Northrop Grumman Awards Radar Contracts to Kitron

(2016-03-31) Kitron has been selected as an international source for manufacturing of a sub-assembly related to the JSF Radar system developed by Northrop Grumman Corporation (NYSE: NOC) for the F-35 Lightning II.

The sub-assembly called IF Receiver was won by Kitron Norway in a best value competition. The potential value of the sub-assemblies is more than 500 million NOK over the lifetime of the agreement.

The contract covers the initial steps of transferring technical knowhow and manufacturing prototypes for testing and validation, as well as designing and building equipment for testing the IF Receiver. This process will be on-going to mid 2017.

"This contract once more confirms that Kitron is a cost-efficient and competitive source for complex high-level assemblies. It is also proof that our supporting technical services, such as our ability to design advanced test equipment, are important for customers like Northrop Grumman. Kitron has established itself as a preferred long-term supplier for the Joint Strike Fighter," said Hans Petter Thomassen, Managing Director of Kitron Norway.

Norway is one of the international partner countries participating in the F-35 program. Under the manufacturing license agreement between Kitron and Northrop Grumman, Kitron will manufacture the sub-assembly for the F-35 Joint Strike Fighter.

The Lockheed Martin (NYSE: LMT) F-35 Lightning II is the world's most advanced military aircraft, combining advanced stealth with fighter speed and agility, advanced mission systems, fully fused sensor information, network-enabled operations and cutting-edge sustainment.

For further information please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 948 40 850
Hans Petter Thomassen, Managing Director of Kitron Norway, tel. +47 913 92 360
E-mail: investorrelations@kitron.com

Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence, Energy/Telecoms, Industry, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.95 billion in 2015 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).