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KONGSBERG awarded extension of US Army CROWS frame contract

Kongsberg Defence & Aerospace AS (KONGSBERG) has been awarded an extension to the CROWS IDIQ (Indefinite Delivery/Indefinite Quantity) frame contract with the US Army first announced September 14, 2018.

This extension is valued at approximately 500 MUSD and is contingent upon future demand and annual allocations.

KONGSBERG continues the development of new, advanced versions of remote weapon station systems as well as serial deliveries to the United States Army, the United States Navy, the United States Marine Corps, and the United States Air Force.

"CROWS has become an essential capability for military platforms and soldier safety within the United States Armed Forces. This contract extension enables us to continue delivering systems that are advancing operational capabilities and effectiveness together with the team at Picatinny Arsenal”, says Pål Bratlie, Executive Vice President, Kongsberg Defence and Aerospace.

With more than 20 000 systems delivered worldwide and 14 years of CROWS experience, KONGSBERG will continue to support the soldiers with new systems, capabilities and features meeting tomorrow’s requirements while maintaining, supporting and keeping up to date a wide range of CROWS variants and support equipment.

All CROWS and RWS systems are produced in the KONGSBERG Johnstown, PA facility. Continuing the execution of this contract secures 3,000+ jobs, both directly and through the KONGSBERG U.S. supply chain. With more than 20,000 systems sold to 26 nations, KONGSBERG is the world-leading provider of remote weapon stations.

For more information:

Ronny Lie, Chief Communication Officer, Kongsberg Gruppen ASA,

Tel.: (+47) 916 10 798.

Jan Erik Hoff, GVP Investor Relations, Kongsberg Kongsberg Gruppen ASA,

Tel.: (+47) 991 11 916.

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 25.6bn in 2020.

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