Norbit ASA (DE:4NK) has released an update.
Norbit ASA’s Oceans segment has landed a substantial NOK 75 million order for its GuardPoint sonar systems, to be delivered to a new international client, with the majority of revenue expected in Q4. The GuardPoint sonar is lauded for enhancing underwater safety and protecting critical infrastructure amidst growing geopolitical tensions. NORBIT’s CEO underscores the order as evidence of the company’s relevant and impactful solutions in the market.
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