Kitron Advances in Drone Technology with New EUR 30 Million Deal
Kitron's New Contract for UAV and Drone Market
Kitron has recently announced an important long-term contract worth EUR 30 million focused on producing advanced optical assemblies designed specifically for the Unmanned Aerial Vehicle (UAV) and drone industry.
Impact of the Contract on Kitron's Revenue
This agreement is projected to bring in significant revenues, exceeding EUR 30 million within the ongoing fiscal year. Such financial inflow is a robust indicator of the market's confidence in Kitron's capabilities and the demand for high-quality drone components.
Production Facilities and Expertise
The production will take place in Kitron’s well-equipped facility located in the Czech Republic. Here, the company will utilize its vast experience in assembling complex systems, ensuring that all produced units meet stringent industry standards.
Comments from Leadership
Expressing enthusiasm about the new venture, Peter Nilsson, Kitron's President and CEO, stated, “We are proud to embark on this long-term collaboration, which strengthens our position in supporting technological advancements in unmanned systems.” This sentiment highlights Kitron’s commitment to innovation and excellence in a rapidly expanding sector.
Kitron's Role as a Premier Supplier
The contract further consolidates Kitron’s position as a leading supplier of advanced box-build assemblies, which adhere to rigorous size, weight, and power specifications without sacrificing performance. These assemblies are crucial for various applications, including security operations, surveillance, and inspection services, where superior imaging quality is vital.
About Kitron
Kitron ASA stands as a prominent Scandinavian electronics manufacturing services provider, catering to sectors such as Connectivity, Electrification, Medical Devices, and Defence/Aerospace. Operating across multiple countries, including Norway, Sweden, Denmark, and beyond, Kitron employs around 2,400 people and reported impressive revenues of EUR 775 million in the previous year.
Contact Information for Kitron
For additional inquiries, parties interested may reach out to Peter Nilsson, President and CEO, at +47 948 40 850 or via email at investorrelations@kitron.com.
Frequently Asked Questions
What is the value of Kitron's new contract?
The new contract is valued at EUR 30 million.
Where will the production take place?
The production will occur at Kitron’s facility in the Czech Republic.
What markets does Kitron serve?
Kitron serves various sectors, including Connectivity, Electrification, Medical Devices, and Defence/Aerospace.
How many employees does Kitron have?
Kitron employs approximately 2,400 people globally.
What were Kitron's revenues last year?
Kitron reported revenues of EUR 775 million in the previous year.
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