Kongsberg Gruppen

Regulatory Filings • Nov 18, 2020

Kongsberg Maritime signs 200 MNOK contract to supply propeller systems for five F110 frigates

Kongsberg Maritime signs 200 MNOK contract to supply propeller systems for five F110 frigates

Kongsberg Maritime has secured a contract worth NOK 200 million with Spanish shipbuilder Navantia to supply propeller systems for five F110 frigates, currently in construction for the Spanish Navy. These next-generation vessels are designed to follow on from Navantia’s F100 frigate.

Egil Haugsdal, President Kongsberg Maritime, says: “We are very pleased to be working with Navantia on this project. They are a top-rated company and experts in the naval shipbuilding arena. This order again confirms the shipbuilding industry’s recognition of KONGSBERG as the world leader of naval propulsion equipment.”

KONGSBERG is well placed to deliver propulsion systems to meet the most stringent specifications thanks to the Kongsberg Maritime Research Centre (KHRC) in Kristinehamn, Sweden, which is known worldwide for its ground-breaking work in hydrodynamics and advanced designs.

For more information contact:

Ronny Lie, Chief Communication Officer, Kongsberg Gruppen, +47 916 10 798

Jan Erik Hoff, Group Vice President Investor Relations, Kongsberg Gruppen, +47 991 11 916

KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the maritime, oil & gas, defence and aerospace industries. KONGSBERG has almost 11,000 employees in 40 countries.