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Kitron Secures Major Defense Order Worth 100 Million Euros

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Kitron Secures Major Defense Order Worth 100 Million Euros

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Kitron ASA ( (GB:0F0J) ) just unveiled an announcement.

Kitron has secured a significant order worth 100 million euros from a customer in the Defense/Aerospace sector, highlighting the strong demand and expanding order backlog in this segment. The deliveries for this order are scheduled for 2025 and 2026, indicating a positive impact on Kitron’s future operations and reinforcing its position in the defense market.

More about Kitron ASA

Kitron is a leading Scandinavian company specializing in the production of electronics and related services across various sectors, including Connectivity, Electrification, Industry, Medical equipment, and Defense/Aerospace. The company operates in multiple countries such as Norway, Sweden, Denmark, Lithuania, Germany, Poland, Czech Republic, India, Malaysia, China, and the USA, employing around 2,400 people with operating revenues of 647 million euros in 2024.

YTD Price Performance: 68.83%

Average Trading Volume: 335,912

Current Market Cap: NOK11.31B

Find detailed analytics on 0F0J stock on TipRanks’ Stock Analysis page.

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