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Kongsberg Gruppen

M&A Activity • Aug 8, 2019

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M&A Activity

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Kongsberg Hydroid awarded contract with US Navy

Kongsberg Hydroid is awarded a MUSD 15.8 indefinite-delivery/indefinite-quantity contract for the MK 18 Family of Systems– Unmanned Underwater Vehicle systems. This contract includes options which, if exercised, would bring the cumulative value of this contract to MUSD 84. Please see the announcement given by US Navy for further information: https://www.defense.gov/Newsroom/Contracts/Contract/Article/1927732/

KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. KONGSBERG has close to 11,000 employees located in 40 countries. Follow us on Twitter: @kongsbergasa.