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Kitron: Leading defence manufacturer awards Kitron order for deliveries to U.S. Army
19 Dec 2024 07:32 CET
Issuer
Kitron ASA
(2024-12-19) The order has an annual value of over USD 5 million, with a
potential extension of the program for an additional two years.
The order is for custom electronics for the U.S. Army and allied
forces. Production will take place at Kitron's U.S. facility in Windber, PA, and
deliveries are expected to start in mid-2025.
"We are very pleased to announce this continued collaboration with our long-term
partner supporting this important program. This announcement confirms Kitron's
previous communication about increased demand in the Defence and Aerospace
market sector," said Gary Tarallo, Managing Director for Kitron's U.S.
operations. "Adding this program to an already impressive portfolio of Defense
programs is great recognition for Kitron U.S."
For further information, please contact:
Gary Tarallo, Managing Director, Kitron Technologies, Inc. tel.: +1 603 490 3251
Hans Petter Thomassen, VP Nordics & North America tel.: +47 913 92 360
E-mail: investorrelations@kitron.com (mailto:investorrelations@kitron.com)
Kitron is a leading Scandinavian electronics manufacturing services company
forthe Connectivity, Electrification, Industry, Medical devices and
Defence/Aerospace sectors. The group is located in Norway, Sweden,
Denmark,Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China
and the United States. Kitron has about 2 500 employees, and revenues were EUR
775 million in 2023.
www.kitron.com (http://www.kitron.com)
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
More information:
Access the news on Oslo Bors NewsWeb site
Source
Kitron ASA
Provider
Oslo Børs Newspoint
Company Name
KITRON
ISIN
NO0003079709
Symbol
KIT
Market
Euronext Oslo Børs