KONGSBERG signs NOK 280 million JSM contract with the Norwegian Armed Forces

Kongsberg Gruppen (KONGSBERG) has signed a contract with the Norwegian Defence Logistics Organization (NDLO) for part 2 of the Joint Strike Missile (JSM) Phase III development contract announced July 2, 2014.

JSM development work has been going on since 2008 and will be a continuous activity up until the completion of a complete product in 2017. This contract comprises production of test missiles, to be used in the integration activities including test equipment. The contract also includes missile testing and qualification to be performed on the F-16 in the 2015 to 2017 period until the F-35 Block IV becomes available.

For further information, please contact:
Harald Ånnestad, President, Kongsberg Defence Systems, Mob.: +47 920 60 087
Pål Bratlie, Executive Vice President, Kongsberg Defence Systems, Mob.: +47 930 57 243

KONGSBERG (OSE ticker: KOG) is an international, knowledge-based group that delivers high-technology systems and solutions to customers in the oil and gas industry, the merchant marine, and the defence and aerospace industries. KONGSBERG has about 7 500 employees in more than 25 countries and its operating revenues totalled NOK 16.323 billion in 2013. KONGSBERG is celebrating its 200th anniversary in 2014. To read more about KONGSBERG's history, please visit our anniversary website.

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