Kitron signs frame agreement with Rheinmetall
(Thomson Reuters ONE) -
(2015-09-09) Rheinmetall AG, a leader within automotive components and defence
equipment with head office in Düsseldorf, Germany, has selected Kitron ASA as
manufacturing partner for its global defence division.
The scope of the contract is delivery of electronics manufacturing services
(EMS), including board assembling (PCBA), box-build, test development and high-
level assembly. The contract has a value of NOK 100 million over a three-year
period starting in the fourth quarter of 2015.
Kitron's facilities in both Norway and Lithuania will contribute to the
contract.
Jens Ahlborn, Commodity manager of Rheinmetall Defence Electronics, said:
"Kitron is a high-performance supplier in the defence and aircraft industry. The
technical facilities of Kitron allow them to react quickly and flexibly to
individual customer requirements. The application of modern methods and
processes are the reason why they are the most economical and the fastest to
respond to customer request. We think that the frame agreement paves the way for
a long, successful cooperation."
Tommy P. Storstein, Corporate sales director of Kitron, said:
"This agreement demonstrates our competitiveness in a global market where
quality, competence, flexibility and delivery precision are of essential
importance. Rheinmetall is one of the leading players within the defence
industry and they expect only the highest standards from their suppliers. We are
extremely pleased that we have passed their extensive quality audits and that
they now have selected us as manufacturing partner."
For further information please contact:
Peter Nilsson, CEO Kitron ASA, tel. +47 948 40 850 or e-mail
peter.nilsson(at)kitron.com
Tommy P. Storstein, Corporate sales director Kitron ASA, tel. +47 93 66 99 09 or
e-mail tommy.storstein(at)kitron.com
Kitron is one of Scandinavia's leading electronics manufacturing services
companies for the Defence/Aerospace, 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 1.75 billion in 2014 and has about 1 200 employees. www.kitron.com
Rheinmetall Defence is a part of the globe-spanning Rheinmetall Group. Its
products set the global standard for excellence in a wide array of disciplines:
from vehicles, force protection and weapon systems to infantry equipment and air
defence, and from network-enabled warfare capabilities to electro-optics and
simulation technology. Last year, Rheinmetall Defence's 10 000 employees
generated annual sales of ?2.24 billion. www.rheinmetall.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(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#1934099]
Unternehmensinformation / Kurzprofil:
Datum: 09.09.2015 - 08:30 Uhr
Sprache: Deutsch
News-ID 418728
Anzahl Zeichen: 3583
contact information:
Town:
Oslo
Kategorie:
Business News
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