NORBIT – Advanced negotiations regarding a NOK 115 million contract

Core Insights - NORBIT is in advanced negotiations for a contract manufacturing order valued at approximately NOK 115 million with a European client in the defence and security sector, expected to be delivered in Q2 2026 [1] - The company recently received another order worth approximately NOK 80 million for deliveries in the same quarter, indicating strong demand in the defence and security market [1] Industry Context - The defence and security market is experiencing strong activity, with a short delivery window once contracts are awarded, necessitating preparedness and scalable capacity [2] - Agility and trust are essential for successful partnerships in this market, and the company emphasizes its role in enhancing security and resilience [2] Company Overview - NORBIT is a global provider of tailored technology, structured into three business segments: Oceans, Connectivity, and Product Innovation & Realization [3] - The Oceans segment focuses on technology solutions for maritime markets, Connectivity provides wireless solutions for identification and tracking, and Product Innovation & Realization offers R&D services and contract manufacturing [3] - The company is headquartered in Trondheim, employs around 700 people, and has manufacturing capabilities in Europe and North America [3]