Releases - Kongsberg Gruppen ASA

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KONGSBERG contract for delivery to NATO's Alliance Ground Surveillance (AGS)

5/21/2012 1:59 AM EST
During NATO's Summit in Chicago, KONGSBERG signed a EUR 28 million contract with Northrop Grumman ISS International Inc for the development of software to the NATO AGS program.
KONGSBERG will develop solutions for storing, searching and retrieval of advanced sensor data from the RQ-4 Global Hawk. The contract extends over the next 3.5 years.

NATO is in the process of acquiring the RQ-4 Global Hawk Unmanned...
The Norwegian king Harald and Executive Vice President, Harald Ånnestad of Kongsberg Defence Systems
 

The Norwegian king witnessed NSM demonstration

5/10/2012 9:56 AM EST
King Harald of Norway and Polish authorities witnessed a successful demonstration of KONGSBERG's Naval Strike Missile this afternoon.
The demonstration was part of the State visit by King Harald and Queen Sonja to Poland this week. The Polish Navy has signed a contract for the Naval Strike Missile (NSM) coastal artillery system made by KONGSBERG.  Initially placed in 2008, the order currently carries a price...
CEO Walter Qvam
 

Performance in Q1 2012

5/4/2012 1:33 AM EST
Kongsberg Gruppen (KONGSBERG) reported a solid first quarter in 2012.
Q1 operating revenues came to MNOK 3 836, and the EBITA totalled MNOK 482.
This resulted in an EBITA margin for the Group of 12.6 per cent, compared with 13.8 per cent in Q1 2011. Earnings per share (EPS) came to NOK 2.66 in Q1 2012.

At 31 March, the Group had an equity ratio of 39.9 per cent and there was a satisfactory influx of new...

Orders worth 200 MNOK for deliveries to F-35 Joint Strike Fighter

2/14/2012 8:54 AM EST
KONGSBERG has received three orders with a total value of MNOK 200 for deliveries of Rudders & Vertical Leading Edges, Centre Fuselage Parts and Air to Air Weapon Pylons for F-35 Joint Strike Fighter.
Two of the orders are based on frame agreements signed in 2008 and 2009 with Lockheed Martin and Northrop Grumman. The orders include deliveries to 30 aircrafts.

The third order marks the start of deliveries to...
CEO Walter Qvam_1
 

Performance in Q4 2011

2/10/2012 1:09 AM EST
KONGSBERG reports good performance in Q4 2011, laying a sound foundation for 2012.
Q4 revenues totalled MNOK 3 883. The EBITA came to MNOK 544. This results in an EBITA margin for the Group of 14.0 per cent, compared with 18.5 per cent in Q4 2010. Earnings per share (EPS) came to NOK 2.98 in Q4.

Accumulated operating revenues for 2011 added up to MNOK 15 128. This is roughly the same level as in 2010,...
Ula class submarines
 

Contract for Supply of Combat Management System

1/16/2012 8:45 AM EST
Contract for Supply of Combat Management System to Norwegian Submarines valued at 200 MNOK
KONGSBERG has signed a contract for supply of the MSI-90U Mk 2 Combat Management System (CMS) to the Royal Norwegian Navy’s Ula class submarines. This contract is made between the Norwegian Defence Logistics Organisation and KONGSBERG.
The contract value is approx. 200 MNOK.

KONGSBERG has for 40 years supplied Command &...

NSM contract approved

12/28/2011 7:04 AM EST
MNOK 712 NSM contract with Poland approved
The contract that KONGSBERG announced on 7 December 2010 with the Polish Ministry of Defence for additional NSMs (Naval Strike Missiles) has been approved. This contract is an extension to the basic contract, which was signed on 30 December 2008. Compared with the press release published in December 2010, the scope and value of the contract has increased and the order...
The consortium
 

Integraded Environmental Monitoring System

12/13/2011 9:01 AM EST
KONGSBERG to head up a major Norwegian consortium with DNV and IBM to develop Integrated Environmental Monitoring System
In order to reduce the environmental risks from oil and gas operations, a consortium consisting of KONGSBERG, IBM, and DNV will now develop a real-time environmental monitoring solution together with their client Statoil. The 150 MNOK project is led by KONGSBERG and will use integrated...

News at LIMA 2011Langkawi, Malaysia, 6-10 December

12/2/2011 1:09 AM EST
KONGSBERG supports the Royal Malaysian Navy operational needs for a range of world leading and off-the-shelf solutions from surface-to-surface precision strike missiles, Naval Combat Management Systems and C-Scope underwater surveillance and protection. KONGSBERG supports Malaysian industry with technology and life-time support.
KONGSBERG presents following products at LIMA 2011:

1.     NSM (Naval Strike...

KONGSBERG signs NASAMS Air Defence upgrade contract worth 360 MNOK

11/29/2011 12:34 PM EST
KONGSBERG has signed a 360 MNOK contract to deliver an upgrade of NASAMS air defence system to the Royal Norwegian Air Force. The NASAMS system is produced by KONGSBERG and Raytheon, and the upgrade will be delivered within a 2-year timeframe. The upgrade consists of deliveries of new High Mobility Launchers for increased mobility, upgrade of the existing FDC Command & Control centres and associated training...

Kongsberg Gruppen ASA