Kitron wins contract for battery management systems

Kitron expands services with a major existing customer to cover production of battery management systems. The new award initially covers 2022 to 2025 and is valued at NOK 150 million. Production will take place at Kitron’s plant in Poland. The award also covers various services. “We’re extremely happy to expand this relationship with a new product Read more about Kitron wins contract for battery management systems[…]

Northrop Grumman awards F-35 development contract to Kitron

Kitron has been awarded a development contract to update a F-35 test program set (TPS) and provide a repair capability for Kitron and a United States Government (USG) Depot. The contract is for a three-year development program, with a total value of NOK 20 million. The development will be done at Kitron’s facility in Arendal, Read more about Northrop Grumman awards F-35 development contract to Kitron[…]

Kitron: Resolution to pay dividend

The Board of Directors of Kitron has today resolved a dividend of NOK 0.50 per share. Kitron has historically paid annual dividends pursuant to resolutions by the annual general meeting. As a result of the corona pandemic during first half of 2020 and as a precautionary measure to safeguard the company’s financial position and liquidity, Read more about Kitron: Resolution to pay dividend[…]

MedAvail awards contract to Kitron’s US factory

MedAvail Technologies has chosen Kitron to produce automated medication dispensing equipment for pharmacies and hospitals. The contract has a potential value of USD 50 million over a three-year period, with an extension option. Production will take place at Kitron’s newly renovated facility in Windber, Pennsylvania, and is expected to commence in the first quarter of Read more about MedAvail awards contract to Kitron’s US factory[…]

Kitron: Allocation of options

On 10 July 2020, the board of directors of Kitron ASA resolved to issue 1,400,000 options to senior management, whereof 150 000 options are re-allocated from Subprogram A (2019-2022) and 1,250,000 options are from Subprogram B (2020-2023). The options are issued in accordance with Kitron’s long term incentive program 2019-2022 and the board of directors‘ declaration Read more about Kitron: Allocation of options[…]

Kitron: Q2 2020 – Record performance

Kitron today reported strong growth and record profit for the second quarter driven by Defense/Aerospace, Medical devices and Industry sectors. Kitron’s revenue for the second quarter was NOK 1 041 million, an increase of 21 per cent compared to last year. Growth adjusted for currency effects  was 11 per cent. Profitability expressed as EBIT margin was Read more about Kitron: Q2 2020 – Record performance[…]

Northrop Grumman Awards Contracts to Kitron

Northrop Grumman Corporation (NYSE: NOC) has awarded Kitron a contract for production of Integrated Communications, Navigation and Identification (ICNI) modules for the F-35 Lightning II program. Deliveries will secure a backlog into 2021 and have a total value of more than USD 18 million. Production will take place at Kitron’s plant in Norway. The sub-contract Read more about Northrop Grumman Awards Contracts to Kitron[…]