, microbial detection and identification kits, reagents, instruments, software, accessories, and laboratory services to a broad range of companies manufacturing and releasing products from the pharmaceutical, biotechnology, medical devices and consumer products companies.”

Annual report 2025A · The company itself

“•The North America Commercial P&C Insurance segment comprises operations that provide P&C and A&H insurance and services to large, middle market, and small commercial businesses in the U.S., Canada, and Bermuda. This segment includes our retail divisions: Major Accounts; Commercial Insurance, including Small & Lower Midmarket; Chubb Bermuda, our high excess business; and Westchester, our wholesale and specialty division. These divisions write a variety of coverages, including property, casualty, workers’ compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, excess casualty, and A&H insurance. •The North America Personal P&C Insurance segment comprises the business written by Chubb Personal Risk Services division, which includes high net worth personal lines business, with operations in the U.S. and Canada.”

Annual report 2025A · The company itself

“The remainder of Cintas’ business, which consists of the Fire Protection Services operating segment and the Uniform Direct Sale operating segment, is included in All Other.”

Annual report 2026A · The company itself

“Our P&R segment includes manufacturers, automakers, retailers, consumer goods companies, aerospace and defense companies, and travel and hospitality companies, as well as businesses providing logistics, energy and utility services.”

Annual report 2025A · The company itself

“We do business with a number of customers in the aerospace and defense industry, who in turn generally contract with a governmental entity.”

Annual report 2026A · The company itself

“CONCEJO ÅRSREDOVISNING 2024 7 Firenor International Firenor International är en ledande leverantör av högspecialiserade produkter och system för aktiv brandbekämpning till kunder globalt inom energisektorn. Firenor International (Firenor) erbjuder nyckelfärdiga brandbekämpningslösningar, inklusive design och leverans av förtestad utrustning, samt utför tester, underhåll av system och tillhandahåller reservdelar vid behov. Firenor Internationals huvudkontor är beläget i Kristiansand, Norge, och verksamheten bedrivs på global nivå.”

Annual report 2024A · The company itself

“•Industrial - We design, manufacture, sell and support diesel and natural gas high-speed, high-horsepower engines up to 4,400 horsepower for a wide variety of equipment in mining, oil and gas, marine, rail and defense applications throughout the world. •Generator technologies - We design, manufacture, sell and support A/C generator/alternator products and components for internal consumption and for external generator set assemblers.”

Annual report 2025A · The company itself

“Typical users of these products and services include pharmaceutical and biopharmaceutical companies, translational medicine institutions, biotechnology companies and contract manufacturing organizations.”

Annual report 2025A · The company itself

“Netto andre driftsinntekter økte med 5,5 prosent fra 2023, og utgjorde 8520 millioner kroner i 2024. Økningen kan i hovedsak tilskrives aktiviteter i Markets, og da særlig investeringsbanktjenester.”

Annual report 2024A · The company itself

“The organic revenue decline was primarily due to lower volumes in our vehicle service business, partially offset by pricing actions and favorable demand trends in aerospace and defense components and software.”

Annual report 2025A · The company itself

“Dover's five operating and reportable segments are as follows: •Our Engineered Products segment provides a wide range of equipment, components, software, solutions and services to the vehicle aftermarket, aerospace and defense, industrial winch and hoist, precision soldering and fluid dispensing end-markets. •Our Clean Energy & Fueling segment provides components, equipment, software solutions and services enabling safe and reliable storage, transport, dispensing, and remote monitoring of traditional and clean fuels (including liquefied natural gas, hydrogen, and electric vehicle charging), cryogenic gases, and other hazardous substances along the supply chain, and safe and efficient operation of convenience retail, retail fueling and vehicle wash establishments.”

Annual report 2025A · The company itself

“Businesses supplying the defense, commercial refrigeration and can-making industries tend to deal with a few large customers that are significant within those industries.”

Annual report 2025A · The company itself

“We provide supply chain services across most sectors, including bespoke solutions within the Aerospace and Defence, Automotive, Consumer, Healthcare, Industrials and Technology verticals.”

Annual report 2025A · The company itself

“Demand was particularly robust within the aerospace, defence and technology sectors, especially related to cloud infrastructure and datacentres.”

Annual report 2025A · The company itself

“Commercially, we will continue to strengthen our commercial approach and vertical expertise, with a particular focus on our large, global customers. In 2025, we saw significant growth within Technology and Aerospace & Defence, and we aim to pursue further profitable growth by leveraging the capabilities gained through the Schenker acquisition.”

Annual report 2025A · The company itself

“Under året breddades kundbasen, både inom Communication, främst inom offentlig infrastruktur och försvar, och inom Power, där vår breda tjänsteportfölj attraherade en mångsidig kundbas.”

Annual report 2024A · The company itself

“Vd för Eltel Sverige Sverige NETTOOMSÄTTNING 2024 211,8 miljoner euro Communication Power Sweden Eltel stärker sitt långsiktiga partnerskap med Försvarsmakten Eltel tecknade ett nytt avtal med Försvarsmakten om att leverera viktig infrastruktur i form av master och torn. Det tvååriga avtalet på 35 miljoner euro med Försvarets Materielverk (FMV) kommer att omfatta utformning och konstruktion av master i Arboga, Mellansverige, där Eltel har en väletablerad verksamhet.”

Annual report 2024A · The company itself

“Our ability to maximize revenues depends on our ability to develop and grow a balanced customer base, consisting of a variety of companies, including enterprises, cloud, digital content and financial companies, and network service providers. We consider certain of these customers to be key magnets in that they draw in other customers.”

Annual report 2025A · The company itself

“Ilmailu ja puolustus: Kehittynyt suunnittelu, sulautetut järjestelmät ja tekninen dokumentaatio tarkkuutta ja turvallisuutta vaativille toimialoille.”

Annual report 2025A · The company itself

“Dealmakers Dealmakers focuses on workflow solutions for investment bankers, sell-side research analysts, corporate users, investor relations officers, and private equity and venture capital professionals. We provide comprehensive solutions to our clients including workstations, mobile solutions, data feeds, APIs, proprietary and third-party data, and productivity tools for Microsoft® Office. We also deliver firm type tailored solutions for client relationship management ("CRM") and AI-powered solutions to bring automation to time-consuming and manual aspects of our clients’ daily workflows.”

Annual report 2025A · The company itself

“Sell-side We deliver comprehensive solutions to sell-side clients including workstations, data feeds, web and mobile solutions, APIs, proprietary and third-party content, and productivity tools for Microsoft® Office. Our focus remains on expanding the depth of content offered and increasing workflow efficiency for sell-side firms. These firms primarily include broker-dealers, banking and advisory firms, and private equity and venture capital firms.”

Annual report 2025A · The company itself

“Our company consists of 10 business units, which are organized into four operating segments: Aerospace, Marine Systems, Combat Systems and Technologies. We refer to the latter three collectively as our defense segments.”

Annual report 2025A · The company itself

“Revenue by major products and services was as follows: Year Ended December 31 2025 2024 2023 Nuclear-powered submarines $ 12,608 $ 10,392 $ 8,631 Surface ships 2,932 2,819 2,698 Repair and other services 1,183 1,132 1,132 Total Marine Systems $ 16,723 $ 14,343 $ 12,461 9 COMBAT SYSTEMS Our Combat Systems segment is a premier manufacturer and integrator of land combat solutions worldwide, including wheeled and tracked combat vehicles, weapon systems, energetics and munitions. The segment consists of three business units — Land Systems, European Land Systems (ELS), and Ordnance and Tactical Systems (OTS).”

