MilDef (MILDEF · OMX)

Aerospace & DefenseOMXEUROPESmall

NATO's Force Multiplier

MilDef, a Stockholm-listed defence-tech company, makes the battle-ready computers, networks and tactical software armies rely on in the field. As Europe rearms, it is now winning its largest-ever orders.

MilDef Group AB

MILDEF: OMX

230.70 SEK

+92.25%

year to date

Source: Finnhub

Market CapSEK10.81B

Avg Volume328.12K

PriceSEK230.70+0.52%

P/E Ratio40.28ttm

Yield0.33%

Pricing delayed 20 minutes Oct 23, 2026, 12:00 AM

Bull case for MilDef

A Direct Play on Europe's Rearmament
Rising, multi-year defence budgets give MilDef a long demand runway.
Moving Up the Defence Value Chain
Higher-margin software and systems work lifts profitability as it scales.
A Landmark Deal Now Unlocking Europe
Germany deal opens the large DACH and pan-European market.

Bear case for MilDef

Lumpy Orders and Uneven Quarters
A few large contracts can swing any single quarter sharply.
Integration and Execution Risk
Absorbing roda and scaling capacity could strain the business.
Margins May Not Hold
Strong recent margins were flattered by favourable product mix.