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

22 Jan 2025 08:12 CET

(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 (mailto: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 (https://www.kitron.com)

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

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