Kitron's New €4 Million Defense Contract Boosts Growth Prospects

Author: Evelyn Baker Updated: 07-02-2025 07:00 AM

Kitron Secures Major Defense Contract

Kitron has successfully clinched an impressive order worth EUR 4 million. This contract tasks the company with producing essential electronics modules intended for airborne radar applications, specifically targeting the U.S. market. The award significantly enhances Kitron's reputation as a vital player in the defense industry.

Strengthening Market Position

This contract is more than just a financial boost; it serves as a testament to Kitron's robust capabilities and commitment to expanding its market share within the defense sector. Hans Petter Thomassen, Executive Vice President for the Nordics and North America at Kitron, expressed confidence in the company's position, stating that it reflects their strength as a partner in a long-term defense program.

Production and Delivery Schedule

Production for this contract will utilize existing manufacturing facilities in Europe, ensuring that quality and efficiency are maintained. Deliveries for these electronics modules are scheduled to commence in 2026, aligning with strategic timelines for defense project implementations.

About Kitron

Kitron stands out as a leading Scandinavian electronics manufacturing services provider. Their expertise spans various sectors, including Connectivity, Electrification, Industry, Medical devices, and Defense/Aerospace. The company’s operational footprint includes locations in multiple countries, including Norway, Sweden, Denmark, Germany, Lithuania, Poland, the Czech Republic, India, Malaysia, China, and the United States. With a dedicated workforce of approximately 2,400 employees, Kitron reported impressive revenues of EUR 647 million in the previous year.

Contact Information

For any inquiries, you can reach out to Kitron's management. Peter Nilsson, the President and CEO, is available at +47 948 40 850, while Hans Petter Thomassen, VP for the Nordics and North America, can be contacted at +47 91392360. Additional communication can be directed to their email: investorrelations@kitron.com.

Frequently Asked Questions

What is the significance of Kitron's new contract?

The EUR 4 million contract enhances Kitron's reputation and market position within the defense industry.

Where will the production take place?

Production will occur in Kitron’s existing European manufacturing facilities.

When are deliveries expected to begin?

Deliveries are scheduled to start in 2026.

What sectors does Kitron operate in?

Kitron operates across various sectors, including medical devices, defense, aerospace, and more.

How can I contact Kitron for more information?

You can contact Peter Nilsson or Hans Petter Thomassen via their provided phone numbers or through the email address listed above.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

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