Kitron signs contract with Rheinmetall
(Thomson Reuters ONE) -
(2017-02-24) Kitron has signed an agreement with Rheinmetall MAN Military
Vehicles. The potential contract value is NOK 250 million over a five-year
period. The agreement covers manufacturing of electronics, measuring instruments
and control devices.
The production will take place at Kitron's plant in Kaunas, Lithuania.
"One and a half year ago we announced a new contract with Rheinmetall Defence
Electronics. Our operational performance and ability to fulfil our obligations
have opened new opportunities with other Rheinmetall divisions. This new
contract with Rheinmetall MAN Military Vehicles is a typical example of how we
grow new business through horizontal integration with existing customers," said
Tommy P. Storstein, Corporate sales director of Kitron ASA.
For further information, please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50
Tommy P. Storstein, Corporate sales director of Kitron ASA, tel. +47 93 66 99 09
E-mail: investorrelations(at)kitron.com
Kitron is one of Scandinavia's leading electronic manufacturing services
companies for the Data/Telecoms, Defense, Energy, Industry, Medical devices and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had revenue of about NOK 2.1
billion in 2016 and has about 1,350 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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kitron ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.02.2017 - 13:01 Uhr
Sprache: Deutsch
News-ID 526419
Anzahl Zeichen: 2052
contact information:
Town:
Oslo
Kategorie:
Business News
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"Kitron signs contract with Rheinmetall"
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