Kongsberg to Upgrade Norwegian Mine Counter Measure Vessels

Released on Thursday, June 26, 2008

Kongsberg Defence & Aerospace has signed two contracts with the Armed Forces' Logistics Organisation for the delivery of a new Command & Control system, a new Dynamic Position system and an upgrading of a tactical simulator for Norway's Mine Counter Measure Vessels. The two contracts have a total scope of approx. MNOK 150, and has a delivery scheduled for completion within approx. 4 years.

"For KONGSBERG these contracts are important for continuing our activities within the field of MCM ", reports Executive Vice President Nils-Oddvar Hagen of Kongsberg Defence & Aerospace.

KONGSBERG is a multinational, knowledge-based group with more than 4400 employees in more than 25 countries. The Group delivers high-technology systems to discerning customers engaged in offshore oil and gas production, the merchant marine, and the defence and aerospace industries. KONGSBERG is listed on the Oslo Stock Exchange (Ticker: KOG) and had a turnover of NOK 8.3 billion in 2007.

The subsidiary Kongsberg Defence & Aerospace is Norway's premier supplier of defence and aerospace-related systems. The company had operating revenues of NOK 3.3 billion and more than 1600 employees in 2007.