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Kongsberg Gruppen ASA (KOG.OL)

KOG.OL on Oslo Stock Exchange

139.40NOK
19 Oct 2018
Change (% chg)

kr-1.40 (-0.99%)
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Volume
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139,546
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kr204.50
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Latest Key Developments (Source: Significant Developments)

Kongsberg Awarded CROWS Contract Valued USD 74 Million
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG AWARDED CROWS CONTRACT VALUED USD 74 MILLION.KONGSBERG AWARDED CROWS CONTRACT VALUED USD 74 MILLION.  Full Article

Kongsberg To Supply Integrated Technology For New Heavy Lift Crane Vessel
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG TO SUPPLY INTEGRATED TECHNOLOGY FOR NEW HEAVY LIFT CRANE VESSEL.KONGSBERG MARITIME HAS SECURED AN USD 13 MILLION CONTRACT.FIRST IS CURRENTLY UNDER CONSTRUCTION BY CHINA MERCHANTS HEAVY INDUSTRY AND IS SCHEDULED TO ENTER SERVICE IN 2021.SECURED USD 13 MILLION CONTRACT TO EQUIP A NEW HEAVY LIFT CRANE VESSEL FOR OFFSHORE HEAVY TRANSPORT.  Full Article

Kongsberg Gruppen Q2 EBIT At NOK 124 Million, Above Expectations
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Kongsberg Gruppen ASA ::EVENTFUL QUARTER WITH IMPORTANT CONTRACTS AND STRONG ORDER INTAKE.Q2 EBIT NOK 124 MILLION (REUTERS POLL NOK 122 MILLION).Q2 NET PROFIT NOK 89 MILLION (REUTERS POLL NOK 83.0 MILLION).Q2 OPERATING REVENUE NOK 3.52 BILLION (REUTERS POLL NOK 3.66 BILLION).SAYS DUE TO WEAK ORDER BACKLOG, KDA’S PROTECH SYSTEMS DIVISION SEES LOWER OPERATING REVENUE DURING LAST TWO QUARTERS AND 2018 AS WHOLE.  Full Article

Kongsberg Maritime To Deliver Systems Valued At $18 Mln to Awilco drilling rig
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG TO DELIVER SYSTEMS VALUED AT MUSD 18 TO NEW AWILCO DRILLING RIG.CONTRACT IS VALUED AT AROUND USD 18 MILLION.SELECTED BY GLOBAL OFFSHORE AND MARINE GROUP KEPPEL OFFSHORE & MARINE.KONGSBERG MARITIME HAS BEEN SELECTED BY GLOBAL OFFSHORE AND MARINE GROUP KEPPEL OFFSHORE & MARINE.  Full Article

Kongsberg Gruppen Updates On Costs Incurred In Q2
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG MARITIME IN Q2 INCURRED NOK 50 MILLION IN EXCESS OF EXPECTED COSTS RELATED TO A SINGLE SOLUTION DELIVERY.IN RELATION TO ROLLS ROYCE COMMERCIAL MARINE DEAL AND OTHER M&A, KONGSBERG ALSO INCURRED COSTS OF NOK 79 MILLION.WILL ANNOUNCE RESULTS FOR 1ST HALF YEAR 2018 ON FRIDAY 24 AUGUST.  Full Article

Rolls-Royce To Sell Commercial Marine Business To KONGSBERG
Friday, 6 Jul 2018 

July 6 (Reuters) - Rolls-Royce Holdings PLC ::TO SELL ITS COMMERCIAL MARINE BUSINESS, TO KONGSBERG, FOR AN ENTERPRISE VALUE OF £500M AND NET PROCEEDS OF AROUND £350M TO £400M.SALE INCLUDES PROPULSION, DECK MACHINERY, AUTOMATION AND CONTROL.KONGSBERG WILL HAVE ACCESS TO PRODUCTS FROM BERGEN ENGINES, WHICH REMAINS PART OF ROLLS-ROYCE POWER SYSTEMS.ROLLS-ROYCE POWER SYSTEMS WILL CONTINUE TO SUPPLY MTU ENGINES TO A RANGE OF CUSTOMERS IN THE MARINE MARKET.DISPOSAL IS EXPECTED TO HAVE HAD AROUND A £50M POSITIVE PROFIT IMPACT BASED ON 2017 PRO FORMA FIGURES.TRANSACTION HAS BEEN APPROVED BY THE BOARDS OF BOTH ROLLS-ROYCE AND KONGSBERG AND IS EXPECTED TO CLOSE IN Q1 2019.  Full Article

