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Kitron receives communications order from KONGSBERG

Mittwoch, 15.02.2017 10:25

(2017-02-15) Kitron has received a NOK 120 million order from Kongsberg Defence Systems (KONGSBERG) for military communications equipment.

The equipment to be supplied is related to a contract for deliveries to KONGSBERG portfolio of projects in communication equipment.

Under this contract Kitron will supply various communications products, materials kits, technical services and test equipment. Manufacturing and technical services will be provided by Kitron in Arendal. The contract scope has an estimated value of NOK 120 million, and deliveries will take place from 2017 to 2020.

"In line with Kitron's strategy of expanding service revenues, we have over the past years worked closely with KONGSBERG to expand our cooperation to include support and services for KONGSBERG's clients. This order shows that this strategy has succeeded and it further strengthens the close cooperation between KONGSBERG and Kitron", said Hans Petter Thomassen, Managing Director of Kitron Norway.

Frank Stølan, Executive Vice President of Kongsberg Defence Systems, said:
"Kitron and KONGSBERG have a strong and professional cooperation and this secures continued delivery of world class communication equipment to our customers. Both companies must be able to be at the competitive edge, and the dedicated people we have makes this possible."

For further information, please contact:
Peter Nilsson, CEO of Kitron ASA, tel +47 948 40 850
Hans Petter Thomassen, Managing Director of Kitron Norway, tel: +47 913 92 360

Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence, Energy/Telecoms, Industry, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.95 billion in 2015 and has about 1 250 employees.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kitron ASA via Globenewswire