Kitron - Regulatory Filings 2017 | FinancialReports.eu

Kitron receives communications order from KONGSBERG

(2017-02-15) Kitron has received a NOK 120 million order from Kongsberg Defence

Systems (KONGSBERG) for military communications equipment.

The equipment to be supplied is related to a contract for deliveries to

KONGSBERG portfolio of projects in communication equipment.

Under this contract Kitron will supply various communications products,

materials kits, technical services and test equipment. Manufacturing and

technical services will be provided by Kitron in Arendal. The contract scope has

an estimated value of NOK 120 million, and deliveries will take place from 2017

to 2020.

"In line with Kitron's strategy of expanding service revenues, we have over the

past years worked closely with KONGSBERG to expand our cooperation to include

support and services for KONGSBERG's clients. This order shows that this

strategy has succeeded and it further strengthens the close cooperation between

KONGSBERG and Kitron", said Hans Petter Thomassen, Managing Director of Kitron

Norway.

Frank Stølan, Executive Vice President of Kongsberg Defence Systems, said:

"Kitron and KONGSBERG have a strong and professional cooperation and this

secures continued delivery of world class communication equipment to our

customers. Both companies must be able to be at the competitive edge, and the

dedicated people we have makes this possible."

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 to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

AI assistant