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Norbit ASA ( (DE:4NK) ) just unveiled an announcement.
NORBIT ASA has secured a new contract manufacturing order worth approximately NOK 120 million from a European client in the defense and security sector, with deliveries scheduled for late 2025 and early 2026. This contract, following a recent NOK 100 million award, highlights NORBIT’s strategic positioning and capacity-building efforts in the defense industry, reflecting its commitment to evolving partnerships and readiness to capitalize on emerging opportunities.
More about Norbit ASA
NORBIT ASA is a global provider of tailored technology solutions aimed at solving challenges and promoting sustainability. The company operates through three business segments: Oceans, which delivers technology solutions to maritime markets; Connectivity, which offers wireless solutions for identification, monitoring, and tracking; and Product Innovation & Realization, which provides R&D services, proprietary products, and contract manufacturing. Headquartered in Trondheim, NORBIT has manufacturing facilities in Europe and North America and employs around 650 people.
YTD Price Performance: 99.03%
Average Trading Volume: 193,347
Current Market Cap: NOK12.05B
Learn more about 4NK stock on TipRanks’ Stock Analysis page.