Kongsberg Automotive wins EUR 42.5M contract for head restraint mechanisms

Kongsberg Automotive's Powertrain and Chassis segment secured a seven-year contract worth EUR 42.5 million in estimated lifetime revenue from a European auto manufacturer for rear seat foldable head restraint mechanisms. Production will start in 2024 at facilities in Sweden and China.

“This contract, awarded by a global OEM that places a high priority on automotive safety, positions KA for continued growth in this important safety segment.”automotiveworld.com

• 2 sources
• automotiveworld.comKongsberg Automotive wins contract worth EUR 42.5 million in estimated lifetime revenue | Automotive WorldEllie SimpsonJun 24, 2022
• automotiveworld.comKongsberg Automotive wins contract worth EUR 42.5 million in estimated lifetime revenue | Automotive WorldEllie SimpsonJun 24, 2022

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