Sweden, Norway and Denmark form The Viking Industrial Group

Sweden, Norway and Denmark form The Viking Industrial Group Industrial representatives from Denmark, Norway and Sweden have signed a Letter of Intent concerning cooperation between the three countries, and have formed an industrial consortium with a view to collaborating on the Viking submarine project. The companies that form The Viking Industrial Group are Danyard Aalborg AS (Denmark); Kongsberg Defence & Aerospace AS (Norway) and Celsius (Sweden), via business unit Kockums Naval Systems. The Project Viking concept is to coordinate the procurement of next-generation submarines for these three Nordic countries, thereby reducing costs for each country. Preliminary and feasibility studies are currently in progress. The formation of The Viking Industrial Group is a major step in industrial terms. On the customer side, representatives for the defence materiel administrations of the participating countries have formed a Viking project group. An office has been established in Malmö, headed by Captain Morten Jakobssen, Royal Norwegian Navy. For further information, please contact Kjell Göthe, Vice President/Group Communications, on + 46 (0)8 - 463 00 19 or + 46 (0)70 - 583 95 44 (mobile). Celsius is an international advanced-technology and knowledge based corporation, which in close interaction with its customers develops, manufactures and maintains advanced systems, products and services within core areas Defence and Aviation Services. Based on a platform of comprehensive competence, new businesses with strong growth potential are developed for the military and commercial markets. Celsius, with sales of about SEK 13 billion, has some 11 000 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/03/19990203BIT00120/bit0001.pdf http://www.bit.se/bitonline/1999/02/03/19990203BIT00120/bit0002.doc