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KONGSBERG and Rheinmetall sign framework agreement

The scope of this agreement is to provide a framework for the co-operation between the companies for the Remote Weapon Station (RWS) product area.

Through this agreement the companies intend to not only maintain, but also to expand the co-operation as well as establish joint sales efforts in some international markets.

Kongsberg and Rheinmetall have entered into this co-operation agreement to promote the KONGSBERG PROTECTOR family of RWS' and also increase the level of integration between the two companies' product lines. The overall objective of bringing the two high technology companies together is to offer leading-edge solutions and to raise the value for our international customers.

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.

Rheinmetall AG is a globe-spanning defence technology and automotive engineering group with an international customer base. Employing a 20,000-strong global work force, the Rheinmetall Group generated sales in FY 2009 of around 3.4 billion Euro. Rheinmetall Defence's six divisions – Vehicle Systems, Weapons and Ammunition, Air Defence, Propellants, Defence Electronics and Simulation and Training – supply the world's armed forces with a comprehensive array of products and services.