(2019-10-31) Kitron has received an order with a value of more than NOK 90 million from Kongsberg Defence & Aerospace AS.
The order is for communication equipment in K-TaCS and Nasams air defence systems supplied by Kongsberg.
Deliveries will start in 2020 and continue into 2021. Production will take place at Kitron's plant in Arendal, Norway.
"This order underlines the long and close relationship between Kongsberg and Kitron, and we are very happy to build on this relationship by placing yet another order with Kitron, thus illustrating the value of the Norwegian defence industry cluster," said Frank Stølan, Executive Vice President, Kongsberg Defence & Aerospace.
"We are seeing a strong trend within the Defence/Aerospace market sector, leading to increased activity at our plant in Arendal, Norway. This order is definitely an excellent illustration of this trend," said Hans Petter Thomassen, Managing Director, Kitron Norway.
For further information, please contact:
Peter Nilsson, President and CEO, tel. +47 948 40 850
Hans Petter Thomassen, Managing Director, Kitron Norway, tel. +47 913 92 360
E-mail: investorrelations@kitron.com
Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence/Aerospace, Energy/Telecoms, Industry, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Poland, Germany, China and the United States. Kitron had revenues of about NOK 2.6 billion in 2018 and has about 1 700 employees. www.kitron.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