Annual report 2025A · The company itself

“Mission Systems is a defense electronics manufacturer and integrator for Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) applications in all domains. Our products and solutions are built into platforms and integrated systems critical to our national security.”

Annual report 2025A · The company itself

“We hold a global leadership position in large-caliber tank ammunition, medium-caliber ammunition, and high-speed Gatling guns, providing combat-proven performance and precision firepower. As an artillery systems integrator, OTS produces mission-critical components, including projectiles, artillery propelling charges, and next-generation artillery.”

Annual report 2025A · The company itself

“Globe Life Inc. is the holding company for a group of insurance companies that market through exclusive, direct-to-consumer and independent distribution channels primarily individual life and supplemental health insurance to lower middle to middle-income households throughout the United States.”

Annual report 2025A · The company itself

“Satamiin investoidaan voimakkaasti, samoin puolustus- ja muuhun kriittiseen infrastruktuuriin.”

Annual report 2025A · The company itself

“Liikevaihtoa kertyi myös muista kriittisen infran ja puolustushallinnon hankkeista.”

Annual report 2025A · The company itself

“Myös puolustushallinnon ja rajaturvallisuuden investointien odotetaan tukevan markkinaa.”

Annual report 2025A · The company itself

“Nämä kysymykset ovat strategisesti tärkeitä erityisesti siksi, että GRK toimii kriittisen infrastruktuurin hankkeissa, joissa luotettavuus ja eettisyys ovat edellytys osallistumiselle.”

Annual report 2025A · The company itself

“Kundbasen är bred och diversifierad inom branscher som energi, medicinteknik, försvarsindustri, jordbruksmaskiner, returautomater och gruvdrift.”

Annual report 2024A · The company itself

“Bland HANZAs uppdragsgivare finns ledande industribolag som 3M, ABB, Epiroc, GE, Getinge, John Deere, Mitsubishi Logisnext, Oerlikon, Perkin Elmer, SAAB, Sandvik, Siemens och Tomra.”

Annual report 2024A · The company itself

“Generell tillverkning följs av kundkategorierna Övrigt med 11 procent, Flyg och försvar 10 procent och Gruvdrift med 9 procent.”

Annual report 2024A · The company itself

“Inom Harsh Environment och Data Center har vi däremot sett en stark efterfrågan, där investeringar inom energi och datacenter har varit särskilt framträdande. vindkraft. Försvarsindustrin är en annan sektor som fortsätter att växa.”

Annual report 2024A · The company itself

“Det efterfrågas också alltmer avancerade kablar för utmanande miljöer, till exempel till havs.”

Annual report 2024A · The company itself

“Harsh Environment verkar på marknaden för avancerade undervattenskablar och konnektivitetslösningar, som primärt används inom energisektorn, försvar och industri.”

Annual report 2024A · The company itself

“Hiab tavoittelee kannattavaa kasvua keskeisillä toimialoilla kuten rakentamisessa, jätehuollossa ja kierrätyksessä, puolustuslogistiikassa sekä vähittäiskaupassa ja viimeisen kilometrin toimituksissa.”

Annual report 2025A · The company itself

“Our Honeywell Aerospace business will be a leading global tier-1 aerospace and defense supplier of mission critical systems and technologies that enable the production, maintenance, and safe operation of aerospace and defense platforms.”

Annual report 2025A · The company itself

“We globally manage our business operations through four reportable business segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions.”

Annual report 2025A · The company itself

“Corporate, Specialty, and Government Banking serves medium to large enterprises. We focus on specific industry verticals such as government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, Native American financial services, mortgage financial services, fund finance, and global services.”

Annual report 2025A · The company itself

“As a percentage of segment sales 7.6 % 7.6 % 13.2 % Sales and Service Revenues Ingalls sales and service revenues, including intersegment sales, increased $311 million, or 11%, in 2025 compared to 2024, primarily driven by higher volumes in surface combatants and amphibious assault ships.”

Annual report 2025A · The company itself

“Table of Contents Legend class National Security Cutter Design and build the U.S. Coast Guard's National Security Cutters ("NSCs"), the largest and most technically advanced class of cutter in the U.S.”

Annual report 2025A · The company itself

“DESCRIPTION OF BUSINESS Huntington Ingalls Industries, Inc. ("HII" or the "Company") is a global, all-domain defense partner, building and delivering the world's most powerful, survivable naval ships and technologies that safeguard America's seas, sky, land, space, and cyber.”

Annual report 2025A · The company itself

“HII is organized into three reportable segments: Ingalls Shipbuilding ("Ingalls"), Newport News Shipbuilding ("Newport News"), and Mission Technologies. For more than a century, the Company's Ingalls segment in Mississippi and Newport News segment in Virginia have built more ships in more ship classes than any other U.S. naval shipbuilder, making HII America’s largest shipbuilder.”

Annual report 2025A · The company itself

“Columbia class (SSBN 826) submarines Design and construct modules for Columbia class (SSBN 826) nuclear ballistic missile submarines ("SSBNs") as a subcontractor to Electric Boat.”

Annual report 2025A · The company itself

“IMAGE SYSTEMS ÅRSREDOVISNING 2024 13 MOTION ANALYSIS - HÖG MÄTPRECISION Motion Analysis är världsledande på att mäta rörelse i höghastighetsfilm. Den mjukvara som utvecklas och säljs används idag i hundratals olika applikationer där våra kunder kräver världens bästa noggrannhet.”

Annual report 2024A · The company itself

“Idag verkar våra två affärsområden – RemaSawco och Motion Analysis – inom ett antal olika marknadssegment där beröringsfria mättekniker är ett krav, de mest framträdande är skogs-, försvars- och fordonsindustrin.”

Annual report 2024A · The company itself

“Detta används inom olika områden, som tester av militärutrustning, bilkrocktester och forskning på universitet.”

Annual report 2024A · The company itself

“This acquisition strengthens our position in the fast-growing defence sector and significantly expands our design and development offering.”

Annual report 2025A · The company itself

“The acquisition accelerates Incap’s growth strategy by strengthening its position also in defense, railway technology, and medical technology sectors.”

Annual report 2025A · The company itself

“The company manufactures for customers in aerospace, automotive, consumer electronics, data storage and media, defence, green energy, food and vending, industrial controls, automation, medical, oil, gas and mining, power, security, telecom, transport and infrastructure, gaming and other industries.”

Annual report 2025A · The company itself

“Av den totala projektvolymen står kategori rättsväsende för den absoluta merparten.”

Annual report 2024A · The company itself

“Det sammanlagda årliga hyresvärdet för Rättscentrum uppgår till cirka 135 mkr med en genomsnittlig kontraktstid om 20 år.”

Annual report 2024A · The company itself

“Potentiella förvärv utvärderas alltid mot Inteas tydliga förvärvskriterier: • Hyresgästen ska vara en offentlig aktör som bedriver en samhällsviktig funktion med behov av specialanpassade lokaler för sin verksamhet. • Fastighetenskavaraavhögkvalitetochdetskafinnas möjlighet till ett långsiktigt ägande samt en långsiktig relation med hyresgästen. • Fastigheten ska falla inom någon av kategorierna rättsväsende, högre utbildning eller sjukvård, alternativt övriga offentliga verksamheter.”

Annual report 2024A · The company itself

“Potential customers include traditional fabless semiconductor companies in the computing, smartphone, cloud services, automotive, communications, aerospace and defense markets, as well as hyperscalers and the U.S. government.”

