Kongsberg Gets Australian Simulator Contract

Date : 10/05/2011 @ 4:23AM
Source : Dow Jones News
Stock : Raytheon Company (RTN)
Quote : 189.07  0.17 (0.09%) @ 4:02PM

Kongsberg Gets Australian Simulator Contract

Raytheon (NYSE:RTN)
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   DOW JONES NEWSWIRES 
 

Norwegian defence contractor Kongsberg Gruppen ASA (KOG.OS) said Wednesday it has received a simulator contract from the Australian navy, as subcontractor to Raytheon Australia Pty Ltd. (RTN).

 
   MAIN FACTS: 

-The contract is based on Kongsberg's PROTEUS Maritime Tactical Trainer and is part of Australia`s new Hobart class Air Warfare Destroyers.

-At 0746 GMT, shares in Kongsberg Gruppen were up 1.8% at NOK98 against a 1.2% rise in the wider Oslo market.

-By Gustav Sandstrom; Dow Jones Newswires; +46-8-5451-3099; gustav.sandstrom@dowjones.com

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