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Kitron receives EUR 19 million guidance, control and targeting systems order
Globenewswireยท 2025-12-10 11:38
Core Insights - Kitron has received an order valued at EUR 19 million for advanced electronic components used in guidance, control, and targeting systems, confirming its role as a trusted supplier in the defense sector [1][3] - Deliveries for this order are set to commence in the second half of 2027, with production taking place at a European facility [2] - The order extension highlights the trust defense customers have in Kitron's capabilities, supporting the company's long-term growth ambitions in the Defense & Aerospace sector [3] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [4] - The company has operations in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, employing approximately 3,000 people [4] - Kitron reported revenues of EUR 647 million in 2024 [4]