Annual report 2025A · The company itself

“• Baserat på innovativa lösningar och hög kompetens inom systemintegration är Saab väl positionerat för att fortsätta atttillvarata attraktiva möjligheter inom nischer på den globala försvarsmarknaden. • Under 2022 låg fokus på fortsatt leverans av större projekt, inklusive Gripen E till Sverige och Brasilien.”

Annual report 2022A · The company itself

“Defense Innovation Unit har INVISIO utvecklat den trådlösa kommunikationslösningen INVISIO Link. Den möjliggör för användare på marina, landbaserade och luftburna plattformar att få trådlös tillgång till olika typer av monterade radioenheter, vilket betyder obegränsad rörlighet i och runt ett fordon.”

Annual report 2024A · The company itself

“Användarna återfinns främst inom försvar och blåljusverk samhet.”

Annual report 2024A · The company itself

“INVISIO adresserar en global nischmarknad. Kunderna utgörs främst av myndigheter och andra offentliga aktörer med koppling till försvar, polis och säkerhet.”

Annual report 2024A · The company itself

“Kunder med koppling till försvarsindustrin har historiskt svarat för en dominerande del av INVISIOs intäkter. Under 2024 stod de för cirka 90 procent av den totala försäljningen.”

Annual report 2024A · The company itself

“INVISIO utvecklar och säljer avancerade kommunikationssystem som gör det möjligt för yrkesgrupper i bullriga och uppdragskritiska miljöer att kommunicera, skydda sin hörsel och arbeta effektivt.”

Annual report 2024A · The company itself

“In 2024, we positioned ourselves to be able to capture opportunities in the fast-growing defense and aerospace market in the Nordics and Europe.”

Annual report 2024A · The company itself

“Our extensive experience encompasses various sectors, including banking, insurance, energy & utilities, oil & gas, the public sector, retail, defence and fishing.”

Annual report 2024A · The company itself

“De större advokatbyråernas klienter kräver ofta att advokatbyråerna som de anlitar är specialiserade, vilket påverkar byråernas inköpsbeslut och driver kostnader för produkter och tjänster som underlättar en djupgående förståelse för gällande rätt.”

Annual report 2024A · The company itself

“Our customers are expected to continue to make R&D investments in certain next-generation technologies and applications, including evolution of 5G, early 6G, high-speed data center networks and infrastructure, satellite networks, artificial intelligence (“AI”), industrial internet of things (“IoT”), defense modernization, and next generation electric vehicles and autonomous vehicles.”

Annual report 2025A · The company itself

“Communications Solutions Group CSG serves customers spanning the global commercial communications and aerospace, defense, and government end markets.”

Annual report 2025A · The company itself

“Aerospace, Defense, and Government The market for Keysight’s aerospace, defense, and government solutions consists of applications addressing secure and highly reliable communications, space and satellite equipment development and operations, and government research across a wide spectrum of electronics technologies used in aerospace and defense. General applications include electromagnetic spectrum operations (e.g., communications, radar, signal intelligence), cybersecurity, and others, often incorporating ruggedized and high-reliability designs for military equipment.”

Annual report 2025A · The company itself

“We devote significant resources to develop new technologies in communications, aerospace and defense, automotive and the Internet of Things. We invest in R&D, grow and deepen relationships with customers and suppliers, and direct our corporate and operational resources to develop innovative technologies.”

Annual report 2025A · The company itself

“Revenue increased across all regions and in both the commercial communications and the aerospace, defense, and government end markets. The increase was primarily driven by higher investments in high-speed networks to support increasing demand for AI capabilities and increased investment in aerospace and defense solutions.”

Annual report 2025A · The company itself

“Euroa 2025 2024 Liikevaihto 41,8 44,2 4,0 3,4 9,6% 3,3 2,8 Nordic Rescue Group on Pohjoismaiden johtava pelastusajoneuvojen toimittaja. Yhtiö toimii Suomessa nimellä Saurus ja Ruotsissa nimellä Sala Brand.”

Annual report 2025A · The company itself

“Suomessa hyvinvointialueiden lisäksi Puolustusvoimat hankki yhteensä 15 ajoneuvoa, joihin Saurus toimittaa varusteita ja varustelua noin 10 milj. euron arvosta.”

Annual report 2025A · The company itself

“Construction of new facility in Norway started Towards the end of 2024, construction was started on a new facility in Arendal, Norway, to handle growing demand, particularly within the Defence/Aerospace market sector.”

Annual report 2024A · The company itself

“Aerospace is mainly navigation and communication equipment for civil and military avionics. Defence is primarily communication, encryption, and surveillance systems.”

Annual report 2024A · The company itself

“The exception to the general trend is the market sector Defence/Aerospace, where the order backlog has grown compared to the end of 2023.”

Annual report 2024A · The company itself

“Vi samarbeider tett med Forsvaret og forskningsmiljøer om å utvikle tilpassede systemer for landets spesifikke behov, samtidig som vi har utviklet høyteknologiske forsvarssystemer som er konkurransedyktige internasjonalt.”

Annual report 2024A · The company itself

“Forretningsområdet går ut av 2024 med en rekordhøy ordrereserve på NOK 100 milliarder, hvorav 18 prosent skal leveres i 2025, mens hele 82 prosent skal leveres i 2026 og senere.”

Annual report 2024A · The company itself

“Kongsberg Defence & Aerospace løsninger beskytter mennesker og kritisk infrastruktur i land verden over. Våre forsvarssystemer innen luftvern, overvåking, taktisk kommunikasjon, våpenstasjoner og missiler ligger helt i forkant av utviklingen, og er med på å styrke lands evne til å forsvare seg mot ytre trusler.”

Annual report 2024A · The company itself

“Divisjoner Defence Systems Divisjonen utvikler og produserer luftvernsystemer, ubemannede våpenstasjoner, kommando-, kontrollsystemer, kommunikasjonsløsninger og digitale, fjernstyrte flyplasstårn til kunder over hele verden.”

Annual report 2024A · The company itself

“Luftvernsystemet NASAMS (National Surface-to-Air-Missile-System) er et av KONGSBERGs signaturprodukter, utviklet i samarbeid med amerikanske Raytheon på 1990-tallet. 13 nasjoner er per i dag brukere av systemet.”

Annual report 2024A · The company itself

“KONGSBERG er blant industriens ledende leverandører av ubemannede våpenstasjoner og tårn til militære kjøretøy og plattformer. Vi har så langt levert flere enn 23 000 systemer til 29 nasjoner.”

Annual report 2024A · The company itself

“Aerostructures & MRO Hovedvirksomheten er produksjon av produkter til F-35-kampflyene og KONGSBERG-utviklede systemer i forsvarssektoren. Dette inkluderer leveranser til missilene JSM og NSM, NASAMS luftvernsystemer og radarsystemer, samt vedlikehold, overhaling og testing av kritiske dynamiske komponenter til helikopter.”

Annual report 2024A · The company itself

“Missiles & Space Vi har mer enn 50 års erfaring fra en rekke missilprogrammer og leverer i dag høyteknologiske missiler for skip, kjøretøy, helikopter og fly. Divisjonen utvikler våre to missiler, Naval Strike Missile (NSM) og Joint Strike Missile (JSM).”

Annual report 2024A · The company itself

“NSM er et langtrekkende og presisjonsstyrt sjømålsmissil som treffer fiendtlige mål på mer enn 100 nautiske mils avstand. JSM er basert på NSM og det eneste femte generasjons kryssermissilet designet for integrasjon i våpenbrønnen til kampflyet F-35A.”

