News Column

41MUSD satellite contract

July 2, 2014



Kongsberg Satellite Services (KSAT) is awarded an extension contract to provide ground station services to Raytheon Company, USA.

KSAT will be using the company's ground stations in SvalbardNorway to provide services to Raytheon Company, the prime contractor supporting ground stations to the Joint Polar Satellite System (JPSS). JPSS is the latest generation of U.S. polar-orbiting satellites designed to monitor global environmental conditions and collect and disseminate data related to weather, atmosphere, oceans, land and near-space environment. The Ground Station will be operated from TromsØ Network Operation Center (TNOC). The contract is from 01 October 2016 through 30 September 2022. The extension contract value is apprx. 41MUSD. For further information, please contact: President Rolf Skatteboe, KSAT. mobile phone +47 91198985. KSAT is a commercial satellite centre owned 50% by KONGSBERG and 50% by the Ministry of Trade, Industry and Fisheries through the company Norwegian Space. KSAT is situated in TromsØ, Norway with ground stations in TromsØ, Svalbard, Grimstad, Dubai, South Africa, Singapore, Mauritius and the Antarctic. KSAT is immaculately located for both TT&C (Telemetri tracking & Control), launch support, as well as data reception and Near real time Earth Observation services.



Kongsberg Gruppen (OSE-ticker: KOG) is an international, knowledge-based group delivering high technological systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. KONGSBERG has roughly 7 500 employees located in more than 25 countries with total revenues of NOK 16.3 billion in 2013.

This information is subject to disclosure requirements pursuant to 5-12 of the Norwegian Securities Trading Act.



Click here for more information: http://www.newsweb.no/index.jsp?messageId=356727


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Source: Oslo Bors Newsfeed


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