Marstrom Composite has signed a five-year framework agreement

Marstrom Composite AB, a subsidiary of Scandinavian Astor Group AB (publ), has secured a five-year framework agreement with a prominent western defense industry company. This agreement, valued at approximately SEK 100 million, involves the supply of advanced composite products for defense applications. It establishes a long-term contractual structure with specified delivery volumes, enhancing Marstrom's role as a supplier to international defense programs.

Martin Elovsson, CEO of Astor Group, emphasized the strategic importance of such multi-year agreements, highlighting the trust built through technical expertise, quality, and delivery reliability. The agreement provides operational predictability and supports the company's goal of forming long-term industrial partnerships within the Western defense sector.

The framework agreement includes the series production of structural composite components, requiring high standards of precision, performance, and quality. It outlines terms for future purchases based on customer needs and project developments, fostering stable planning and efficient delivery capacity.

Fredrik Lindblom, CEO of Marstrom, noted that the agreement marks a significant step for the company. It underscores the trust earned through technical expertise and delivery capability, and sets the stage for continued partnership development.

Marstrom specializes in advanced carbon fiber composites and structural solutions for demanding environments, with experience in both defense and civil industries. The company has recently invested in capacity and quality systems to meet rising defense sector demands.

Due to industry sensitivities and national security interests, further details about the client and agreement remain undisclosed.

Scandinavian Astor Group, headquartered in Stockholm, Sweden, operates through Astor Tech, Astor Industry, and Astor Protect, delivering advanced technology and security solutions primarily to the defense sector. The Group is listed on NGM Main Market and Boerse Stuttgart.