Signed in 1996, KONGSBERG's NSM development contract is based on a fixed price. The contract is valued at NOK 1.6 billion. Although the test was successful, significant work still remains before the development project can be concluded.
In connection with the preparations for the test shot, a new review was made of the remaining work on the development project. The review concludes that completion of the project will call for more resources than originally anticipated. Accordingly, it was decided to charge a further MNOK 150 against income i 2004, which will reduce the profit correspondingly. This amount was not taken into account in the previous description of the estimated result for the year.