FORTEC Elektronik AG Secures $4 Million Defense Contract to Deliver Power Solutions
DEFENSE
FORTEC Elektronik AG has secured a $4 million defense contract through its subsidiary, FORTEC Power, to provide specialized power solutions for defense applications, with deliveries expected over several years. The contract is anticipated to positively impact revenue starting in fiscal year 2026/2027, while the company has also proposed a reduced dividend of €0.40 per share amidst a reported backlog of €44.3 million. Analysts maintain a buy recommendation with a target price of €17.00.

Jan 23, 2026, 1:01 PM