Kitron receives orders from Kongsberg
(Thomson Reuters ONE) -
(2012-12-21) Kitron has received new orders of about NOK 50 million from
Kongsberg for delivery of electronic modules that are part of Kongsberg's weapon
control system Remote Weapon Station (RWS).
It is the US subsidiary of Kitron, Kitron Inc., that has received the orders
from Kongsberg Defence & Aerospace AS. The orders are related to an
international vehicle program and includes both industrialization services, test
development projects and delivery of products. Manufacturing will take place at
Kitron's factories in Johnstown, USA, and in Arendal, Norway. Deliveries will
mainly take place in 2014 and 2015.
"This is a very important agreement for Kitron. The end customer is new to us,
and the potential is large. The future looks promising in the defense segment
and we have a strong momentum in this segment, "says Kitron CEO Jørgen Bredesen,
pointing out that several large contracts has been won in the last months.
During the third quarter Kitron secured two other major contracts with
Kongsberg; a manufacturing agreement for electronics modules for the US Army for
CROWS weapon station and an order related to military communications equipment.
In addition, Kitron is involved in several other defense programs including
Lockheed Martin and Kongsberg. The Defence segment is also a priority for
Kitron's new operation in Germany.
For further information please contact:
Jørgen Bredesen, CEO of Kitron ASA, tel. +47 48 25 25 84 or e-mail
jorgen.bredesen(at)kitron.com
Dag Songedal, Managing Director of Kitron AS, tel. +47 91 38 64 68 or e-mail
dag.songedal(at)kitron.com
Kitron is one of Scandinavia's leading electronics manufacturing services
companies for the Defence, Energy/Telecoms, Industry, Medical equipment and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had revenues of about NOK 1.7
billion in 2011 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
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kitron ASA via Thomson Reuters ONE
[HUG#1667080]
Unternehmensinformation / Kurzprofil:
Datum: 21.12.2012 - 14:36 Uhr
Sprache: Deutsch
News-ID 215268
Anzahl Zeichen: 2852
contact information:
Town:
Oslo
Kategorie:
Business News
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