Kitron receives order from Kongsberg
(Thomson Reuters ONE) -
(2014-10-09) Kitron has received a new order worth approximately NOK 51 million
from Kongsberg Gruppen for delivery of electronic modules that are part of
Kongsbergs's weapon control system Remote Weapon Station (RWS).
It is Kitron's American subsidiary Kitron Inc. that has received the order from
Kongsberg Defence & Aerospace AS. The order is related to the CROWS program in
the United States and includes delivery of electronic modules. Production will
take place at Kitron's plants in Johnstown, United States, and Arendal, Norway.
Product deliveries will begin in early 2015 and continue throughout 2015.
"This is an important agreement for Kitron, and it secures further order
visibility for the business in the United States. Kitron is working hard to
expand in the defence sector, and this year's order intake has demonstrated that
this approach is successful," said acting CEO of Kitron, Dag Songedal.
Concurrent with the new order, Kitron has been informed that parts of the order
that was made public in December 2012, for delivery in 2014 and 2015, will shift
slightly in time. Deliveries for this order have already started, but the main
volume will move forward in time to the second half of 2015 and to 2016.
For further information please contact:
Dag Songedal, interim CEO, 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 1.6
billion in 2013 and has about 1,200 employees. www.kitron.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1861702]
Unternehmensinformation / Kurzprofil:
Datum: 09.10.2014 - 08:30 Uhr
Sprache: Deutsch
News-ID 342942
Anzahl Zeichen: 2576
contact information:
Town:
Oslo
Kategorie:
Business News
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"Kitron receives order from Kongsberg"
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