Annual report 2024A · The company itself

“Felleskontrollert virksomhet og tilknyttede selskap Patria – Vi eier 49,9 prosent av det finske konsernet Patria, en internasjonal leverandør av systemer og tjenester til forsvar, sikkerhet og luftfart. Patrias sterke vekst fortsatte i 2024.”

Annual report 2024A · The company itself

“A: I 2024 ble Kongsberg Discovery tildelt en kontrakt med U.S. Defense Innovation Unit (DIU) for den amerikanske marinens Large Diameter Unmanned Underwater Vehicle-program. Kontrakten gir den amerikanske marinen anledning til å anskaffe utstyr, opplæring og støtte for å teste og evaluere nye autonome undervannsfarkoster.”

Annual report 2024A · The company itself

“Uncrewed platforms Uncrewed platforms leverer selvstyrte undervanns- og overflatefartøy til forskning, forsvar og kommersiell bruk. Fartøyene har teknologi som muliggjør effektiv og mer miljøvennlig datainnhenting, i tillegg til å sikre datatilgang på steder som tidligere var utilgjengelige.”

Annual report 2024A · The company itself

“Våre HUGIN-farkoster er verdens fremste av sitt slag, og de er i stand til å gjennomføre dypvannstokt med teknologi som sikrer data av høy kvalitet.”

Annual report 2024A · The company itself

“NASAMS har skutt ned omlag 900 missiler og droner med en treffsikkerhet på 94 prosent Eirik Lie Tilstede i antall land: 17 land Høydepunkter og nøkkeltall 2024 Rekordhøy ordrebok Stor etterspørsel førte til en rekke store nye kontrakter i året som gikk.”

Annual report 2024A · The company itself

“Nøkkelkonktrakter inkluderte JSM til US Air Force, Japan og Australia, samt NSM til US Navy.”

Annual report 2024A · The company itself

“Divisjonene leverer ulike systemer og tjenester til forsvarsindustrien. De tre divisjonene er Defence Systems, Missile & Space og Aerostructures & MRO (Maintenance, Repair & Overhaul).”

Annual report 2024A · The company itself

“Kongsberg Defence & Aerospace sine kundekontrakter gjelder i stor grad leveranser som er sammensatt i ett system og som skal virke sammen. De fleste kundekontraktene i forretningsområdet inntektsføres i forhold til fremdrift over tid. Begrunnelsen for dette er at leveransene har stor kundetilpasning og vil kreve betydelig omarbeiding for å dekke alternativ bruk for Kongsberg Defence & Aerospace.”

Annual report 2024A · The company itself

“Leveranser av denne type er luftvernsystemer, missilsystemer, kommando- og kontrollsystemer og overvåkingssystemer.”

Annual report 2024A · The company itself

“Flere av kontraktene vedrørende våpenstasjoner inntektsføres etter disse prinsippene. Det samme gjelder kontrakter tilknyttet F-35-programmet.”

Annual report 2024A · The company itself

“KONGSBERG samarbeider med globale aktører innenfor forsvars-, energi-, maritim-, fiskeri- og romfartsindustrien.”

Annual report 2024A · The company itself

“Våre leveranser støtter i hovedsak kunder i det maritime markedet og forsvarsmarkedet. Markedsrisikoen vil naturlig kunne variere mellom disse ulike markedene.”

Annual report 2024A · The company itself

“Missilene våre er valgt av totalt 14 nasjoner.”

Annual report 2024A · The company itself

“Vi solgte luftvernsystemet NASAMS til Spania, Nederland, Norge og Litauen og vi fikk det første internasjonale salget av det mobile NOMADS-systemet til Nederland.”

Annual report 2024A · The company itself

“Andre høydepunkter inkluderte salget av PROTECTOR våpenstasjoner ti NATO-medlemmene Sverige og Finland, samt en kontrakt for å levere fjernstyrte kontrolltårn til sivile flyplasser i Canada.”

Annual report 2024A · The company itself

“S3 Berørte samfunn Vi utvikler teknologi som ivaretar sikkerhet og stabilitet i et skiftende geopolitisk landskap. Våre løsninger bidrar positivt for å sikre lands evne til å forsvare seg og sikre fred.”

Annual report 2024A · The company itself

“Nedstrøms Bidrar direkte Kort sikt Utgående ressurser Faktisk negativ påvirkning Mange av våre leveranser til forsvars- og romfartsindustrien er underlagt reguleringer, som eksportrestriksjoner, sikkerhetskrav til lagerbeholdning, leveringspålitelighet og begrenset levetid for visse produkter. Disse reguleringene kan i noen tilfeller føre til ineffektiv ressursbruk og miljøutfordringer, inkludert overproduksjon.”

Annual report 2024A · The company itself

“Militære produkter har en levetid på 15 til over 30 år, med integrert vedlikehold og oppgraderinger.”

Annual report 2024A · The company itself

“I Kongsberg Maritime inntektsføres leveransene fra divisjonene Integration & Energy og Automation & Control hovedsakelig i forhold til fremdrift over tid. Begrunnelsen for dette er at leveransene har stor kundetilpasning og ikke har noe alternativt bruksområde for Kongsberg Maritime.”

Annual report 2024A · The company itself

“Namibia Transaksjoner med nærstående parter Staten som største eier Staten ved Nærings- og fiskeridepartementet er KONGSBERGs største eier (50,004 prosent av aksjene i Kongsberg Gruppen ASA). Staten ved Forsvarsdepartementet utgjør en viktig kunde for konsernet.”

Annual report 2024A · The company itself

“Our naval architecture and marine engineering services span an entire ship’s lifetime, from early-stage concept designs through service life extensions. uAerospace Systems – We provide expertise in the design, manufacturing, and integration of space-based electro-optic infrared systems, multi/hyperspectral, electronic warfare and signals intelligence, and communications payloads. We also manufacture structures and thermal protection systems for hypersonic boost-glide missiles, and we provide testing services for hypersonic vehicles.”

Annual report 2026A · The company itself

“uLand Systems – We develop Integrated Air and Missile Defense systems, including the US Army Enduring Indirect Fire Protection Capability, Army Long Range Persistent Surveillance radar capability and AirShield systems. We design and manufacture other persistent surveillance radar systems, advanced sensors, and radio frequency seekers, including the associated advanced algorithms that accompany them.”

Annual report 2026A · The company itself

“We use this expertise to provide military sensor and electronic system R&D services for our customers. uAirborne Systems – Leidos develops and integrates mission-enhancing airborne solutions. We execute airborne training, intelligence, surveillance, and reconnaissance missions as a service for the DoW, the U.S. Intelligence Community, and military services worldwide.”

Annual report 2026A · The company itself

“With a focus on delivering mission-critical solutions, Leidos generated 87% of revenues for the fiscal year ended January 2, 2026, (“fiscal 2025”) from U.S. government contracts, either as a prime contractor or a subcontractor to others.”

Annual report 2026A · The company itself

“Missiles and Fire Control MFC provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; and mission operations support, readiness, engineering support and integration services. MFC also has contracts with the U.S. Government for various classified programs.”

Annual report 2025A · The company itself

“Rotary and Mission Systems RMS designs, manufactures, services and supports various military and commercial helicopters, sea- and land-based missile defense systems, radar systems, laser systems, sea- and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and supports surface ships. RMS also has contracts with the U.S. Government for various classified programs.”

Annual report 2025A · The company itself

“Space Space is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems. Space provides network-enabled situational awareness and integrates complex space and ground global systems to help our customers gather, analyze and securely distribute critical intelligence data. Space is also responsible for various classified systems and services in support of vital national security systems.”

