Major New Order for Kitron
Kitron has successfully secured a significant order valued at EUR 19 million for the production and supply of advanced electronic components tailored for guidance, control, and targeting systems. This substantial contract exemplifies the trust placed in Kitron by its long-standing defense clients.
Strengthening Defense Capabilities
This order marks an extension of Kitron's existing business relationship with a prominent defense customer. It reaffirms Kitron's position as a reliable provider of mission-critical electronic systems essential for sophisticated weaponry. The successful delivery of these components will enhance the operational readiness of advanced systems in defense applications.
Production Timeline and Location
Production is slated to commence in the second half of 2027 at one of Kitron's European facilities. This timeline reflects Kitron's commitment to delivering high-quality electronics efficiently. As one of the key players in the defense sector, Kitron is poised to meet the growing demand for reliable and advanced technology.
Leadership Insights
Peter Nilsson, the President and CEO of Kitron, commented on this development: “This order extension underscores the trust our defense customers place in Kitron’s ability to deliver high-reliability electronics for complex and sensitive applications. It supports the long-term growth ambitions we have communicated within Defense & Aerospace and further strengthens our position in the guidance, control, and targeting systems domain.” His enthusiasm reflects Kitron's dedication to innovation in the defense arena.
About Kitron
Kitron stands as a leading electronics manufacturing services provider across Scandinavia, focusing on several key sectors, including Connectivity, Electrification, Industry, Medical Devices, and Defence/Aerospace. With operational facilities located in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, Kitron is well-positioned in the global market. The company boasts approximately 3,000 employees and reported impressive revenues of EUR 647 million in the previous fiscal year.
Contact Information
For additional details, interested parties can reach out to:
Peter Nilsson, President and CEO, tel. +47 948 40 850
Hans Petter Thomassen, VP Central Nordics and North America, tel. +47 913 92 360
Email: investorrelations@kitron.com
Frequently Asked Questions
What is the value of the order Kitron received?
The order has an estimated value of EUR 19 million.
What type of components will Kitron produce?
Kitron will produce advanced electronic components for guidance, control, and targeting systems.
When will production start?
Production is set to begin in the second half of 2027.
What sectors does Kitron operate in?
Kitron operates in Connectivity, Electrification, Industry, Medical Devices, and Defence/Aerospace sectors.
How many employees does Kitron have?
Kitron employs approximately 3,000 individuals across its various locations.
