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Kongsberg Gets Australian Simulator Contract

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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