KSAT WINS MNOK 618 CONTRACT WITH Space Norway

Kongsberg Satellite Services (KSAT) signed a MNOK 618 contract with Space Norway for the delivery of ground station services to provide satellite-based broadband in the Artic.  

The contract is related to Space Norway’s newly announced cooperation with the satellite operator Inmarsat and the Norwegian Ministry of Defence to offer mobile broadband coverage in the Arctic. The two satellites related to this cooperation are scheduled to be launched by SpaceX in 2022. The 15 year service agreement covers ground station and spacecraft operations and requires KSAT to expand with both capacity and antennas in the Tromsø-region in Northern Norway.

-This award is an important milestone for Kongsberg Satellite Services. Providing broadband to the strategically important Arctic region demonstrates that we are world leading provider of satellite ground stations and services. This is an important step in ensuring we are a preferred partner for next generation space missions, says Eirik Lie, President in Kongsberg Defence and Aerospace.

-This contract is of high strategical, as well as financial importance for the development of KSAT. The contract confirms KSAT’s very strong position in this new space market and expands our offerings further, says Rolf Skatteboe, President KSAT.

For more information contact:
Rolf Skatteboe, CEO and President KSAT, +47 911 98 985
Ronny Lie, Chief Communication Officer, Kongsberg Gruppen, +47 916 10 798
Jan Erik Hoff, Vice President Investor Relations Kongsberg Gruppen, +47 991 11 916

KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. KONGSBERG has close to 11,000 employees located in 40 countries. Follow us on Twitter: @kongsbergasa.

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