Kitron selected as main electronics supplier for KONGSBERG's weapon station system
November 07 2022 - 1:23AM
Kitron selected as main electronics supplier for KONGSBERG's weapon
station system
(2022-11-07) Kitron has entered into a long-term production
agreement with an expected value of NOK 750 million with Kongsberg
Defense & Aerospace AS for electronic modules that are part of
KONGSBERG’s remote weapon station system (RWS).
“This is a significant agreement for Kitron. It both extends and
expands our strong collaboration with KONGSBERG,” says Peter
Nilsson, CEO of Kitron.
On Monday, 31 October, KONGSBERG announced a new 5-year
framework agreement with the U.S. Army for its version of the
Common Remotely Operated Weapon Station (CROWS).
For Kitron's production facilities in the USA and Norway, the
CROWS program is expected to generate annual revenues of NOK 150
million over the next five years. The volume will depend on demand
and the annual budget process in the US and may therefore be either
lower or higher.
In total, KONGSBERG has delivered more than 18,000 weapon
station systems across all defence branches to the US military. The
system is intended to provide protection and a better
decision-making basis for soldiers or operators.
For further information, please contact:Peter Nilsson, President
and CEO, tel. +47 948 40 850Hans Petter Thomassen, Managing
director, Kitron Norway, tel.: 47 913 92 360E-mail:
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 is located
in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech
Republic, India, China and the United States. Included the
acquisition of BB Electronics in January 2022, Kitron has about 2
800 employees, and pro forma revenues were about NOK 5 billion in
2021.
www.kitron.com
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Ac
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