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- KONGSBERG and Lockheed Martin Signs Contract For New Norwegian Air Surveillance Radars
KONGSBERG and Lockheed Martin signs contract for new Norwegian Air Surveillance Radars
17 Nov 2022 13:24 CET
Issuer
Kongsberg Gruppen ASA
Kongsberg Defence & Aerospace (KONGSBERG) and Lockheed Martin signed a contract
for KONGSBERG’s support of the delivery of the TPY-4 radar to Norway for the
Norwegian Radar Sensor (NORSE) Project.
Through this ca 900 MNOK contract, KONGSBERG will be a significant partner and
subcontractor to Lockheed Martin for the deliveries to the NORSE project. The
KONGSBERG scope of delivery includes hardware, software and final assembly and
test of the TPY-4 radar systems before installation at the radar sites.
“This contract with Lockheed Martin exemplifies the importance of building
durable and trusted partnerships to serve both national and international
customers. Together we will deliver world class radar technology to the
Norwegian Armed Forces. This contract is not only important for KONGSBERG but
also for our subcontractors in Norway,” says President of Kongsberg Defence &
Aerospace, Eirik Lie.
In 2018 Lockheed Martin and KONGSBERG signed a Teaming Agreement for cooperation
on the delivery of TPY-4 radars to international customers.
Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that
supplies high-tech systems and solutions to customers in the energy, merchant,
navy and defence and aerospace industries. Kongsberg has more than 11,000
employees in 40 countries and a total revenue of NOK 27.5bn in 2021.
Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn
More information:
Access the news on Oslo Bors NewsWeb site
Source
Kongsberg Gruppen ASA
Provider
Oslo Børs Newspoint
Company Name
KONGSBERG GRUPPEN, Kongsberg Gruppen ASA 16/26 3,20%, Kongsberg Gruppen ASA 16/23 2,90%, Kongsberg Gruppen ASA 18/24 FRN, Kongsberg Gruppen ASA 21/26 FRN
ISIN
NO0003043309, NO0010766512, NO0010779788, NO0010837602, NO0010940422
Symbol
KOG
Market
Oslo Børs