Brief: Kongsberg Automotive Secures Contract Worth Over EUR 73 Mln

Kongsberg Automotive ASA

11/09/2023 06:04

Sept 11 (Reuters) - Kongsberg Automotive ASA  KOA.OL :
    * SECURES A CONTRACT WORTH OVER EUR 73 MILLION FOR A NEW PRODUCT DESIGNED AND DEVELOPED
IN-HOUSE
    * WAS AWARDED A CONTRACT FOR A NEW PRODUCT- DOG CLUTCH ACTUATOR (DCA), DESIGNED FOR A
FOUR-SPEED
ELECTRIC AXLE USED IN HEAVY-DUTY TRUCKS
    * PRODUCTION STARTS IN 2023, AND KA'S WUXI, CHINA FACILITY WILL MANUFACTURE AND SUPPLY THIS
PRODUCT
    * CONTRACT IS WORTH EUR 73.4 MILLION IN ESTIMATED LIFETIME REVENUE

Source text for Eikon:  ID:nWkr4Yf426 
Further company coverage:  KOA.OL 

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