Kongsberg Automotive wins EUR 20M fuel hose contract

Kongsberg Automotive's Fluid Transfer Systems won a contract extension for its Fluoro-comp high-temperature fuel line, with estimated annualized revenue of EUR 4 million and lifetime revenue of EUR 20 million. Production will start in September 2021 at the Grand River, Ohio facility for North American SUVs and passenger cars.

“FTS has won incremental business and secured an extension contract estimated annualized revenue of EUR 4 million, and estimated lifetime revenue worth EUR 20 million for the company’s world-leading high-temperature fuel line: Fluoro-comp®.”news.cision.com

• 1 source
• news.cision.comKongsberg Automotive wins contract worth EUR 20 million estimated lifetime revenue - Kongsberg Automotive ASASep 15, 2021

Summarized from public sources; check the original articles before acting on it.