Manufacturing agreement with Kongsberg
(Thomson Reuters ONE) -
Kitron AS, a subsidiary of Kitron ASA, has signed a 5 year manufacturing
agreement with Kongsberg related to deliveries of electronics to the NSM (Naval
Strike Missile). The parties have also agreed on a letter of intent to co-
operate in the first phase of the manufacturing of electronics for the JSM
(Joint Strike Missile). In connection with the signing of the agreement Kitron
has received the first order for the NSM, which amount to NOK 15 million, and is
for delivery in the first half of 2012.
Kitron has significant expectations to the agreement, and consider the signing
to be an acknowledgment of Kitron's competence within complex electronics for
the defense industry.
For further information please contact:
Jørgen Bredesen, CEO of Kitron ASA, tel. +47 48 25 25 84 or e-mail
jorgen.bredesen(at)kitron.com
Dag Songedal, Managing Director of Kitron AS, tel. +47 91 38 64 68 or e-
maildag.songedal(at)kitron.com
Kitron is one of Scandinavia's leading Electronic Manufacturing Services
companies for the Data/Telecoms, Defence, Energy, Industry, Medical equipment
and Offshore/Marine sectors. The company is located in Norway, Sweden,
Lithuania, Germany, China and USA. Kitron had a revenue of about NOK 1.7 billion
in 2010 and has about 1,100 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 Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1504307]
Unternehmensinformation / Kurzprofil:
Datum: 07.04.2011 - 09:03 Uhr
Sprache: Deutsch
News-ID 53267
Anzahl Zeichen: 2126
contact information:
Town:
Oslo
Kategorie:
Business News
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"Manufacturing agreement with Kongsberg"
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