Kitron - M&A Activity 2025 | FinancialReports.eu

Kitron: Kitron receives new order for Joint Strike Missile

(2025-02-18) Kitron has received an order with a value of about NOK 73

million covering electronics for the Joint Strike Missile (JSM) supplied by

Kongsberg Defence & Aerospace (KONGSBERG).

"Kitron has long been actively engaged in the JSM program, and this order

significantly boosts our order backlog related to this critically important

weapon system. We are delighted that KONGSBERG has once again turned to Kitron

for our services in this growing market segment," says Hans Petter Thomassen, VP

Nordics & North America.

Deliveries under the new order are set to commence in 2026. Production will take

place at Kitron's facility in Arendal, Norway.

The JSM is an air-launched cruise missile developed based on the well-proven and

modern technology of the Naval Strike Missile (NSM) program, for which Kitron

also provides electronics manufacturing services.

For further information, please contact:

Peter Nilsson, President and CEO, tel. +47 948 40 850

Hans Petter Thomassen, VP Nordics & North America, tel.: +47 913 92 360

Kitron is a leading Scandinavian electronics manufacturing services company for

the Connectivity, Electrification, Industry, Medical devices and

Defence/Aerospace sectors. The group has operations located in Norway, Sweden,

Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China

and the United States. Kitron has about 2 400 employees, and revenues were EUR

647 million in 2024.

www.kitron.com (https://www.kitron.com)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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