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Kitron: Order from new customer within autonomous systems for defence industry increased to EUR 12 million
Globenewswire· 2026-01-29 16:43
Core Insights - Kitron has received an additional order valued at approximately EUR 5 million for advanced electronics production for autonomous systems in the defense industry, bringing the total order value from this customer to approximately EUR 12 million [1][2][3] Group 1: Order Details - The new order is in addition to a previously announced order of EUR 7 million [1] - Deliveries under the new order are scheduled to commence in the second quarter of 2026, with production taking place at Kitron's European facilities [2] Group 2: Company Positioning - This order highlights Kitron's solid and growing position in the autonomous systems industry, emphasizing the importance of fast ramp-up, scalability, high quality, and reliability [3] - The order supports Kitron's long-term growth ambitions in the Defense & Aerospace sector, further strengthening its position in this domain [3] Group 3: Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company operating in various sectors, including Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [4] - The company has operations in multiple countries and employs around 3,000 people, with revenues reported at EUR 647 million in 2024 [4]
Kitron signs €7M agreement with new customer within autonomous systems for the defence industry
Globenewswire· 2025-12-22 10:39
Core Insights - Kitron has signed a contract valued at EUR 7 million for the production and supply of advanced electronics for autonomous systems in the defense industry, with deliveries starting in Q1 2026 [1] - The order highlights Kitron's strong position in the autonomous systems sector, emphasizing the importance of rapid scalability and high quality, which aligns with the company's business model and growth ambitions in Defense & Aerospace [2] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [3] - The company has a workforce of approximately 3,000 employees and reported revenues of EUR 647 million in 2024 [3]