Kitron ASA ( (GB:0F0J) ) just unveiled an announcement.
Kitron has secured a NOK 300 million order from Kongsberg Defence & Aerospace for electronics related to the Naval Strike Missile, extending a previous contract. This order, slated for production in 2026 at Kitron’s Arendal facility, reinforces the company’s role as a key industrial partner in the defense sector and aligns with their growth expectations, strengthening their market position in defense and missile systems.
More about Kitron ASA
Kitron is a leading Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace. The company has a presence in several countries, including Norway, Sweden, Denmark, and the United States, and employs around 2,400 people with revenues of EUR 775 million in 2023.
YTD Price Performance: 9.88%
Average Trading Volume: 4,925
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: NOK7.39B
See more data about 0F0J stock on TipRanks’ Stock Analysis page.