Kitron - Regulatory Filings 2019 | FinancialReports.eu

Kongsberg awards orders to Kitron

(2019-10-31) Kitron has received an order with a value of more than NOK 90

million from Kongsberg Defence & Aerospace AS.

The order is for communication equipment in K-TaCS and Nasams air defence

systems supplied by Kongsberg.

Deliveries will start in 2020 and continue into 2021. Production will take place

at Kitron's plant in Arendal, Norway.

"This order underlines the long and close relationship between Kongsberg and

Kitron, and we are very happy to build on this relationship by placing yet

another order with Kitron, thus illustrating the value of the Norwegian defence

industry cluster," said Frank Stølan, Executive Vice President, Kongsberg

Defence & Aerospace.

"We are seeing a strong trend within the Defence/Aerospace market sector,

leading to increased activity at our plant in Arendal, Norway. This order is

definitely an excellent illustration of this trend," said Hans Petter Thomassen,

Managing Director, Kitron Norway.

For further information, please contact:

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

Hans Petter Thomassen, Managing Director, Kitron Norway, tel. +47 913 92 360

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defence/Aerospace, Energy/Telecoms, Industry, Medical devices

and Offshore/Marine sectors. The company is located in Norway, Sweden,

Lithuania, Poland, Germany, China and the United States. Kitron had revenues of

about NOK 2.6 billion in 2018 and has about 1 700 employees. www.kitron.com

(http://www.kitron.com)

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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