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2014-04-10

Kitron: Air defence order from KONGSBERG

(2014-04-10) Kitrons has, through its subsidiary Kitron AS in Arendal, Norway,
received an order from Kongsberg Defence&Aerospace for military
communications equipment.

The order is related to contracts KONGSBERG has signed with Raytheon for
supplying the NASAMS air-defence system to Oman.

Kitron will supply various communications products, and production will be
done at Kitron's plant in Arendal. The order has a value for Kitron of NOK
80,7 million, and will be filled in 2014 and 2015.

"This contract is a good example of how defence systems developed in Norway,
in this case NASAMS to Oman in cooperation with Raytheon, create employment
and increase skills among Norwegian suppliers. Kitron demonstrates a level of
competency and professionalism that meets the strict standards of KONGSBERG
and the international market. Kitron demonstrates great ability to cooperate
and develop, both in terms of quality and competency. Our goal is that as
much as possible of our export contracts will benefit Norwegian industry,"
said Harald Ånnestad, president of Kongsberg Defence&Aerospace AS.

"The order demonstrated that Kitron is an important partner for KONGSBERG in
relation to international defence contracts. For the plant in Arendal this
contract is of great importance. It creates visibility and contributes to
secure employment in 2015," said Dag Songedal, interim CEO of Kitron.

"Kitron in Arendal has for a number of years focused on defence products, and
this order confirms that we have the skills that customers demand and that
our total offering is competitive," said Songedal.

For further information please contact:
Dag Songedal, interim CEO, tel. +47 91 38 64 68 or
e-maildag.songedal@kitron.com

Kitron
is one of Scandinavia's leading electronics manufacturing services companies
for the Defence, Energy/Telecoms, Industry, Medical equipment and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had revenues of about NOK 1.6
billion in 2013 and has about 1,200 employees.www.kitron.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kitron ASA via Globenewswire

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