(2017-05-12) Kitron has received a NOK 34 million order from Kongsberg Defence Systems for military communications equipment.
The equipment to be supplied is related to an existing contract for deliveries to Hungary.
Kitron will supply various communications products, and production will be done by Kitron in Arendal. Deliveries will take place in 2018.
Frank Stølan, Executive Vice President of Kongsberg Defence Systems, said:
"We are very satisfied once again to be able to award a major order with Kitron. The last twelve months we have placed orders totalling 177 MNOK with Kitron for world-class tactical communications equipment. We are a very determined company with dedicated people and prove again that we are a reliable partner able to compete in a very tough international market."
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
E-mail: investorrelations@kitron.com
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 2.1 billion in 2016 and has about 1 350 employees. www.kitron.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.