Annual report 2025A · The company itself

“Sijoituksia ei tehdä yhtiöihin, jotka saavat liikevaihtoa kiistanalaisten aseiden valmistuksesta, alihankinnasta tai jakelusta. Poissulkua sovelletaan poikkeuksetta jalkaväkimiinoihin, rypäleaseisiin, sekä kemiallisiin ja biologisiin aseisiin liittyvään toimintaan.”

Annual report 2025A · The company itself

“Custom ASICs We develop custom semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for next-generation artificial intelligence, data center, compute, networking, carrier, storage, aerospace and defense applications.”

Annual report 2026A · The company itself

“A significant portion of our sales are from or are derived from government agencies or customers who sell to U.S. or foreign government agencies.”

Annual report 2026A · The company itself

“Further, we sell to customers in industries such as automotive, aerospace, defense, safety, security, and medical, where failure of the application could cause damage to property or persons.”

Annual report 2026A · The company itself

“Med de möjligheter som öppnats sig i och med vårt samarbete med Saab håller vi nu på att utvärdera bästa sättet att expandera produktionskapaciteten i Sverige och resten av världen.”

Annual report 2024A · The company itself

“MilDef beslutade under fjärde kvartalet att fullt ut fokusera sin verksamhet mot försvars- och säkerhetsdomänen. Motivet bakom den strategiska inriktningen är de starka marknadsförutsättningarna inom försvarssektorn.”

Annual report 2024A · The company itself

“MilDef har sedan starten 1997 levererat produkter och tjänster som skyddar samhällsviktiga funktioner. Som specialister inom den globala nischen för taktisk IT möter bolaget de unika produktkrav som ställs i mycket krävande miljöer. MilDef är en fullspektrumleverantör av ruggade elektronikprodukter, kompletta hårdvarusystem samt mjukvara och tjänster till försvar och säkerhet.”

Annual report 2024A · The company itself

“Under året har ett antal större och strategiskt viktiga ordrar vunnits. Som exempel kan nämnas BAE Systems Hägglunds avseende IT-utrustning i CV90-leveranser till Centraleuropa, värt 200 MSEK, OneCIS mjukvaruaffär, Norska försvarets materielverk avseende datorer för modernisering av stridsfordon CV90 samt hårdvarubeställningar från FMV värt 81 MSEK och beställningar till FMV inom ledningssystemsområdet, värt 63 MSEK.”

Annual report 2024A · The company itself

“Försäljningen till försvarsrelaterad industri ökade successivt och blev en mer framträdande del av intäkterna.”

Annual report 2024A · The company itself

“Power Transmission stärkte sin position inom eftermarknadsförsäljning, särskilt inom metall- och försvarsindustrin.”

Annual report 2024A · The company itself

“Nettoomsättning, Mkr 1 728 1 610 +7% EBITA, Mkr 232 221 +5% Antal anställda 431 429 EBITA (2023: 221 MSEK) +5% Nettoomsättning per kundsegment Metall och gruva 18% Papper och massa, såg 15% Övrig tillverkning 11% Fordon 10% Läkemedel och medicinteknik 4% Livsmedel 4% El- och värmeproduktion 2% Försvar 2% Andra industrisegment 22% Övriga sektorer 12% Nettoomsättning per produkt- och tjänsteområde Produkter 92% Lager 25% Tekniska tätningar och industrigummi 17% Hydralik och pneumatik 14% Transmission 13% Pumpar, elmotorer och växlar 5% Smörjning och kemikalier 4% Maskin och system 4% Andra komponenter 10% Tjänster 8% Reparationer och renovering 6% Relaterade tjänster (t ex utbildning och installation) 2% Nettoomsättning per affärsenhet  75% Specialist 25% Affärsområden Power Transmission, som utgörs av bolaget Momentum Industrial, är Nordens marknadsledande leverantör av industrikomponenter och tjänster med fokus på industriförbättringar till eftermarknaden.”

Annual report 2024A · The company itself

“Institutional Securities provides a variety of products and services to corporations, governments, financial institutions and ultra-high net worth clients.”

Annual report 2025A · The company itself

“PART I Item 1: Business Overview | Solving for safer Motorola Solutions is a global leader in mission-critical safety and security technologies for public safety, government, including defense, and enterprise customers.”

Annual report 2025A · The company itself

“We enter into large, multi-year system and services contracts with municipal, state, and nationwide government and commercial customers. In some cases, we may not be the prime contractor and may be dependent on other third-parties such as commercial carriers or systems integrators.”

Annual report 2025A · The company itself

“100% of our sites in Iceland, at point of acquisition, were ASC certified. •investing in new Recirculating Aquaculture System as part of Mowi’s postsmolt strategy allow us to reduce biological risk by reducing the production time at sea and therefore reducing risks of escapes, use of medicines while increase survival rates and fish welfare.”

Annual report 2024A · The company itself

“Our client types include: •Asset managers, including managers of institutional funds and accounts, mutual funds, ETFs, and other public-market strategies, as well as private-markets general partners •Banks and brokerages, including banks, broker-dealers, custodians, proprietary market makers and fund administrators •Asset owners, including pension funds, endowments, foundations, investment consultants, central banks, sovereign wealth funds and single family offices •Hedge fund managers, including of equity hedge funds, fixed income hedge funds, multi-strategy hedge funds and multi-manager hedge funds •Wealth managers, including wealth management divisions of broker-dealers, RIAs, private banks, multi-family offices, digital wealth and brokerage platforms •Insurance companies, including reinsurers •Others, including exchanges; vendors; real estate professionals, such as brokers, agents and developers; academic institutions; and corporates, including public and private companies, and their advisors As of December 31, 2025, we served approximately 6,800 clients1 in more than 100 countries.”

Annual report 2025A · The company itself

“Trods den stigende konkurrence har MT Højgaard Danmark formået at fastholde og udbygge sin position som en af landets største aktører inden for nybyggeri, primært på store og/eller komplekse projekter. Denne del af markedet er især drevet af projekter for Forsvaret, den farmaceutiske industri og store danske industrivirksomheder.”

Annual report 2025A · The company itself

“En væsentlig del af tildelte ordrer ved udgangen af 2025 vedrører kontrakten på 31 nye indkvarteringsbygninger for det danske Forsvar i samarbejde med PensionDanmark, og kontrakten for denne ordre blev underskrevet i januar.”

Annual report 2025A · The company itself

“Derudover blev Raunstrup i 2025 tildelt ordren vedrørende tømrerarbejde og bygningsdrift på nye indkvarteringsboliger for det danske Forsvar i samarbejde med MT Højgaard Danmark og PensionDanmark.”

Annual report 2025A · The company itself

“Increased activity within defence and energy and industry had a positive impact in the market.”

Annual report 2024A · The company itself

“Sverige och Finland har visat NYCKELTAL 2024 2023* Omsättningsförändring, % -13,8 -11,0 EBITA, Mkr 128,3 184,2 EBITA-marginal, % 15,6 19,3 Medelantal anställda 84 79 tillväxt medan övriga bolag i segmentet har minskat sin nettoomsättning.”

Annual report 2024A · The company itself

“Vi har under 2024 arbetat mer fokuserat och samordnat mellan våra olika länder för att samla våra krafter och vårt kunnande inom vissa branscher. Det gäller till exempel aerospace och defence där vi nu har myndighetsgodkännanden i fler länder än tidigare, något som ger oss goda möjligheter att fortsätta utöka vår försäljning inom detta växande segment.”

