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Kongsberg Gruppen

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Kongsberg Gruppen ASA
Company typePublic
IndustryMilitary and maritime systems
Founded1814
HeadquartersKongsberg, Norway
Area served
Global
Key people
Walter Qvam (CEO)
RevenueIncrease NOK 15,128 million (2011)[1]
Increase NOK 1,431 million (2011)
Number of employees
6,681 (2011)
SubsidiariesKongsberg Maritime
Kongsberg Defence Systems
Kongsberg Protech Systems
Kongsberg Oil & Gas Technologies
Websitehttp://www.kongsberg.com

Kongsberg Gruppen ASA[2] (OSE: KOG) (lit.: "The Kongsberg Group") is Norway's major defence contractor[3] and maritime automation supplier,[4] located in Kongsberg, a former mining town.

KOG consists of four business areas, Kongsberg Defence Systems (KDS), Kongsberg Protech Systems (KPS), Kongsberg Oil & Gas Technologies (KOGT) and Kongsberg Maritime (KM). KDS is a supplier of defence and aerospace-related systems and KPS delivers weapon control systems with PROTECTOR Remote Weapon Station. KOGT provides technology, products and services for surveillance, integration, analysis, simulation, quality assurance, and governance of drilling and production operations and KM delivers products and systems for positioning, navigation and automation to merchant vessels and offshore installations, as well as products and systems for seabed surveying and monitoring, and for fishing vessels and fisheries research.

Timeline

History

The company was established in 1814 as Kongsberg Vaabenfabrik (KV) (lit.: "Kongsberg Weapons Factory"), a name which remained virtually unchanged until 1987, when it took the name Norsk Forsvarsteknologi (NFT) (lit.: "Norwegian Defence Technology") after restructuring due to the sale of all civilian activity and financial troubles. The name changed again in 1995 to the present Kongsberg Gruppen following its listing on the Oslo Stock Exchange in 1993. In 1974, a Canadian subsidiary known as Kongsberg Mesotech Ltd was established for the development and manufacturing of underwater surveillance systems.

In 1987, the company was part of the Toshiba-Kongsberg scandal, which involved a subsidiary of Toshiba and Kongsberg Vaapenfabrikk. The two companies provided the Soviet Union)—in violation of the CoCom agreement—technology (Toshiba milling machines and Kongsberg numerical-control computers) that could be used to produce military submarine propellers (with cavitation properties that were less detectable by passive sonar). Providing the USSR with technology that could make their submarines harder to find (and track), was perceived as a significant[citation needed] threat to NATO's security.

Chairman

References

See also