NORBIT Secures NOK 125 Million Contract in Defence Sector

Author: Henry Turner Updated: 05-05-2025 01:16 PM

NORBIT Secures Major Contract in Defence Technology

NORBIT, a leading technology provider, has announced a new manufacturing order valued at approximately NOK 125 million from a client in the defence sector. This significant contract marks a pivotal moment for the company as it strengthens its operational foundation and commitment to technological advancement.

Strategic Growth and Partnerships

According to CEO Per Jørgen Weisethaunet, the company’s recent strategic investments in capacity and expertise have yielded fruitful results. "We are well-positioned to serve as an industrial partner for this type of client," he stated, emphasizing the need to scale production of NORBIT’s proprietary technology available globally. This new order highlights NORBIT’s dedication to innovation and its readiness to meet complex demands of the defence industry.

Commitment to Sustainable Development

The contract, with deliveries expected in the second half of 2025, exemplifies NORBIT’s commitment to producing solutions that contribute to regional self-sufficiency. In a world where geopolitical stability is increasingly vital, NORBIT is proud to develop technologies that are crafted in Europe, showcasing their commitment to local economies and sustainable practices.

CEO's Perspective on Market Challenges

Weisethaunet pointed out, "In an increasingly complex geopolitical landscape, we recognize the importance of enhancing local technological capabilities." This viewpoint underscores NORBIT's mission to deliver comprehensive solutions that not only meet client needs but also serve societal interests during challenging times. The company approaches its responsibilities with a deep sense of humility and duty.

About NORBIT ASA

NORBIT stands as a global leader in tailored technology, addressing diverse application challenges while promoting sustainability. The company operates under three primary business segments: Oceans, Connectivity, and Product Innovation & Realization. Each segment offers specialized solutions ranging from maritime applications to wireless tracking technologies, positioning NORBIT as a pivotal player in its fields.

Manufacturing and Workforce

Headquartered in Trondheim, NORBIT boasts production facilities in Europe and North America, employing around 600 professionals. The company’s robust sales and distribution network further amplifies its global reach, ensuring a steady supply of innovative products to meet various market demands.

Contact Information

For further details, the following contacts are available:

Per Jørgen Weisethaunet, CEO: +47 959 62 915

Per Kristian Reppe, CFO: +47 900 33 203

Frequently Asked Questions

What type of contract did NORBIT secure?

NORBIT secured a NOK 125 million contract in the defence sector.

When are the deliveries for the contract scheduled?

The deliveries are scheduled for the second half of 2025.

What are NORBIT's main business segments?

NORBIT operates under three segments: Oceans, Connectivity, and Product Innovation & Realization.

Where is NORBIT headquartered?

NORBIT is headquartered in Trondheim, with manufacturing facilities in Europe and North America.

Who can I contact for more information about NORBIT?

You can contact Per Jørgen Weisethaunet, CEO, or Per Kristian Reppe, CFO, for more information.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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