KIT Kitron ASA

Northrop Grumman awards F-35 development contract to Kitron

Northrop Grumman awards F-35 development contract to Kitron

(2020-11-11) Kitron has been awarded a development contract to update a F-35 test program set (TPS) and provide a repair capability for Kitron and a United States Government (USG) Depot. The contract is for a three-year development program, with a total value of NOK 20 million. The development will be done at Kitron’s facility in Arendal, Norway.

The TPS was designed and demonstrated by Kitron under a previous contract. The fully redesigned TPS will enable both Kitron and the USG Depot to detect and isolate faults in the L-Band Pre-Selector (LBPS) Line Replaceable Units (LRUs), which is a module within the F-35 aircraft’s Communication, Navigation and Identification (CNI) avionics suite, developed by Northrop Grumman.

“This contract shows that Kitron’s role in the F-35 program extends beyond production to include development projects. It also points forward to substantial business opportunities within maintenance and repair, which Kitron will definitely pursue,” said Hans Petter Thomassen, Managing Director of Kitron Norway.

Northrop Grumman's integrated CNI suite provides F-35 pilots with the capability of more than 27 avionics functions including voice and data communication. By using its industry-leading software-defined radio technology, the design allows the simultaneous operation of multiple critical functions while greatly reducing size, weight and power demands on the advanced fighter aircraft.

The Lockheed Martin F-35 Lightning II is the world’s most advanced military aircraft and for over a decade, the U.S. and our allies have invested in developing this fifth-generation, international, multirole fighter aircraft that will serve as a cornerstone of global security in the 21st century.

Norway is one of the international partner countries participating in the F-35 program. Under the Manufacturing License Agreement between Kitron ASA and Northrop Grumman, Kitron will manufacture and repair several subassemblies for the F-35 Joint Strike Fighter.

For further information, please contact:

Peter Nilsson, President and CEO, tel.  850

Hans Petter Thomassen, Managing Director Kitron Norway, tel: +47 913 92 360

E-mail:   

Kitron is a leading Scandinavian electronics manufacturing services company for the Defence/Aerospace, Energy/Telecoms, Industry, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, Poland, China and the United States. Kitron had revenues of about NOK 3.3 billion in 2019 and has about 1 700 employees.  

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

 

EN
11/11/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kitron ASA

 PRESS RELEASE

Kitron: Allocation of options

Kitron: Allocation of options (2025-10-23) On 23 October 2025, the board of directors of Kitron ASA (the "Company" or "Kitron") resolved to issue 1 600 000 options under Kitron's long-term incentive program for the period 2024 – 2030. The options are issued with 800 000 options each to Subprogram A (2024 – 2027) and Subprogram B (2025 – 2028), and in accordance with the board of directors' guidelines for remuneration of senior executives as approved by Kitron's annual general meeting held 25 April 2025. The share option program and properties of the options are a continuation of Kitron's s...

 PRESS RELEASE

Kitron: Allokering av opsjoner

Kitron: Allokering av opsjoner (2025-10-23) Styret i Kitron ASA ("Selskapet" eller "Kitron") vedtok 23. oktober 2025 å utstede 1 600 000 opsjoner i henhold til Kitrons langsiktige insentivprogram for perioden 2024 – 2030. Opsjonene blir utstedt med 800 000 opsjoner hvert av Subprogram A (2024 – 2027) og Subprogram B (2025 – 2028), og i henhold til styrets retningslinjer for godtgjørelse til ledende ansatte som vedtatt av ordinær generalforsamling avholdt 25. april 2025. Aksjeopsjonsprogrammet og egenskapene til opsjonene er en fortsettelse av Kitrons opsjonsprogram som beskrevet i note 19 ...

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Øystein Elton Lodgaard
  • Simon Brun
 PRESS RELEASE

Kitron: Q3 2025 – Record order intake

Kitron: Q3 2025 – Record order intake (2025-11-23) Kitron today reported solid quarterly sales and profits combined with record order intake and backlog, particularly driven by growing demand from customers in the Defence/Aerospace market sector. Kitron's revenue for the third quarter was EUR 167.8 million. This compares with 145.1 million in the same quarter last year. The Defence/Aerospace market sector showed particularly strong growth. Third-quarter operating profit (EBIT) was EUR 14.6 million, compared to 10.7 million in the same quarter last year. Profitability expressed as EBIT mar...

 PRESS RELEASE

Kitron: Q3 2025 – Rekordhøy ordreinngang

Kitron: Q3 2025 – Rekordhøy ordreinngang (2025-11-23) Kitron rapporterer i dag solide kvartalstall for inntekter og resultat kombinert med rekordhøy ordreinngang og ordrereserve, spesielt drevet av økende etterspørsel fra kunder i markedssektoren Forsvar/Luftfart. Kitrons driftsinntekter for tredje kvartal var 167,8 millioner euro, mot 145,1 millioner i samme kvartal i fjor. Markedssektoren Forsvar/Luftfart viste særlig sterk vekst. Driftsresultatet (EBIT) for tredje kvartal var 14,6 millioner euro, sammenlignet med 10,7 millioner i samme kvartal i fjor. Lønnsomheten uttrykt som EBIT-marg...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch