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Kitron books $3.2 million contract with the Kongsberg Group


June 8, 2011 - London

Kitron, Inc., a subsidiary of Kitron ASA, has received a $3.2 million (about NOK 17 million) contract from Kongsberg Defense Corporation to deliver electronics. Kitron will manufacture components for the Common Remotely Operated Weapon Station (CROWS II) contract that Kongsberg Defence Corporation has with the US Army. Kongsberg Defense Corporation is a wholly owned subsidiary of the Kongsberg Group. The work will be performed in Kitron's new manufacturing facility, located in Johnstown, Pennsylvania.

 

For further information please contact:
Jørgen Bredesen, CEO of Kitron ASA, tel. +47 48 25 25 84 or e-mail jorgen.bredesen@kitron.com
Jan Liholt, Managing Director of Kitron Inc., tel. +1 814 619 0524 or e-mail jan.liholtl@kitron.com

 

Kitron is one of Scandinavia's leading electronic manufacturing services companies for the Defence, 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 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 acc. to §5-12 vphl (Norwegian Securities Trading Act)




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(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

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