Electronics Production | May 15, 2009
Kitron receives new orders within the defence segment
Kitron has received new orders related to military communication equipment of NOK 93 million.
The orders are part of an international product- and development project with a time schedule up to 2011. The new orders relates to the project mentioned in the announcement dated February 10, 2009 and is securing a total project value of more than NOK 120 million considering earlier orders received. Kitron has furthermore received orders amounting to NOK 19 million for other military related equipment. This additional order will be delivered in 2009. The above orders were taken into consideration in the outlook for 2009 in the first quarter interim report and do therefore not change the announced capacity adjustments. The orders do however strengthen the order backlog with NOK 112 million.