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Kitron ASA ( (GB:0F0J) ) has shared an announcement.
Kitron has secured a significant long-term contract to produce advanced optical devices for the UAV and drone market, expected to generate over 30 million euros in revenue by 2025. This contract, which will be fulfilled at Kitron’s Czech Republic facility, reinforces the company’s role as a key supplier in unmanned systems and enhances its industry positioning, particularly in security, surveillance, and inspection applications where high-quality imaging is crucial.
More about Kitron ASA
Kitron ASA is a leading Scandinavian company specializing in the production of electronics and related services across multiple sectors, including Connectivity, Electrification, Industry, Medical Equipment, and Defense/Aerospace. The company operates in various countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, Czech Republic, India, Malaysia, China, and the USA, with around 2,400 employees and operating revenues of 775 million euros in 2023.
YTD Price Performance: 6.39%
Average Trading Volume: 4,987
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: NOK7.2B
Find detailed analytics on 0F0J stock on TipRanks’ Stock Analysis page.
