Our Bureau
09:15 AM, March 14, 2018
3386
Kongsberg, Qatar in $194 Billion Military Vehicles Tech Development Deal
Kongsberg, Qatar in $194 Billion Military Vehicles Tech Development Deal. (Representative pic)

Norwegian technological firm Kongsberg has signed a long-term technology development program deal valued at more than $194.1 billion with Qatar’s Barzan Holdings, on the sidelines of the on-going DIMDEX expo, held in Doha, Qatar.

The contract will seek to develop new technologies for "communication, digitalization and tower solutions for military vehicles."

The technology development program is one of the largest undertakings in Kongsberg's history, the company said in a press release.

"We see considerable opportunities and potential for Norwegian industry and technology development with this establishment," Geir Håøy, President and CEO of Kongsberg.

Moreover, Barzan Holdings announced that, in partnership with Kongsberg, the two organizations have tapped Nexter, a French-owned company, to "deliver tower solutions, digitalization and communication solutions to 490 armoured vehicles," over the next eight years.

Kongsberg will deliver "PROTECTOR Remote Weapon Station" and "Medium Caliber Turret" products.

KONGSBERG is to deliver the solutions "PROTECTOR Remote Weapon Station" and "Medium Caliber Turret" to the programme, both tower solutions developed for increased protection of personnel.

"Today we are the world-leading supplier of these systems and we are pleased that the Qatari authorities have chosen our solutions, technology and competence," Håøy added.

Also Read
Features
More..