Brief: Kongsberg Automotive Wins Contract Worth EUR 30.7 Mln In Estimated Lifetime Revenue

Kongsberg Automotive ASA

26/10/2022 06:39

Oct 26 (Reuters) - Kongsberg Automotive ASA  KOA.OL :
    * WINS CONTRACT WORTH EUR 30.7 MILLION IN ESTIMATED LIFETIME
REVENUE
    * POWERTRAIN & CHASSIS DRIVELINE BUSINESS UNIT HAS SECURED A
CONTRACT FOR PASSENGER CARS WORTH EUR 30.7 MILLION IN ESTIMATED
LIFETIME REVENUE AND AVERAGE ANNUAL REVENUE OF EUR 6.1 MILLION
    * DRIVELINE WAS AWARDED THIS FIVE-YEAR CONTRACT BY ONE OF
LARGEST
ORIGINAL EQUIPMENT MANUFACTURERS (OEMS) IN CHINA FOR KA'S
SHIFT-BY-WIRE SYSTEM
    * WUXI PLANT IN CHINA WILL PRODUCE AND SUPPLY PRODUCT FROM
APRIL
2023

Source text for Eikon:  ID:nWkr6mS621 
Further company coverage:  KOA.OL 
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