Share:Satellite contract worth NOK 650 million

20.12.2010

Kongsberg Satellite Services (KSAT) is awarded a contract for delivering ground station services to the American company Digital Globe.

The service will be delivered from the KSAT Mid Latitude Ground Network (stations between about 30 and 55 degrees latitude). The Ground Stations will be operated from KSAT’s main office in Tromsø. The contract is for 6 years of operation and has an option of 4 more years. The contract value is approx. NOK 650 million. If the options are exercised the value could add up to approx. NOK 1.1 billion. 

For further information, please contact:
President Rolf Skatteboe, Kongsberg Satellite Services
Mob: +47 911 98 985

KSAT is a commercial satellite centre owned 50% by KONGSBERG and 50% by the Department of Trade and Industry through the Norwegian Space Centre. KSAT is situated in Tromsø, Norway with ground stations in Tromsø, Svalbard, Grimstad and the Antarctic. KSAT is immaculately located for both TT&C (Telemetri Tracking & Control), launch support, as well as data reception and near real time earth observation services.

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 2009, KONGSBERG had a turnover of NOK 13.8 billion, and the Group had 5 423 employees in more than 25 countries as of 31 December 2009.

This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.

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