Kitron AS Signs Long-Term Supply Agreement with Northrop Grumman
(Thomson Reuters ONE) -
(2015-09-21) Kitron AS, a subsidiary of Kitron ASA, has signed a long-term
agreement with Northrop Grumman Corporation [NYSE: NOC] to supply subassembly
electronic modules for F-35 Lightning II aircraft avionics.
The agreement is effective through 30 June 2036 (30 years) and includes rights
for future extensions.
The companies said the agreement's purpose is to establish a cooperative and
supportive relationship committed to the development of a cost-effective and
technically superior source that will provide the best value for the F-35
Communications, Navigation and Identification (CNI) program.
"This Agreement affirms Kitron's position with Northrop Grumman as an important
partner and supplier of complex electronic modules and technical services like
test development, as well as a source for repair of avionics for the Joint
Strike Fighter", said Hans Petter Thomassen, Managing Director of Kitron AS.
Northrop Grumman's integrated CNI suite provides F-35 pilots with the capability
of more than 27 avionics functions including voice and data communication. The
CNI design uses advanced software-defined radio technology that allows the
simultaneous operation of multiple critical functions while greatly reducing
size, weight and power demands on the advanced fighter aircraft.
The Lockheed Martin [NYSE: LMT] F-35 Lightning II is the world's most advanced
military aircraft combining advanced stealth with fighter speed and agility,
advanced mission systems, fully fused sensor information, network-enabled
operations and cutting-edge sustainment.
For more than a decade, the United States, Norway and seven other partner
nations have invested in developing this 5th generation, international,
multirole fighter that the Norwegian Ministry of Defence has said will be "one
of the core capabilities of our future defence structure, representing a
significant increase in our combat capabilities." In addition to the nine
partners, three countries have agreed to procure F-35 aircraft through the
Foreign Military Sales process.
The first F-35A Lightning II for Norway is scheduled for delivery tomorrow,
September 22, 2015.
For further information please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50 or e-mail
peter.nilsson(at)kitron.com
Hans Petter Thomassen, Managing Director of Kitron AS, tel. +47 91 39 23 60 or
e-mail hans.petter.thomassen(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
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#1949620]
Unternehmensinformation / Kurzprofil:
Datum: 21.09.2015 - 08:30 Uhr
Sprache: Deutsch
News-ID 421341
Anzahl Zeichen: 3748
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 142 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Kitron AS Signs Long-Term Supply Agreement with Northrop Grumman"
steht unter der journalistisch-redaktionellen Verantwortung von
Kitron ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
