CROWS contract valued at MNOK 552
KONGSBERG has booked an order valued at NOK 552 millions from the US Army. The order is part of the increase of the Common Remotely Operated Weapon Stations (CROWS) framework agreement for up to 11.690 systems signed in February 2011.
The initial CROWS II framework agreement was disclosed on 22 August 2007.
CROWS is a joint acquisition program for weapon stations for the US Army`s vehicle programs. A common solution will result in substantial efficiency gains in respect of protection, training, support and further development.
The Protector Weapon Control System protects military troops by allowing the vehicle's weapons to be operated from a protected position inside the vehicle.
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 industry, and the defence and aerospace industries. In 2010, KONGSBERG had a turnover of NOK 15.5 billion, and the Group had 5 681 employees in more than 25 countries.
For further information, please contact:
Executive Vice President Egil Haugsdal, Kongsberg Protech Systems - Tel: +47 32 28 77 20
This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.