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CROWS Contract worth NOK 515 Million

CROWS Contract of NOK 515 MillionsKONGSBERG has booked an order valued at NOK 515 millions from the US Army.

The order is part of the increase of the Common Remotely Operated Weapon Stations (CROWS) framework agreement for up to 10.349 systems signed in December 2009.

The initial CROWS II framework agreement was disclosed to the Oslo Stock Exchange on 22 August 2007.

CROWS is a joint acquisition program for weapon stations for the US Army`s vehicle programs. A common solution will result in substantial efficiency gains in respect of protection, training, support and further development.

For further information, please contact: President Egil Haugsdal, (+47) 32 28 77 20.

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.