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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Kongsberg Gruppen ASA    KOG   NO0003043309

KONGSBERG GRUPPEN ASA

(KOG)
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Kongsberg Gruppen : Contract to deliver Counter Unmanned Aerial System (C-UAS) to Germany worth 250 MNOK

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12/04/2019 | 02:28am EST
Contract to deliver Counter Unmanned Aerial System (C-UAS) to Germany worth 250 MNOK
Kongsberg Defence & Aerospace AS (KONGSBERG) has entered into a contract with Federal Office of Bundeswehr Equipment (BAAINBw) to deliver a Counter Unmanned Aerial System (C-UAS) based on the PROTECTOR Remote Weapon Station. The contract worth 250 MNOK was won in an international bidding process. Germany is the first country to acquire a C-UAS solution with the PROTECTOR as a kinetic effector. The emergence of inexpensive, small unmanned aerial systems (UAS), also referred to as drones, poses a relatively new threat to both military units as well as civilian infrastructure and events, such as airports, government buildings, power plants, political gatherings and sporting events. The PROTECTOR RWS C-UAS has a rapid deployment and reaction time, and is highly mobile. KONGSBERG has studied the growing threat posed by UAS and developed technology and solutions for detection, tracking and defeat of drones. There has also been a close cooperation with the Norwegian Defence Research Establishment (FFI) to evaluate possible technologies and solutions. The combination of the operationally proven PROTECTOR RWS with advanced sensors, tracking algorithms and rapid engagements provides an innovative and cost-efficient solution. For Germany's PROTECTOR RWS C-UAS project, KONGSBERG has cooperated closely with Hensoldt and is integrating the Hensoldt Spexer 3rd generation radar for UAS detection and tracking. The solution utilizes a 40 mm Automatic Grenade launcher with airburst ammunition, - but the PROTECTOR RWS has a variety of weapon integrations up to 30 mm and air defence missiles that can be employed against UAS. Germany is the 22nd country to select KONGSBERGs PROTECTOR RWS, adding to the almost 20,000 systems delivered to our customers around the globe. 'KONGSBERG is very proud to win this first C-UAS competition, and we look forward to a long-term close cooperation with the German Army. With this contract, KONGSBERG combines existing and new technologies entering a new growing market niche', says Pål E. Bratlie, Executive Vice President Protech Systems, Kongsberg Defence & Aerospace AS. For more information: Jan Erik Hoff, Group Vice President Investor Relations, Kongsberg Gruppen ASA, Tel: (+47) 991 11 916. Ronny Lie, Group Vice President Communications, Kongsberg Gruppen ASA, Tel.: (+47) 916 10 798. KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the merchant navy and oil & gas, defence and aerospace industries. KONGSBERG has almost 11,000 employees in 40 countries. Follow us on Twitter: @kongsbergasa.

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Kongsberg Gruppen ASA published this content on 04 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2019 07:27:03 UTC

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Financials (NOK)
Sales 2019 23 289 M
EBIT 2019 960 M
Net income 2019 602 M
Debt 2019 27,8 M
Yield 2019 1,64%
P/E ratio 2019 43,7x
P/E ratio 2020 21,3x
EV / Sales2019 1,13x
EV / Sales2020 0,92x
Capitalization 26 276 M
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Mean consensus BUY
Number of Analysts 5
Average target price 162,00  NOK
Last Close Price 146,00  NOK
Spread / Highest target 16,4%
Spread / Average Target 11,0%
Spread / Lowest Target 9,59%
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NameTitle
Geir Håøy President & Chief Executive Officer
Eivind Kristofer Reiten Chairman
Gyrid Skalleberg Ingerø Chief Financial Officer & Group Executive VP
Helge Lintvedt Independent Director
Morten Rosholm Henriksen Independent Director
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