Kitron receives order from Kongsberg Gruppen
(2014-03-28) Kitron has received a new order worth approximately NOK 30 million
from Kongsberg Gruppen to supply electronics modules for integration in
Kongsberg's weapon guidance system Remote Weapon Station (RWS). In addition
Kitron has received a prognosis for orders of a further NOK 20 million.
It is Kitron's subsidiary Kitron AS that has received the order from Kongsberg
Defence & Aerospace AS. The orders will be filled under the existing frame
agreement between the companies. The products will mainly be delivered in 2014
and 2015, and the products will be manufactured at Kitron's plant in Arendal,
Norway.
"This is a very important order for Kitron, and for Kitron in Arendal. The
defence segment is one of Kitron's focus areas, and these orders strengthen
Kitron's position in this market," said Kitron's interim CEO Dag Songedal.
For further information please contact:
Dag Songedal, interim CEO, tel. +47 91 38 64 68 or e-mail
dag.songedal@kitron.com
Kitron is one of Scandinavia's leading electronics manufacturing services
companies for the Defence, Energy/Telecoms, Industry, Medical equipment and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had revenues of about NOK 1.6
billion in 2013 and has about 1,200 employees. www.kitron.com
This information is subject of the disclosure requirements acc. to ยง5-12 vphl
(Norwegian Securities Trading Act).
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