BRONSCHHOFEN, SWITZERLAND – Cicor announced sales of CHF107.3 million ($117.8 million) in the first quarter, up 11.8% compared to last year's first quarter.

The main contribution to growth came from the acquisition of STS Defence, which was finalized in January, the company said.

Looking to the full year, Cicor said it expects revenue in the range of CHF460 million to CHF500 million ($505 million to $549.1 million).

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