Kitron: Harris Awards Block Buy Contract to Kitron for F-35 Work

World News: . []

(2019-05-15) Kitron has received a contract from Harris (NYSE: HRS) for production of Integrated Backplane Assembly (IBA) for the F-35. The contract covers an economic order quantity buy for production lots 12 through 14. The potential value of the contract is $18 million USD.

The IBA is an advanced and complex high-level assembly, and deliveries start this year and continue through 2021.

“With the Economic Order Quantity sub-contract Kitron have become the largest international supplier for Harris Corporation. This is an achievement for a small supplier from Norway, which makes me proud,” 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 Harris, Kitron will manufacture, test, maintain and repair the IBA in the F-35.

The F-35 Lightning II is a next generation fighter, combining advanced stealth with fighter speed and agility, advanced mission systems, fully fused sensor information, network-enabled operations and cutting-edge sustainment. Three distinct variants of the F-35 will replace various aircraft for the U.S. Air Force, Marine Corps and Navy, and more than ten international countries.

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

More news and information about Kitron ASA

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Globe Newswire: 07:32 GMT Wednesday 15th May 2019

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