Marcy's Musings: It's Show Time!
One World, One Industry: Mapping the Future of the Electronics Workforce
The Marketing Minute: Trade Shows—The Investment That Keeps on Giving
Kongsberg Awards Kitron New Order for Naval Strike Missile Electronics
January 22, 2025 | KitronEstimated reading time: Less than a minute
Kitron has received an order with a value of NOK 300 million from Kongsberg Defence & Aerospace (KONGSBERG).
The order covers electronics for the Naval Strike Missile (NSM) and extends a similar contract awarded in June 2024.
Deliveries under the new order are set to commence in 2026, with production taking place at Kitron’s facilities in Arendal, Norway.
“We are very pleased to announce this order, which confirms Kitron’s position as a robust and reliable Kitron and industrial partner for Kongsberg,” says Heine Østby, Managing Director, Kitron Norway. “The long-standing collaboration between our two companies continues to strengthen, and Kitron’s ongoing investment in a new production facility in Arendal is well aligned with this increase in orders. This ensures secure and efficient deliveries for this critically important system.”
“This new order aligns with the long-term growth expectations outlined in last year’s Capital Markets Presentation on December 10, further solidifying Kitron’s position in the defense and missile systems market”, says Peter Nilsson, President and CEO of Kitron.
Share on:
Suggested Items
Kitron Receives New Order for Joint Strike Missile
02/19/2025 | KitronKitron has received an order with a value of about NOK 73 million covering electronics for the Joint Strike Missile (JSM) supplied by Kongsberg Defence & Aerospace (KONGSBERG).
Kitron: Q4 2024 - Profitable Execution in a Shifting Market
02/13/2025 | KitronKitron reported fourth-quarter revenue at EUR 160.6 million, operating profit (EBIT) was EUR 11.8 million and profitability expressed as EBIT margin was 7.3 per cent.
A3 Reports North American Robotics Market Holds Steady in 2024 Amid Sectoral Variability
02/05/2025 | BUSINESS WIREThe North American robotics market demonstrated minor overall growth in 2024, reflecting resilience and adaptability as automation strengthened its role across industries.
Mycronic Receives Order for Prexision 8 Entry Evo
02/03/2025 | Mycronic ABMycronic AB has received an order for a Prexision 8 Entry Evo from an existing customer in Asia. The order value is in the range of USD 10-12 million. Delivery of the system is planned for the first quarter of 2026 and is to replace one of the customer’s older systems.
Airbus Sees Continued Growth in Helicopter Sales in 2024
01/28/2025 | AirbusAirbus Helicopters logged 455 gross orders (net: 450) in 2024, highlighting a steady market growth with a strong performance this year for its light, light twin-engined, and heavy helicopters. The orders came from 182 customers in 42 countries.