Kitron ASA

Kitron: Kongsberg Awards Kitron New Order for Naval Strike Missile Electronics

(2025-01-22) Kitron has received an order with a value of NOK 300 million from Kongsberg Defence & Aerospace (KONGSBERG).

The order covers electronics for the Naval Strike Missile (NSM) and extends a similar contract awarded in June 2024.

Deliveries under the new order are set to commence in 2026, with production taking place at Kitron’s facilities in Arendal, Norway.

“We are very pleased to announce this order, which confirms Kitron’s position as a robust and reliable Kitron and industrial partner for Kongsberg,” says Heine Østby, Managing Director, Kitron Norway. “The long-standing collaboration between our two companies continues to strengthen, and Kitron’s ongoing investment in a new production facility in Arendal is well aligned with this increase in orders. This ensures secure and efficient deliveries for this critically important system.”

“This new order aligns with the long-term growth expectations outlined in last year’s Capital Markets Presentation on December 10, further solidifying Kitron’s position in the defense and missile systems market”, says Peter Nilsson, President and CEO of Kitron.

For further information, please contact:
Peter Nilsson, President and CEO, tel. +47 948 40 850
Hans Petter Thomassen, VP Nordics & North America tel.: +47 913 92 360
Heine Østby, MD Kitron Norway, tel. +47 472 42 606
E-mail: investorrelations@kitron.com

Kitron is a leading Scandinavian electronics manufacturing services company for the Connectivity, Electrification, Industry, Medical devices and Defence/Aerospace sectors. The group has operations located in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China and the United States. Kitron has about 2 400 employees, and revenues were EUR 775 million in 2023.

www.kitron.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act