Annual report 2024A · The company itself

“Vi har även kunder i branscher som flygteknik, försvar, fordonsindustri, datakommunikation, medicin, energi, järnväg, säkerhetskritiska sektorer och telekom.”

Annual report 2024A · The company itself

“Kunderna är främst aktiva inom industrisegmentet, försvarsindustrin samt inom medicinteknik och elbilsladdare.”

Annual report 2024A · The company itself

“Syncrolift is the main business of the group. The activity in the market is depending on the construction and upgrade of navy bases and shipyards, which is suitable for the Syncrolift® shiplift systems and solutions.”

Annual report 2024A · The company itself

“Syncrolift also has local presence in important markets through subsidiaries in the US, India and in Singapore alongside a sales/service office in Dubai and Australia.Syncrolift is the global market leader for shiplifts and transfer systems offered to repair and newbuilding yards. They deliver turnkey and customized solutions to commercial yards and navy bases around the world.”

Annual report 2024A · The company itself

“Netcompany’s Defence vertical is dedicated to bolstering digital sovereignty and operational readiness for European democracies. We design and deliver secure, resilient IT solutions for high-assurance and classified environments, enabling defence organisations to modernise infrastructure and maintain strategic advantage in a rapidly evolving threat landscape.”

Annual report 2025A · The company itself

“Typical use cases for FAP30 include government and national ID programs, access control and corporate applications.”

Annual report 2024A · The company itself

“Following product demonstrations, we have inked a multi-year MoU for the FAP30, valued at approximately 18 MNOK per year.”

Annual report 2024A · The company itself

“Asiakkaitamme ovat viestintäpalvelujen tarjoajat, tekoäly- ja pilvipalveluasiakkaat sekä toimintakriittiset yritykset, mukaan lukien puolustusteollisuus.”

Annual report 2025A · The company itself

“EUR 2025 2024 Muutos % Viestintäpalvelujen tarjoajat 15 313 15 085 2 % Tekoäly- ja pilvipalveluasiakkaat ja toimintakriittiset yritykset ja puolustusteollisuus 3 085 2 180 42 % Lisenssinsaajat 1 501 1 928 -22 % Muut (1) -10 27 -137 % Yhteensä 19 889 19 220 3 % (1) Vuosi 2025 sisältää segmenttien välisten tuottojen eliminoinnit, kohdistamattomat erät sekä tiettyjä muita eriä.”

Annual report 2025A · The company itself

“With highly robotised, world-class manufacturing processes, NORBIT supplies contract manufacturing of electronic products to demanding markets such as the automotive, industrial, medical, defence, energy, marine and ocean-related industries.”

Annual report 2024A · The company itself

“REVENUES ■ Contract manufacturing ■ R&D Customer reimbursements ■ Other NOK million 291.0 224.6 543.1 411.8 456.5 2024 2023 2022 2021 2020 EBITDA ■ EBITDA (NOK million) – EBITDA margin (per cent) 1% 6% 10% 13% 14% 47.8 52.0 73.4 2.3 16.4 2024 2023 2022 2021 2020 EBIT ■ EBIT (NOK million) – EBIT margin (per cent) (7%) (1%) 10% 8% 7% 34.0 34.7 54.2 (14.9) (3.8) GEOGRAPHICAL REVENUE DISTRIBUTION ■ EMEA: 95% ■ Americas: 0% ■ APAC: 5% 95% 5% For almost two decades, NORBIT has provided advanced naval antenna technology, enabling secure and reliable communication for submarines operating in extreme conditions. With expertise in high-performance RF systems, NORBIT has developed advanced intelligent antenna solutions for maritime military applications.”

Annual report 2024A · The company itself

“The PIR segment reported a strong 32 per cent growth in 2024, driven by higher sales of contract manufacturing, particularly towards the defence and security industries which are in a secular growth trend due to increased geopolitical unrest. The share of revenues to defence and security sectors increased to 20 per cent in 2024, versus only 6 per cent in 2023.”

Annual report 2024A · The company itself

“EVENTS AFTER THE BALANCE SHEET DATE On 14 March, NORBIT announced that segment PIR was awarded orders worth NOK 260 million from an undisclosed contract manufacturing client in the defence and security sector. Deliveries under the contracts will commence immediately, with the majority scheduled for second quarter of 2025.”

Annual report 2024A · The company itself

“Cost estimates on fixed-price development contracts and early-stage/low-rate production contracts are inherently more uncertain as to future events than on mature, full-rate production contracts. As a result, there is typically more variability in those estimates and greater financial risk associated with unanticipated cost growth on fixed-price development contracts and early-stage/low-rate production contracts.”

Annual report 2025A · The company itself

“Effective January 1, 2025, the company realigned the Strike and Surveillance Aircraft Solutions (SSAS) business unit from Defense Systems to Aeronautics Systems. This realignment is reflected in the financial information contained in this report.”

Annual report 2025A · The company itself

“The company is a leading provider of space systems, military aircraft, missile defense, advanced weapons and long-range fires capabilities, mission systems, networking and communications, strategic deterrence systems, and breakthrough technologies, such as advanced computing, microelectronics and cyber.”

Annual report 2025A · The company itself

“We provide products and services related to hazardous and high risk operations. Among other such operations, our products and services are used in nuclear-related activities (including nuclear-powered platforms) and used in support of nuclear-related operations of third parties. In addition, certain of our products are provided with space and missile launches. We use and provide energetic materials, including in propulsion systems, which are highly explosive and flammable.”

Annual report 2025A · The company itself

“Defense Systems 47 42 (101) Eliminations (12) 2 (8) Net EAC adjustments $ 209 $ 350 $ 84 AERONAUTICS SYSTEMS Aeronautics Systems is a leader in the design, development, production, integration, sustainment and modernization of military aircraft systems for the U.S. Air Force, the U.S. Navy, other U.S. government agencies, and international customers. Major products include strategic long-range strike aircraft; tactical fighter and air dominance aircraft; airborne battle management and command and control systems; and uncrewed autonomous aircraft systems, including high-altitude long-endurance (HALE) strategic intelligence, surveillance and reconnaissance (ISR) systems.”

Annual report 2025A · The company itself

“DEFENSE SYSTEMS Defense Systems is a leader in the design, engineering, development, integration and production of strategic deterrent systems, advanced tactical weapons, and missile defense solutions for the U.S. military and a broad range of international customers. Major products and services include strategic missiles; integrated, all-domain command and control (C2) systems; precision strike weapons; advanced propulsion, including tactical solid rocket motors and high speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions and advanced fuzes; and weapons integration, modernization, and sustainment.”

Annual report 2025A · The company itself

“Operating margin rate 14.6 % 14.0 % 14.8 % Sales 2025 sales increased $1.1 billion, or 10 percent, primarily due to continued ramp-up on restricted airborne radar programs, as well as higher sales of $161 million on marine systems programs, $141 million on international ground-based radar programs and $105 million on communications programs, as several programs ramp up following new awards.”

Annual report 2025A · The company itself

“Operating Income 2025 operating income decreased $423 million and operating margin rate decreased to 6.3 percent primarily due to a $477 million loss provision recorded on the LRIP phase of the B-21 program in the first quarter of 2025. This was partially offset by higher net EAC adjustments across the portfolio.”

Annual report 2025A · The company itself

“On May 24, 2025 (the “Divestiture date”), the company completed its previously announced sale of substantially all of the Immersive Mission Solutions (IMS) operating unit of Defense Systems (the “training services” business or “divestiture”) for $333 million in cash and recorded a pre-tax gain on sale of $231 million. IMS is a provider of mission training and satellite ground network communications software for U.S. government customers.”

