Increased scope of CROWS II framework agreement
KONGSBERG has signed a contract with the US Army increasing the number of Common Remotely Operated Weapon Stations (CROWS) in the existing CROWS II framework agreement from 10.349 to 11.690 systems.
The total value of the increase will be agreed upon later this year. Total value of the increase will depend on the US Army's future demand and annual allocations. KONGSBERG has received a purchase order for CROWS II systems valued at 345 MNOK as part of the increased scope of the framework agreement.
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.
The initial CROWS II framework agreement was disclosed on 22 August 2007.
The Protector Weapon Control System protects military troops by allowing the vehicle's weapons to be operated from a protected position inside the vehicle.
For further information, please contact: Executive Vice President Egil Haugsdal, Kongsberg Protech SystemsTel: +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 industry, 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.