# Kongsberg Automotive secures EUR 56M contract extension for stainless steel braided hoses

Kongsberg Automotive secured a 5-year contract extension valued at EUR 56 million from a long-standing global Tier 1 automotive supplier to supply stainless steel braided hoses. The products will be manufactured at the Suffield and Grand River plants in the US and the Ramos Arizpe plant in Mexico.

- Type: Contract
- Announced: 2024-12-20
- Where: Suffield and Grand River (US), Ramos Arizpe (Mexico), United States
- Value: $58.0M (56.0M EUR)
- Status: announced
- Products: stainless steel braided hoses
- 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)
- [Global Tier 1 automotive supplier](https://endata.com/companies/80683.md) (customer)

## Sources

- [research.danskebank.com](https://research.danskebank.com/research/article/957c97b2-a1b9-4d80-99ac-b4997868866c/EN), 2024-12-20: "On 20 December, KOA secured a 5-year contract extension of EUR56m in estimated lifetime revenue from a 'long-standing' global Tier 1 automotive supplier to supply stainless steel braided hoses."
- [marklines.com](https://www.marklines.com/en/news/319464), 2024-12-20: "Kongsberg Automotive ASA (KA) won a contract extension for its Fluoro-Comp and stainless-steel braided hoses from a global Tier 1 automotive supplier."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5279673/kongsberg-automotive-secures-56-million-contract-extension), 2024-12-23: "The deal involves producing Fluoro-Comp and stainless-steel hoses in the US and Mexico, supporting sustainable transportation advancements."
- [supplierinsight.ihsmarkit.com](http://supplierinsight.ihsmarkit.com/news/5279673/kongsberg-automotive-secures-56-million-contract-extension), 2024-12-23: "The deal involves producing Fluoro-Comp and stainless-steel hoses in the US and Mexico, supporting sustainable transportation advancements."
- [inderes.fi](https://www.inderes.fi/en/releases/koa-kongsberg-automotive-wins-a-contract-extension-worth-eur-56-million-in-estimated-lifetime-revenue), 2025-05-06: "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.