Kitron: Kitron receives new order for Joint Strike Missile

18 Feb 2025 21:17 CET

(2025-02-18) Kitron has received an order with a value of about NOK 73
million covering electronics for the Joint Strike Missile (JSM) supplied by
Kongsberg Defence & Aerospace (KONGSBERG).

"Kitron has long been actively engaged in the JSM program, and this order
significantly boosts our order backlog related to this critically important
weapon system. We are delighted that KONGSBERG has once again turned to Kitron
for our services in this growing market segment," says Hans Petter Thomassen, VP
Nordics & North America.

Deliveries under the new order are set to commence in 2026. Production will take
place at Kitron's facility in Arendal, Norway.

The JSM is an air-launched cruise missile developed based on the well-proven and
modern technology of the Naval Strike Missile (NSM) program, for which Kitron
also provides electronics manufacturing services.

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
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
647 million in 2024.

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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