Kongsberg Hydroid expands framework agreement with US Navy

Kongsberg Hydroid is awarded a MUSD 52.3 firm-fixed-price modification to previously-awarded firm-fixed price, indefinite-delivery/indefinite-quantity for the MK 18 family of unmanned underwater vehicle systems. This contract includes options which, if exercised, would bring the cumulative value of this contract to MUSD 100, from previously MUSD 48. Please see the announcement given by US Navy for further information: https://www.defense.gov/Newsroom/Contracts/Contract/Article/1961889/

Reference to the announcement given by US Navy in April this year: https://www.defense.gov/Newsroom/Contracts/Contract/Article/1823187/.