Key Developments: Kongsberg Gruppen ASA (KOG.OL)

KOG.OL on Oslo Stock Exchange

17 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Kongsberg Gruppen wins order for new Remote Weapon Stations for NOK 185 mln
Monday, 24 Nov 2014 09:15am EST 

Kongsberg Gruppen ASA:Has received an order for further development, upgrade of existing systems and delivery of new Remote Weapon Stations (RWS).Deal from Norwegian Defence Logistics Organisation (FLO) is valued at 185 million Norwegian crowns.Order is part of 960 million crowns framework agreement for delivery of PROTECTOR "Nordic" Remote Weapon Stations to Norwegian and Swedish Armed Forces signed in Dec. 2011.  Full Article

Kongsberg Gruppen to test NSM from Littoral Combat Ship
Wednesday, 17 Sep 2014 04:18am EDT 

Kongsberg Gruppen ASA:Says Kongsberg Defence & Aerospace AS (Kongsberg) contracted by US Navy to test Naval Strike Missile (NSM) from Littoral Combat Ship.Says test is planned to be conducted during Sep. 2014 from USS Coronado, an Independence-class LCS.  Full Article

Kongsberg Gruppen receives NOK 332.5 mln orders from U.S. Army
Thursday, 24 Jul 2014 03:45am EDT 

Kongsberg Gruppen ASA:Says has received new orders to the CROWS program from the U.S. Army.Says the orders have a total value of 332.5 million Norwegian crowns.Says the orders are for repair and reset of already delivered equipment, and are modifications to the CROWS contract signed in Aug. 2012.  Full Article

Kongsberg Gruppen ASA signs 280 mln Norwegian crowns JSM contract with Norwegian Armed Forces
Friday, 18 Jul 2014 09:51am EDT 

Kongsberg Gruppen ASA:Says it has signed a contract with the Norwegian Defence Logistics Organization (NDLO) for part 2 of the Joint Strike Missile (JSM) Phase III development contract announced July 2.The contract comprises production of test missiles, to be used in the integration activities including test equipment.The contract also includes missile testing and qualification to be performed on the F-16 in the 2015 to 2017 period until the F-35 Block IV becomes available.The contract is for 280 mln Norwegian crowns.  Full Article

Kongsberg Gruppen ASA new contracts
Friday, 18 Jul 2014 02:30am EDT 

Kongsberg Gruppen ASA:Says Kongsberg Maritime's Full Picture solution has been selected by Chinese and Korean shipbuilders for 13 newbuild offshore vessels with total value of 330 mln Norwegian crowns.Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles, Cosco Shipyard and Hudong Zhonghua Shipyard in China, Samsung Heavy Industries and Hyundai Heavy Industries in Korea are shipbuilders that have selected KONGSBERG's Full Picture technology deliveries.Kongsberg Maritime will provide integrated dynamic positioning, automation, navigation and hydroacoustic positioning.Riser management solutions will be supplied by sister company Kongsberg Oil & Gas Technologies.Delivery is for four Offshore Drilling Units, two Accommodation Units, six LNG vessels and one LNG FSRU with Integrated Automation System.One of the contracts with DSIC is for Semi-Submersible Drilling Rig of Agility Group A5000 design, for Chinese Drilling Contractor, China Oilfield Services.  Full Article

Kongsberg Gruppen and Raytheon to provide new solutions for Offensive Anti-Surface Warfare
Tuesday, 15 Jul 2014 03:00am EDT 

Kongsberg Gruppen ASA:Says it has formed a teaming agreement with Raytheon Co to provide new solutions for the Offensive Anti-Surface Warfare (OASuW) mission.As a centerpiece of the agreement, the companies will develop the Joint Strike Missile (JSM) for air-launched OASuW applications.  Full Article

Kongsberg Gruppen wins contract
Wednesday, 2 Jul 2014 06:00am EDT 

Kongsberg Gruppen ASA:Says Kongsberg Satellite Services (KSAT) is awarded extension contract to provide ground station services to Raytheon Company, USA.KSAT will be using company ground stations in Svalbard Norway to provide services to Raytheon Company, contractor supporting ground stations to Joint Polar Satellite System (JPSS).Ground Station will be operated from Tromso Network Operation Center (TNOC).Contract is from Oct. 1, 2016 through Sep. 30, 2022.Extension contract value is about $41 million.  Full Article

Norway may cut stakes in Telenor and Kongsberg Gruppen-Reuters
Thursday, 19 Jun 2014 06:15pm EDT 

Telenor ASA:Norway's government will ask parliament for the right to cut its stake in telecommunications company Telenor and industrial group Kongsberg Gruppen to 34 percent of each entity, the trade minister said on June 19-Reuters.Norway's government holds 54 percent of Telenor, a global telecoms company with 172 million customers in Europe and Asia.The state owns 50 percent in Kongsberg Gruppen.A 20 percent stake in Telenor is worth around $7.1 billion at current prices, while a 16 percent stake in Kongsberg Gruppen is worth around $440 million.  Full Article

Kongsberg Gruppen ASA receives new contract
Wednesday, 28 May 2014 03:12am EDT 

Kongsberg Gruppen ASA:Says Kongsberg Maritime AS (KONGSBERG) has been awarded Project Specific Agreement including FEED contract for delivery of Safety and Automation (SAS) systems to four Johan Sverdrup field platforms by Statoil Petroleum AS.Project Specific Agreement also includes option for Safety and Automation equipment, lifecycle simulator, detail engineering services and commissioning services.  Full Article

Kongsberg Gruppen says Norwegian Government presents bill on further development of Joint Strike Missile (JSM)
Friday, 23 May 2014 08:02am EDT 

Kongsberg Gruppen ASA:Says the Norwegian Government has presented a bill to the Parliament on the completion of the Joint Strike Missile (JSM) and preparing it for integration to the F-35 Lightning II Joint Strike Fighter (JSF).Pending Parliament approval, for KONGSBERG this entails a continuous development and finalization of a complete product in 2017.  Full Article

BRIEF-Kongsberg Gruppen: order for new Remote Weapon Stations for NOK 185 mln

* Says has received an order for further development, upgrade of existing systems and delivery of new Remote Weapon Stations (RWS)

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