Kongsberg awards orders to Kitron

(2019-11-25) Kitron has received orders with a value of more than NOK 80 million under the long-term manufacturing agreement with KONGSBERG that was announced 26 October 2018.

The orders are for production of electronics that are part of KONGSBERG ‘s weapon control system, Remote Weapon Station (RWS) for international defense projects.

Production will take place at Kitron's plant in Norway, with startup of production in 2020.

For further information, please contact:

Peter Nilsson, President and CEO, tel. +47 94 84 08 50
Hans Petter Thomassen, Managing Director, Kitron Norway, tel. +47 913 92 360
E-mail: investorrelations@kitron.com

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, Germany, Poland, 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 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.