Northrop Grumman Awards Radar Contracts to Kitron
(Thomson Reuters ONE) -
(2016-03-31) Kitron has been selected as an international source for
manufacturing of a sub-assembly related to the JSF Radar system developed by
Northrop Grumman Corporation (NYSE: NOC) for the F-35 Lightning II.
The sub-assembly called IF Receiver was won by Kitron Norway in a best value
competition. The potential value of the sub-assemblies is more than 500 million
NOK over the lifetime of the agreement.
The contract covers the initial steps of transferring technical knowhow and
manufacturing prototypes for testing and validation, as well as designing and
building equipment for testing the IF Receiver. This process will be on-going to
mid 2017.
"This contract once more confirms that Kitron is a cost-efficient and
competitive source for complex high-level assemblies. It is also proof that our
supporting technical services, such as our ability to design advanced test
equipment, are important for customers like Northrop Grumman. Kitron has
established itself as a preferred long-term supplier for the Joint Strike
Fighter," said Hans Petter Thomassen, Managing Director of Kitron Norway.
Norway is one of the international partner countries participating in the F-35
program. Under the manufacturing license agreement between Kitron and Northrop
Grumman, Kitron will manufacture the sub-assembly for the F-35 Joint Strike
Fighter.
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 further information please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 948 40 850
Hans Petter Thomassen, Managing Director of Kitron Norway, tel. +47 913 92 360
E-mail: investorrelations(at)kitron.com
Kitron is one of Scandinavia's leading electronics manufacturing services
companies for the Defence, Energy/Telecoms, Industry, Medical devices and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had revenues of about NOK 1.95
billion in 2015 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#1999189]
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2016 - 10:42 Uhr
Sprache: Deutsch
News-ID 460899
Anzahl Zeichen: 3109
contact information:
Town:
Oslo
Kategorie:
Business News
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