[Press Release, June 29, 2007]
Order from Kongsberg Defence & Aerospace
Through its subsidiary Kitron AS in Arendal Kitron ASA has received an order from Kongsberg Defence & Aerospace (Defence Communication) for a military RadioLink (RL) and other military communication products worth NOK 34.7 million. Kitron has participated in the development and industrialisation phases of the newly developed RL, which makes up for about NOK 14 million of the total order volume. Deliveries will take place in the fourth quarter of 2007 and the first quarter of 2008. Kitron’s total deliveries to KDA in 2007 is expected to constitute of about NOK 220 million, which represents an increase of about NOK 80 million from 2006. 29 June 2007 Kitron ASA For further information please contact: Jan Sigvartsen, Managing director of Kitron AS, tel. 91 58 29 10, or mail jan.sigvartsen@kitron.com Jørgen Bredesen, CEO of Kitron ASA, tel. 48 25 25 84 or mail jorgen.bredesen@kitron.com Kitron is one of Scandinavia`s leading companies within development, industrialisation and production for the data/telecom, defence/marine, medical and other industries. The company is located in Norway, Sweden and Lithuania. Kitron had a turnover of about NOK 1,7 billion in 2006 and has 1,300 employees. See also www.kitron.com.
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