Kitron - Regulatory Filings 2016 | FinancialReports.eu

Northrop Grumman Awards Radar Contracts to Kitron

(2016-03-31) Kitron has been selected as an international source for

manufacturing of a sub-assembly related to the JSF Radar system developed by

Northrop Grumman Corporation (NYSE: NOC) for the F-35 Lightning II.

The sub-assembly called IF Receiver was won by Kitron Norway in a best value

competition. The potential value of the sub-assemblies is more than 500 million

NOK over the lifetime of the agreement.

The contract covers the initial steps of transferring technical knowhow and

manufacturing prototypes for testing and validation, as well as designing and

building equipment for testing the IF Receiver. This process will be on-going to

mid 2017.

"This contract once more confirms that Kitron is a cost-efficient and

competitive source for complex high-level assemblies. It is also proof that our

supporting technical services, such as our ability to design advanced test

equipment, are important for customers like Northrop Grumman. Kitron has

established itself as a preferred long-term supplier for the Joint Strike

Fighter," 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 Northrop

Grumman, Kitron will manufacture the sub-assembly for the F-35 Joint Strike

Fighter.

The Lockheed Martin (NYSE: LMT) F-35 Lightning II is the world's most advanced

military aircraft, combining advanced stealth with fighter speed and agility,

advanced mission systems, fully fused sensor information, network-enabled

operations and cutting-edge sustainment.

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 1 200 employees. www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act).

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