Kromek has announced that it has received a new biosecurity award from the UK Ministry of Defence (MoD) as well as other orders in the CBRN Detection segment worth a total of c£860k, with the majority to be delivered during 1H26. We consider the orders provide increased visibility on Kromek’s future revenues and reflect the company’s building momentum within this segment. We maintain our forecasts and reiterate our investment thesis, underpinned by our DCF-derived 26p target price.
