# Kongsberg Automotive wins EUR 25.5M contract for air suspension lines

Kongsberg Automotive has secured a contract worth over EUR 25.5 million in estimated lifetime revenue from a major global EV manufacturer for production of air suspension lines. Production will involve hose manufacturing at its Suffield, US plant and assembly at its Ramos Arizpe, Mexico plant.

- Type: Contract
- Announced: 2024-12-17
- Where: Suffield, Connecticut (hose manufacturing); Ramos Arizpe, Mexico (assembly), United States
- Value: $28.0M (25.5M EUR)
- Status: completed
- Products: nylon air suspension lines and connectors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kongsberg Automotive](https://endata.com/companies/12484.md)
- [Kongsberg Automotive](https://endata.com/companies/12484.md) (supplier)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/kongsberg-automotive-wins-a-new-contract-worth-over-eur-25-5-million-in-estimated-lifetime-revenue-for-air-suspension-lines/), 2024-12-17: "KA has captured a major customer for one of our core products in the EV sector."
- [research.danskebank.com](https://research.danskebank.com/research/article/957c97b2-a1b9-4d80-99ac-b4997868866c/EN), 2024-12-20: "On 17 December, KOA was awarded a 5-year contract valued at EUR25.5m in estimated lifetime revenue to produce air suspension lines for one of the largest global EV manufacturers."
- [news.cision.com](https://news.cision.com/kongsberg-automotive-asa/r/kongsberg-automotive-wins-a-contract-extension-worth-eur-56-million-in-estimated-lifetime-revenue,c4014439), 2024-12-20: "We are delighted to extend our partnership with KA's long-standing customer for these critical products for use on both traditional, hybrid, and electric vehicles (EVs)"
- [live.euronext.com](https://live.euronext.com/en/products/equities/company-news/2024-12-20-kongsberg-automotive-wins-contract-extension-worth-eur-56), 2024-12-20: "We are delighted to extend our partnership with KA's long-standing customer for these critical products for use on both traditional, hybrid, and electric vehicles (EVs)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.