Kitron - Regulatory Filings 2016 | FinancialReports.eu

Lockheed Martin Awards Contract to Kitron for F-35 Work

(2016-10-25) Kitron has received a multimillion dollar contract from Lockheed

Martin (NYSE: LMT) for production of Integrated Backplane Assembly (IBA) for the

F-35 Low Rate Initial Production program, LRIP 11. Deliveries start this year

and end in 2018.

The IBA is an advanced and complex high-level assembly.

"After years of supplying for the earlier stages of the low rate initial

production program, it is good to see the volume increase to the quantities

expected for full rate production," said Hans Petter Thomassen, Managing

Director of Kitron Norway.

Norway is one of the international partner countries participating in the F-35

program. Under the manufacturing license agreement between Kitron and Lockheed

Martin, Kitron will manufacture, test, maintain and repair the IBA in the F-35.

The F-35 Lightning II is a next generation fighter, combining advanced stealth

with fighter speed and agility, advanced mission systems, fully fused sensor

information, network-enabled operations and cutting-edge sustainment. Three

distinct variants of the F-35 will replace various aircraft for the U.S. Air

Force, Marine Corps and Navy, and 11 international countries.

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. www.kitron.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

AI assistant