Kongsberg Gruppen Signs Contract With Norwegian Defence Materiel Agency
Friday, 29 Jun 2018 

June 29 (Reuters) - KONGSBERG GRUPPEN ASA ::MNOK 700 CONTRACT FOR JSM TEST MISSILES.MNOK 700 CONTRACT FOR JSM TEST MISSILES.HAS SIGNED A CONTRACT WORTH MNOK 700 WITH NORWEGIAN DEFENCE MATERIEL AGENCY.PROJECT ENTERS INTO AN F-35 INTEGRATION PHASE UP TO 2023.  Full Article

Kongsberg Entered Into Contract With Norwegian Defence Materiel Agency
Wednesday, 20 Jun 2018 

June 20 (Reuters) - KONGSBERG GRUPPEN ASA ::CONTRACT WORTH 200M NOK\, NAVAL STRIKE MISSILE FOR NORWAY AND GERMANY.HAS ENTERED INTO CONTRACT WITH NORWEGIAN DEFENCE MATERIEL AGENCY.NORWAY AND GERMANY WILL COOPERATE IN A LONG-TERM EVOLUTION OF NSM FOR THEIR VESSELS.THIS CONTRACT IS FIRST PHASE IN THIS COOPERATION AND HAS A DURATION OF ONE YEAR.  Full Article

Equinor Extends Existing Contract With Kongsberg
Thursday, 14 Jun 2018 

June 14 (Reuters) - Kongsberg Gruppen Asa ::EQUINOR EXTENDS EXISTING CONTRACT WITH KONGSBERG INTO PHASE 2 OF JOHAN.EQUINOR EXTENDS EXISTING CONTRACT WITH KONGSBERG INTO PHASE 2 OF JOHAN.EQUINOR ENERGY AS HAS CONTRACTED KONGSBERG MARITIME TO DELIVER SAFETY AND AUTOMATION SYSTEMS (SAS).PHASE 2 AGREEMENT INCLUDES DELIVERY OF SAS AND DIGITAL TECHNOLOGY FOR A NEW PROCESSING PLATFORM.  Full Article

Kongsberg Gruppen Q1 Operating Revenue Below Expectations At NOK 3.55 Bln
Tuesday, 15 May 2018 

May 15 (Reuters) - KONGSBERG GRUPPEN ASA ::LOWER ACTIVITY IN DEFENCE IN FIRST QUARTER - OUTLOOKS UNCHANGED.Q1 OPERATING REVENUE NOK 3.55 BILLION (REUTERS POLL NOK 3.79 BILLION).Q1 ORDER INTAKE IS NOK 2,939 MILLION."CERTAIN MARKETS, ESPECIALLY OFFSHORE, ARE STILL CHALLENGING".SAYS REDUCTION IN REVENUES IS PRIMARILY RELATED TO LOWER ACTIVITY LEVELS IN MISSILES AND AIR DEFENCE.PROTECH SYSTEMS DIVISION IN KDA EXPECTS LOWER REVENUES IN THE LAST THREE QUARTERS OF THE YEAR,.  Full Article

Norway should invest NOK 2.5 bln in Kongsberg Gruppen share issue -government

OSLO, Sept 28 Norway should invest about 2.5 billion Norwegian crowns ($306.26 million) in Kongsberg Gruppen's planned share issue, to help pay for the firm's acquisition of Rolls-Royce's Commercial Marine unit, the government proposed on Friday.