Contract valued at NOK 1,1 billion for the CROWS programme
KONGSBERG has booked an order valued at NOK 1,1 billion from the US Army. The order is part of the NOK 8 billion Common Remotely Operated Weapon Stations (CROWS) framework agreement signed in August 2007.
CROWS is a joint acquisition programme for weapon stations for the US Army`s vehicle programmes. A common solution will result in substantial efficiency gains in respect of protection, training, support and further development.
KONGSBERG (OSE Ticker: KOG) is an international, knowledge-based group that supplies high-technology systems and solutions to customers engaged in the oil and gas industry, the merchant marine, and the defence and aerospace industries.
In 2008, KONGSBERG had a turnover of NOK 11 billion, and the Group had 5 359 employees in more than 25 countries as of 30 June 2009.
For further information, please contact: President Egil Haugsdal, mobile phone (+47) 920 60 027.
This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.