Cicor secures two defense contracts worth CHF 20 mln in 2027

Cicor Group has secured two multi-year defense contracts, each valued at around CHF 10 million, according to projections for 2027. These contracts represent significant growth opportunities for the company as it continues to expand its footprint in the European aerospace and defense sector. One of the contracts is with a new customer, demonstrating the company's increasing relevance in the market.

The production of these defense programs will be carried out at Cicor's existing facilities in France and the United Kingdom, reinforcing the company's established presence in these regions. The contracts align with the company's strategic expansion plans in the French aerospace and defense market, further solidifying its position in this competitive industry.

In addition to these new contracts, Cicor has recently completed the acquisition of its manufacturing site in Senai, Malaysia. This acquisition, coupled with a strategic supply agreement with EDMI, is expected to contribute an annual revenue exceeding $50 million. The Malaysian facility acquisition is a crucial step in advancing Cicor's manufacturing presence in Southeast Asia, allowing the company to serve its customers worldwide from this new location.

Alexander Hagemann, the CEO of Cicor Group, expressed his satisfaction with these developments, stating that the two multi-year defense programmes, one of them with a new customer, confirm the company's focus on the European Aerospace and Defense market is yielding positive results. He also highlighted the significance of the Senai acquisition in expanding Cicor's global manufacturing network.