KONGSBERGS Contracted by BAE Systems worth 388 MNOK

KONGSBERG is contracted by BAE Systems for supplies to the Norwegian Army worth 388 MNOK

KONGSBERG has signed a contract with BAE Systems to supply combat systems for military vehicles. BAE Systems, Sweden, is the main supplier to the Norwegian Army's upgrade program of the CV90 infantry fighting vehicle. KONGSBERG leads a Norwegian team of KONGSBERG, Thales Norway and Vinghøg.

KONGSBERG will deliver Integrated Combat Solution to CV90. Integrated Combat Solution is a system based on open standards for connectivity and integration of sensors, weapons, communication networks and security systems. The system increases crew situational awareness and ability to operate swiftly and efficiently.

"We are very proud to be selected as systems integrator and partner of a new, modern and future-oriented network-based solution for vehicles," said Eirik Lie, Executive Vice President of Kongsberg Defence Systems. "Integrated Combat Solution from KONGSBERG fits very well into the digitization of the Army and further development of the Army's combat systems," he continues.

The Norwegian Army's upgrade program of the CV90 also includes installations of new capabilities like Remote Weapon Stations (RWS). These are to be delivered through the PROTECTOR “Nordic” contract, disclosed 21 December 2011.

For more 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 6 700 co-workers in more than 25 countries.

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