Brazil Orders Penguin Missiles for New Naval Helos / MNOK 140 Penguin Contract with Brazil

Brazil Orders Penguin Missiles for New Naval Helos (NSI News Source Info) December 24, 2008: On Dec. 22, Kongsberg Defence & Aerospace signed a contract with the Brazilian navy for the delivery of Penguin anti-ship missiles and associated equipment valued at appr. MNOK 140.

The missiles will be deployed on the Brazilian Navy's new maritime helicopters. Kongsberg Gruppen (Kongsberg) is a multinational, knowledge-based group with over 5000 employees in more than 25 countries.

The Group delivers high-technology systems to discerning customers engaged in offshore oil and gas production, the merchant marine, and the defence and aerospace industries.

The subsidiary Kongsberg Defence & Aerospace is Norway's premier supplier of defence and aerospace-related systems. The company had operating revenues of NOK 3.3 billion in 2007 and has more than 1800 employees.