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Norbit ASA ( (DE:4NK) ) has shared an announcement.
NORBIT ASA has secured a NOK 125 million contract from a European client in the defense and security sector, highlighting its strategic investments in capacity and competence. This contract, set for delivery in the second half of 2025 from its Norwegian facilities, underscores NORBIT’s commitment to regional technological self-sufficiency and its ability to contribute to society in complex geopolitical times. The announcement reflects NORBIT’s strong industry positioning and its dedication to delivering innovative solutions.
More about Norbit ASA
NORBIT ASA is a global provider of tailored technology solutions for selected applications, focusing on sustainability and innovation. The company operates through three main segments: Oceans, Connectivity, and Product Innovation & Realization. NORBIT offers maritime technology solutions, wireless identification and tracking systems, and R&D services, with manufacturing facilities in Europe and North America. Headquartered in Trondheim, it employs around 600 people and has a worldwide sales and distribution network.
YTD Price Performance: 52.18%
Average Trading Volume: 403
Technical Sentiment Signal: Sell
Current Market Cap: €798.5M
For an in-depth examination of 4NK stock, go to TipRanks’ Stock Analysis page.