KONGSBERG receives new air defence system order for the US Army

KONGSBERG has as a partner of a Raytheon team, booked an order valued at MNOK 23 from fellow team member, the Boeing Company. The order approves the long-lead purchases, leading to low rate initial production of the MNOK 91 Surfaced Launched AMRAAM (SLAMRAAM) Program for the US Army. Full rate production is expected to start in 2012, at a value of approximately MNOK 500 for KONGSBERG, if all options are executed.

SLAMRAAM which is based on Norwegian Advanced Surface to Air Missile Systems (NASAMS) represents a revolutionary step forward in the air defence capability. SLAMRAAM will field the first command and control air defence system supporting the US Army's vision of 'system of systems'.

SLAMRAAM is a tailorable, state-of-the-art air defence system that can defeat current and emerging cruise missile threats, unmanned aerial systems and a wide range of air breathing threats. It provides the warfighter with a system of highly mobile battlefield elements networked and geographically distributed to provide integrated fire control capability against airborne threats. SLAMRAAM, when combined with Kongsberg, Raytheon and Boeings domain knowledge in integrated air and missile defence, provides the US Army and allies the netted, flexible capabilities to defeat current and future threats.

See also our notice to the stock exchange of 27 May 2004.

KONGSBERG (Ticker OSE: 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, and the defence and aerospace industries. In 2008, KONGSBERG had a turnover of NOK 11 billion and 5 243 employees in more than 25 countries.

For further information, please contact: Executive Vice President Eirik Lie, mobile phone (+47) 917 04 933.