Hydroid selected for large Autonomous Undersea Vehicle contract
Hydroid Inc., USA, a KONGSBERG subsidiary, has been awarded a contract for Autonomous Undersea Vehicles (AUVs) and associated support equipment to the US program for "Littoral Battlespace Sensing" (LBS).
The contract value is USD 8.4 million (NOK 52 mill.), and includes five options that may bring the total contract value to USD 77.7 million (NOK 480 mill.) if all options are exercised.
The awarded contract shall be completed within March 2012. If all options are exercised, the deliveries will continue through 2017.
The contract was procured using full and open competitive procedures via the Space and Naval Warfare Systems Centre with three offers received.
- Chris von Alt, President, Hydroid Inc., +1 508 292 2137
This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.