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2015-09-21

Kitron ASA: Kitron AS Signs Long-Term Supply Agreement with Northrop Grumman

(2015-09-21) Kitron AS, a subsidiary of Kitron ASA, has signed a long-term
agreement with Northrop Grumman Corporation [NYSE: NOC] to supply subassembly
electronic modules for F-35 Lightning II aircraft avionics.

The agreement is effective through 30 June 2036 (30 years) and includes rights
for future extensions.

The companies said the agreement's purpose is to establish a cooperative and
supportive relationship committed to the development of a cost-effective and
technically superior source that will provide the best value for the F-35
Communications, Navigation and Identification (CNI) program.

"This Agreement affirms Kitron's position with Northrop Grumman as an
important partner and supplier of complex electronic modules and technical
services like test development, as well as a source for repair of avionics
for the Joint Strike Fighter", said Hans Petter Thomassen, Managing Director
of Kitron AS.

Northrop Grumman's integrated CNI suite provides F-35 pilots with the
capability of more than 27 avionics functions including voice and data
communication. The CNI design uses advanced software-defined radio technology
that allows the simultaneous operation of multiple critical functions while
greatly reducing size, weight and power demands on the advanced fighter
aircraft.

The Lockheed Martin [NYSE: LMT] F-35 Lightning II is the world's most advanced
military aircraft combining advanced stealth with fighter speed and agility,
advanced mission systems, fully fused sensor information, network-enabled
operations and cutting-edge sustainment.

For more than a decade, the United States, Norway and seven other partner
nations have invested in developing this 5th generation, international,
multirole fighter that the Norwegian Ministry of Defence has said will be
"one of the core capabilities of our future defence structure, representing a
significant increase in our combat capabilities." In addition to the nine
partners, three countries have agreed to procure F-35 aircraft through the
Foreign Military Sales process.

The first F-35A Lightning II for Norway is scheduled for delivery tomorrow,
September 22, 2015.

For further information please contact:

Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50 or
e-mailpeter.nilsson@kitron.com

Hans Petter Thomassen, Managing Director of Kitron AS, tel. +47 91 39 23 60 or
e-mailhans.petter.thomassen@kitron.com

Kitron
is one of Scandinavia's leading electronics manufacturing services companies
for the Defence/Aerospace, 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 1.75
billion in 2014 and has about 1 200 employees.www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(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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