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Contract for Autonomous Undersea Vehicles

Hydroid Inc., USA, a KONGSBERG subsidiary, is awarded a contract for Autonomous Undersea Vehicles (AUVs) and associated support equipment to the US program for “Littoral Battlespace Sensing” (LBS).

Remus-600 in water
Remus-600 (not identical with the LBS version).
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.

For further information, please contact:
Rolf Arne Klepaker, EVP Subsea, Kongsberg Maritime, +47 99 20 39 75.Chris von Alt, President, Hydroid Inc., +1 508 292 2137.

KONGSBERG (OSE Ticker: 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 2009, KONGSBERG had a Turnover of NOK 13.8 billion, and the Group had 5 423 employees in more than 25 countries.

This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.