Lockheed Martin Awards Contract to Kitron AS

(2015-03-24) Kitron AS, a subsidiary of Kitron, has received a contract from Lockheed Martin Mission Systems and Training for production of Integrated Backplane Assembly, for deliveries to the F-35 low rate initial production program, LRIP 9 and 10. The delivery starts second half of 2015 and ends second half of 2017. The contract value is USD 6.5 mill.

The Integrated Backplane Assembly (IBA) is an advanced and complex High Level Assembly.

Norway is one of the international partner countries participating in the F-35 program. Under the Manufacturing License Agreement between Kitron and Lockheed Martin Mission Systems and Training, Kitron will manufacture, test, maintain and repair the Integrated Backplane Assembly in the F-35 Joint Strike Fighter.

"We have been a supplier for the F-35 program for 10 years and this contract confirms that Kitron is an important supplier for Lockheed Martin" says Dag Songedal, Managing Director of Kitron AS.

For further information, please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50 or e-mail peter.nilsson@kitron.com  
Dag Songedal, Managing Director of Kitron AS, tel. +47 91 38 64 68 or e-mail dag.songedal@kitron.com

Kitron is one of Scandinavia's leading electronic manufacturing services companies for the Data/Telecoms, Defense, Energy, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenue 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)