Annual report 2025A · The company itself

“Revenue Recognition The majority of our sales are derived from long-term contracts with the U.S. government for the development or production of goods, the provision of services, or a combination of both.”

Annual report 2025A · The company itself

“Each of the company’s segments derives a substantial percentage of its revenue from the U.S. government.”

Annual report 2025A · The company itself

“In October last year, we celebrated the first flight with biofuel on the Norwegian defence sector’s corporate travel contract. This was to date the largest voluntary biofuel agreement in Norway’s history, and amongst the first of its kind with NATO countries. The agreement, which spans four years from 2024, contains a blend of at least 15 percent biofuel on approximately 250,000 travels per year.”

Annual report 2024A · The company itself

“In total, we saw a 19 percent increase in corporate travel passengers with Norwegian last year and signed almost 3,000 new corporate agreements. On top of that, we onboarded Norway’s largest corporate contract with the Norwegian defence sector in February 2024.”

Annual report 2024A · The company itself

“Table of Contents Customer Acquisition Our customer acquisition strategy generally targets large-scale, hard-to-execute opportunities at large government and commercial institutions. The high installation costs, high failure risks, complexity of data environments, and the long sales cycles associated with these opportunities raise the barriers to entry for competition. The larger, more complex, and more technologically demanding the problem, the more likely we are to succeed.”

Annual report 2025A · The company itself

“Government We continue to believe we are uniquely positioned to provide commercially available software to the U.S. federal government. Our government customers remain a meaningful source of revenue for our business. We intend to capture an even greater share of U.S. federal government spending on software systems.”

Annual report 2025A · The company itself

“We were founded in 2003 and started building software for the intelligence community in the United States to assist in counterterrorism investigations and operations. We later began working with commercial enterprises, who often faced fundamentally similar challenges in working with data. We have built four principal software platforms, Palantir Gotham (“Gotham”), Palantir Foundry (“Foundry”), Palantir Apollo (“Apollo”), and our Artificial Intelligence Platform (“AIP”).”

Annual report 2025A · The company itself

“Of the $4.5 billion in revenue that we generated in 2025, 54% came from customers in the government segment, and 46% came from customers in the commercial segment.”

Annual report 2025A · The company itself

“An important part of our growth strategy is to increase sales of our platforms to large enterprises and government entities. Sales to large enterprises and government entities involve risks that may not be present (or that are present to a lesser extent) with sales to small-to-mid-sized entities.”

Annual report 2025A · The company itself

“The major market verticals served by our Diversified Industrial Segment are listed below: •Aerospace & Defense •Off-highway •In-plant & Industrial Equipment •Energy •Transportation •HVAC & Refrigeration Our Aerospace Systems Segment sells highly engineered, differentiated airframe and engine components and systems to OEMs and aftermarket parts and maintenance directly to end users primarily in the commercial aerospace and defense market verticals.”

Annual report 2026A · The company itself

“Our Aerospace Systems Segment products are used in commercial and defense airframe and engine programs and include: •Avionics •Fuel Systems & Components •Electric & Hydraulic Braking Systems •Fuel Tank Inerting Systems •Electric Power •Hydraulic Pumps & Motors •Electromechanical Actuators •Hydraulic Valves & Actuators •Engine Exhaust Systems & Components •Pneumatics •Fire Detection & Suppression •Seals •Flight Control Systems •Sensors •Fluid Conveyance •Thermal Management We market our Aerospace Systems Segment products through our regional sales organizations, which sell directly to OEMs and end users throughout the world.”

Annual report 2026A · The company itself

“In particular, the use of video for mission-critical, high-security meetings has increased.”

Annual report 2024A · The company itself

“Today, Pexip serves large government and enterprise organizations, supporting a wide range of applications, including business communication, ultra-secure government meetings, medical appointments, and legal proceedings.”

Annual report 2024A · The company itself

“Pexip is a leading solution provider for governments and defense organizations worldwide. Many of its customers require private clouds or government-certified infrastructure to address national security and sovereignty concerns. Some governments mandate that citizen data remains within their jurisdiction.”

Annual report 2024A · The company itself

“At the same time, the release of our FACE conformant software framework provides defence organizations with a more efficient and cost effective way to develop mission crit‑ ical UIs.”

Annual report 2025A · The company itself

“Ratosaktien29 Affärsområden Industry 32 Construction & Services 34 Industry I affärsområdet är tekniklösningar i form av produkt- och digital tjänsteutveckling inom industrin i fokus. Bolagen i affärsområdet delas in i segmenten Product Solutions och Industrial Services, och är exponerade mot marknader med stark tillväxt – exempelvis förnybar energi, dagligvaruhandel, farmakologi och eftermarknadslösningar. Industry32 Om Ratos Rapporter Övrigt Affärsområden Om affärsområdet Bolagen i Industry är exponerade mot marknader med stark tillväxt, exempelvis energieffektiv belysning, hållbart lättviktsmaterial och förnybar energi, modern dagligvaruhandel, farmakologi och eftermarknadslösningar.”

Annual report 2024A · The company itself

“Efterfrågan inom infrastruktur har varit stabil och områden som energiomställning och stora delar av industrin uppvisar stark tillväxt. Särskilt försvars-, energi- och kemiindustrin framträder som sektorer med en fortsatt positiv utveckling.”

Annual report 2024A · The company itself

“Deltek – enterprise software, SaaS, and AI-enabled information solutions for government contractors, professional services firms, and other project-based businesses.”

Annual report 2025A · The company itself

“cultivating new growth opportunities across Defense, First Responders, and Hospitality”

Annual report 2025A · The company itself

“In ProAudio, we help B2B customers design and develop advanced wireless audio solutions by delivering high-performance audio modules tailored to their needs. Our technologies are applied in intercom systems for commercial, industrial, and defense environments as well as microphone and instrument connectivity, wireless gaming, small conference systems, and content creation solutions.”

Annual report 2025A · The company itself

“En stor aktör inom branschen Securitas position som den näst största leverantören av säkerhetstjänster globalt, med närvaro på 44 marknader, med tusentals kunder, placerar Securitas som en framstående aktör i branschen.”

Annual report 2024A · The company itself

“The merger with Energy Drilling is driven by a clear strategic rationale aimed at creating a leading dividend company on OSE.”

Annual report 2024A · The company itself

“Andra viktiga vertikaler är nans, professionella tjänster och detaljhandel.”

Annual report 2024A · The company itself

“Sales efforts will remain on segments showing above average demand, such as industry, energy and data centers, public-sector properties, and defense and security critical sites.”

Annual report 2025A · The company itself

“Although we invest significant resources in the testing of our products, from time to time we become aware of alleged defects in our products after they have been shipped, and we may be required to incur additional development and remediation costs or cash payments to settle claims pursuant to warranty and indemnification provisions in our customer contracts and purchase orders. Certain of our products, including “high reliability” solutions, may not be able to perform under stringent operating conditions. Examples of our “high reliability” solutions include products used in the aerospace, automotive, defense, and medical markets.”

Annual report 2025A · The company itself

“Additionally, as a government contractor, purchasing regulations contain many operational requirements and a failure to comply with such requirements could result in civil and criminal penalties or other actions that could have a material adverse effect on the company’s reputation, business, financial condition and results of operations.”

Annual report 2026A · The company itself

“Significant changes to legislative and regulatory activity, and compliance burdens, including those associated with: (i) sales to our government, military and defense contractor customers; and (ii) classification of third parties, including our franchisees, as independent from the company, as well as the manner in which they are applied, could significantly impact our business and the economy as a whole.”

