MNOK 150 contract for Italian submarines
KONGSBERG has signed a contract with a scope of roughly MNOK 150 with the Italian shipyard Fincantieri for command and weapon control systems for two new U212A Class submarines currently under construction in Italy for the Italian Navy.
The contract was won against international competition and it piggybacks on a contract signed with Fincantieri in 1998 for the first two submarines in this class.
"KONGSBERG has more than 35 years' experience of delivering command and weapon control systems to Norwegian, German and Italian submarines. This contract entails important further development of the products we make for submarine systems. The contract is a response to a campaign conducted over several years to strengthen our position as a supplier of complete, integrated sonar and command and weapon control systems for submarines. The world market includes a rather significant number of submarines that are or soon will be in need of life extension programmes. In this context, this is yet another valuable reference contract", comments Executive Vice President Nils-Oddvar Hagen.
KONGSBERG is a multinational, knowledge-based group with more than 5200 employees in more than 25 countries. The Group supplies high-technology systems and solutions to customers engaged in the oil and gas industry, the merchant marine, and the defence and aerospace industries. KONGSBERG is listed on the Oslo Stock Exchange (Ticker: KOG), and posted operating revenues of NOK 11 billion in 2008.
For additional information, please contact Executive Vice President Nils-Oddvar Hagen, mobile phone (+47) 920 60 092.