KONGSBERG contract for upgrading Norway`s NASAMS II air defence system worth 300 MNOK

KONGSBERG has signed a contract worth 300 MNOK to deliver an upgrade to the Royal Norwegian Air Force NASAMS II air defence system. NASAMS is produced by KONGSBERG and Raytheon. The upgrade will be completed within a timeframe of three years. The contract comprises upgrading of existing missile launchers with new electronics and software for increased performance and lifetime extension.

"The NASAMS II ground-based air defence system is an important integral part of Norway's air- and ground protection. NASAMS is the most sold air defence system in NATO, where Norway, with its experience and expertise, is a leading air-defence nation, "said Eirik Lie, Executive Vice President, Kongsberg Defence Systems.

For further information, please contact:
Eirik Lie, Executive Vice President, Kongsberg Defence Systems, Mob +47 917 04 933.

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 2011, the Group had operating revenues of NOK 15.1 billion, and it currently has some 7 000 co-workers in more than 25 countries.

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

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