Annual report 2026A · The company itself

“Our clients include institutional investors, such as mutual funds, collective investment funds, UCITS, hedge funds and other investment pools, corporate and public retirement plans, insurance companies, official institutions, foundations, endowments and investment managers.”

Annual report 2025A · The company itself

“KARL THEDÉEN VD OCH KONCERNCHEF Vi investerar för framtida tillväxt Koncernens verksamhet Studsvik levererar tjänster till den internationella kärnkraftsindustrin och till tillverkare av medicinska isotoper. Kunderna utgörs främst av kärnkraftverk och leve ran törer till kärnkraftsindustrin. Tjänsterna sträcker sig över kärnkraftverkets hela livscykel och innefattar bl a avfallshantering, ingenjörstjänster, bränsleoptimering samt materialfrågor rörande bränsle och konstruktionsmaterial.”

Annual report 2024A · The company itself

“Our Ansys® solutions portfolio is widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia, including high-tech, aerospace and defense, automotive, energy, industrial equipment, materials and chemicals, consumer products, healthcare and construction.”

Annual report 2025A · The company itself

“Additionally, we provide both standard products and custom-designed solutions to meet the daily demands of home appliances, including washers, dryers, refrigerators, air conditioners, dishwashers, cooking appliances, water heaters, air purifiers, floor care devices, and microwaves. ● Aerospace, defense, and marine (19% of segment’s net sales)—We design, develop, and manufacture a comprehensive portfolio of critical electronic components and systems for the harsh operating conditions of the commercial aerospace, defense, and marine industries. Our products and systems are designed and manufactured to operate effectively in harsh conditions ranging from the depths of the ocean to the far reaches of space.”

Annual report unknown yearA · The company itself

“Aerospace and Defense Electronics Segment Our Aerospace and Defense Electronics segment provides sophisticated electronic and optical components and subsystems, data acquisition and communications components and equipment, harsh environment interconnects, general aviation batteries, and other components for a variety of commercial and defense applications that require high performance and high reliability. Such applications include aircraft, radar, electronic countermeasures, weapon systems, space, wireless and satellite communications and terminals and test equipment.”

Annual report 2025A · The company itself

“We provide research and engineering capabilities primarily in the areas of electronics, materials, optical systems and information science to military, aerospace and industrial customers, as well as to various businesses throughout Teledyne.”

Annual report 2025A · The company itself

“Table of Contents For defense applications, we also develop and manufacture multi-spectrum electro-optic/infrared imaging systems and associated products such as lasers, optics, and radars, CBRNE (“Chemical, Biological, Radiological, Nuclear and Explosive detectors”) and unmanned aerial and ground systems.”

Annual report 2025A · The company itself

“We provide solutions for threat protection, military maneuver and force protection, border controls and homeland security, law enforcement, public safety, and commercial applications worldwide.”

Annual report 2025A · The company itself

“We provide a broad range of end-to-end undersea interconnect solutions to the offshore oil and gas, naval defense, oceanographic and telecom markets.”

Annual report 2025A · The company itself

“We also design and manufacture remotely operated underwater vehicles used in maritime security, military, search and rescue, aquaculture, and scientific research applications.”

Annual report 2025A · The company itself

“Engineered Systems Segment Our Engineered Systems segment provides innovative systems engineering, integration and advanced technology development, and complex manufacturing solutions for defense, space, environmental and energy applications.”

Annual report 2025A · The company itself

“Telesten tärkeimmät markkina-alueet ovat Eurooppa ja Pohjois-Amerikka, ja pääasiakasryhmiä ovat teleoperaattorit, julkisen turvallisuuden toimijat sekä liikenne- ja infrastruktuuriyhtiöt.”

Annual report 2025A · The company itself

“Teradyne’s automated test systems are used to test semiconductors, wireless products, data storage, silicon photonics, and complex electronics systems in many industries including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries.”

Annual report 2025A · The company itself

“Bell Segment Bell is a leading worldwide supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services.”

Annual report 2026A · The company itself

“Textron Systems Segment The businesses in our Textron Systems segment develop, manufacture and integrate a variety of products and services for U.S. and international military, government and commercial customers to support defense, homeland security, aerospace, infrastructure protection and other customer missions. Product and service offerings of this segment include electronic systems and solutions, advanced marine craft, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, unmanned aircraft systems and both manned and unmanned armored and specialty vehicles.”

Annual report 2026A · The company itself

“Bell’s primary U.S. Government programs are for the development of a next generation tiltrotor aircraft for the U.S. Army’s Future Long Range Assault Aircraft program, now designated as the MV-75 program and the production and support of the V-22 tiltrotor aircraft and H-1 helicopters.”

Annual report 2026A · The company itself

“RELATED PARTY TRANSACTIONS EGH and its subsidiaries EGH and its subsidiaries (collectively, the “Group”), who collectively own approximately 63.0% of the voting interest in TKO as of December 31, 2025, provide various services to the Company and, upon consummation of the TKO Transactions, such services are provided pursuant to the Services Agreement which was terminated upon consummation of the Endeavor Asset Acquisition.”

Annual report 2025A · The company itself

“We deliver solutions to companies throughout the life sciences industry, including pharmaceutical, biotechnology, and medical device companies, contract sales organizations, and contract research organizations.”

Annual report 2026A · The company itself

“Enterprise and Public Sector Enterprise and Public Sector offers wireless products and services as well as wireline connectivity such as broadband and managed solutions to our large business and public sector customers. Public sector customers include U.S. federal, state and local governments and educational institutions. Our offerings to this customer group include plans with features and pricing designed to address their specific needs. In 2025, Enterprise and Public Sector revenues were $13.5 billion, representing approximately 46% of Business’s total revenues.”

Annual report 2025A · The company itself

“To supplement our internal research programs, we acquire technologies and programs and collaborate with biopharmaceutical and technology companies, leading academic research institutions, government laboratories, foundations and other organizations, as needed, to advance research in our areas of therapeutic interest and to access technologies needed to execute on our strategy.”

Annual report 2025A · The company itself

“Parallellt med åtstramande aktiviteter genomförs offensiva satsningar mot nya verksamhetsnischer och kundgrupper. De senaste åren har tillväxten varit stark inom försvarssektorn, där nu samtliga affärsenhetens företag har pågående projekt.”

Annual report 2024A · The company itself

“Hög teknisk kompetens i kombination med spjutspetsteknologi inom skärande bearbetning innebär att företaget kan erbjuda skräddarsydda produktionslösningar, framför allt som kontraktstillverkare mot de stora medicinteknikföretagen samt inom försvars-, flyg- och rymdindustri.”

Annual report 2024A · The company itself

“Kunderna finns främst inom sektorerna fordon och försvar.”

Annual report 2024A · The company itself

“Lasertechs kundstruktur omfattar företag inom branscher som fordon, försvar och medicinteknik.”

Annual report 2024A · The company itself

“Strategiakaudella Infra-liiketoimintasegmentin kasvua tulevat vauhdittamaan pääasiassa energia- ja teollisuushankkeet, raideinfrastruktuuri ja puolustussektori. • Tavoitteena on saavuttaa vähintään 10 prosentin vuosittainen kasvu (päivitetty 6.2.2026, aiempi tavoite 5 prosenttia), vähintään 6 prosentin oikaistu liikevoittoprosentti sekä toimia jatkuvasti negatiivisella sitoutuneella pääomalla.”

Annual report 2025A · The company itself