KONGSBERG Books CROWS II Contracts Valued at $209M and $57M

WASHINGTON--()--Last week, KONGSBERG booked an order with the U.S. Army valued at $209 million for additional PROTECTOR Remote Weapon Stations. This week, another order valued at $57 million was secured. Both orders are part of the Common Remotely Operated Weapon Station (CROWS II) framework agreement for up to 10,349 systems, originally signed in August 2007 and increased in December 2009.

“The U.S. Army has seen the advantages of having equipment that increases the protection and efficiency of their soldiers,” says Knut Saeter, Executive Vice President of Kongsberg Protech Systems in Alexandria, VA. “The continued partnership with KONGSBERG is proof of their confidence in the product and its purpose.”

The U.S. Army’s CROWS II, a KONGSBERG design based on the PROTECTOR family of Remote Weapon Stations (RWS), is intended to enhance troop safety by enabling the operator to remotely control the system from inside the protection of an armored vehicle. Designed to mount on an array of vehicle platforms and support numerous weapon systems, the PROTECTOR RWS has over 20 million hours of operation, a proven and unprecedented Operational Readiness Rate (ORR) of over 99%, and is currently supplied to 17 nations around the world. With headquarters in Norway and production facilities in Johnstown, Pennsylvania, USA, Kongsberg Protech Systems maintains its position as the world’s leading provider of remote weapon stations.

Kongsberg Protech Systems is a business area within the KONGSBERG Group. As an international, knowledge-based company, KONGSBERG supplies high-technology systems and solutions to customers engaged in the oil and gas industry, the merchant marine, and the defense and aerospace industries. In 2009, KONGSBERG had a turnover of NOK 13.8 billion (approx. US $2.3 billion) with 5,423 employees in more than 25 countries as of 31 December, 2009. KONGSBERG is listed on the Oslo Stock Exchange, Norway (OSE).

The contracts with the U.S. Army for $209M and $57M were announced to the Oslo Stock Exchange (OSE) on 20 April, 2010 and 26 April, 2010 respectively.

For more information visit www.kongsberg.com or contact Erin Wasiak at kps.usoffice@kongsberg.com or 703-838-8910 to schedule an interview.

Contacts

KONGSBERG
Erin Wasiak, 703-838-8910
kps.usoffice@kongsberg.com
www.kongsberg.com

Release Summary

KONGSBERG books orders with US Army for $209M and $57M for additional PROTECTOR Remote Weapon Stations. Both orders part of the Common Remotely Operated Weapon Station (CROWS II) framework agreement.

Contacts

KONGSBERG
Erin Wasiak, 703-838-8910
kps.usoffice@kongsberg.com
www.kongsberg.com