Norway's Kongsberg enters deals worth 880 mln USD

Source: Xinhua| 2019-07-11 01:01:02|Editor: Mu Xuequan
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OSLO, July 10 (Xinhua) -- Norway's defense contractor Kongsberg Gruppen announced Wednesday two new contracts worth 7.6 billion Norwegian kroner (880 million U.S. dollars), online newspaper E24 reported.

While one agreement was revealed to be a two-billion-kroner contract with U.S. security and aerospace company Lockheed Martin, Kongsberg has not yet revealed the details of the other contract, which is worth 5.6 billion kroner.

According to E24, Kongsberg is to deliver Lockheed Martin more parts for F-35 fighter jets for 2 billion kroner, and the new contract applies to production series 12 to 14, which in total includes 500 aircraft in all three variants of F-35.

Kongsberg has already delivered services of 700 million value of the contract, the report said.

"This contract strengthens Kongsberg's strong and long-term position in the F-35 program," Eirik Lie, president of Kongsberg Defense & Aerospace, said in a statement.

"Production for the aircraft will run for many years and ensures continuous production at Kongsberg's factory, and equally important, paves the way for further future assignments," he said. (1 U.S. dollar = 8.64 Norwegian kroner)