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NSKFF Kongsberg Gruppen ASA (PK)

83.50
0.23 (0.28%)
20 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Kongsberg Gruppen ASA (PK) USOTC:NSKFF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.23 0.28% 83.50 49.80 115.56 85.30 83.33 85.30 370 21:06:30

Kongsberg Gruppen Signs Contract With Daewoo Shipbuilding

12/12/2011 1:46pm

Dow Jones News


Kongsberg Gruppen ASA (PK) (USOTC:NSKFF)
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   DOW JONES NEWSWIRES 
 

Norwegian conglomerate Kongsberg Gruppen ASA (KOG.OS) Monday said the company has signed an offshore contract with Daewoo Shipbuilding & Marine Engineering Co.(042660.SE).

 
   MAIN FACTS: 

-The contract covers deliveries to two semi-submersible drilling rigs, with an option for Kongsberg to deliver products and services for two more semi-submersible drilling rigs.

-Kongsberg Maritime will start deliveries early next year, including engineering services at the yard in Korea.

-All key deliveries from Kongsberg are scheduled for completion by December, 2012.

-Startup, commissioning and trials are scheduled to be completed in the first and third quarter, 2014.

-The company said the deal is "significant" but disclosed no financial detail.

-At 1302 GMT shares traded 2.1% higher at NOK121.00.

-By Katarina Gustafsson; Dow Jones Newswires; +46-8-5451-3097; katarina.gustafsson@dowjones.com

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