MNOK 60 anti-aircraft contract

Kongsberg Defence & Aerospace AS has signed a contract worth MNOK 60 with Raytheon of the US, as a part of a Raytheon contract with the US Army. In turn, the US Army has a contract with Turkey, the end user of the equipment. Kongsberg will be providing components for upgrading the command and control units on the HAWK anti-aircraft system. The contract represents phase 1 of a project that has a total scope of MNOK 250 for Kongsberg. It is expected that the orders remaining under the contract will be placed in 2003. The project is scheduled to take four years.