NORBIT - Awarded NOK 120 million order

Core Insights - NORBIT has secured a new contract manufacturing order valued at approximately NOK 120 million from an undisclosed European client in the defence and security sector, with deliveries scheduled for late 2025 and early 2026 [1] - This new contract follows a previous award of approximately NOK 100 million for initial deliveries in the first quarter of 2026 [1] Company Overview - NORBIT is a global provider of tailored technology solutions, focusing on sustainability and innovation, structured into three business segments: Oceans, Connectivity, and Product Innovation & Realization [3] - The Oceans segment delivers technology solutions to maritime markets, the Connectivity segment provides wireless solutions for identification and tracking, and the Product Innovation & Realization segment offers R&D services and contract manufacturing [3] - The company is headquartered in Trondheim, has manufacturing facilities in Europe and North America, employs around 650 people, and operates a worldwide sales and distribution platform [3] Industry Context - The defence and security industry is experiencing strong momentum in the current complex geopolitical landscape, prompting NORBIT to build capacity and inventory through strategic partnerships [2] - The company's CEO emphasizes the importance of positioning for opportunities in this evolving market, aligning with the company's core value of delivering on commitments [2]