Kitron - Regulatory Filings 2015 | FinancialReports.eu

Kitron receives order from Kongsberg

(2015-05-18) Kitron has, through its subsidiary Kitron AS in Arendal, received

an order from Kongsberg Defence & Aerospace AS for military communications

equipment.

The equipment to be supplied is linked to contracts for deliveries to Hungary.

Kitron will supply various communications products, and production will be done

by Kitron in Arendal. The contract has a value for Kitron of NOK 32 million, and

deliveries will take place in 2015 and 2016.

Stig-Are Mogstad, Executive Vice President of Kongsberg Defence Systems, said:

"It is with great satisfaction that we once again award a major order for

advanced tactical communications equipment to Kitron, this time for equipment to

the NATO member Hungary. The communications equipment portfolio is currently

developing rapidly, to a large degree thanks to Kitron's consistent quality,

high level of competence within production, assembly and testing, and not least

delivery precision. The Hungary contract is an excellent example of how the

Norwegian tactical communications cluster is able to compete and win defence

orders in the face of tough international competition."

For further information please contact:

Peter Nilsson, CEO Kitron ASA, tel. +47 948 40 850 or e-mail

Dag Songedal, Managing Director Kitron AS, tel. +47 91 38 64 68 or e-mail

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defence/Aerospace, 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 1.75 billion in 2014 and has about 1 200 employees. www.kitron.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1922021]

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